jimnyc
05-25-2017, 01:43 PM
I recall the economists, and someone else here, was here, touting them, about his budget ideas putting us into a recession. Looks like Kudlow likes what he sees now though. :)
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Larry Kudlow: Trump's Budget Is Pro-Taxpayers, Pro-Jobs, Pro-Growth
Larry Kudlow, the veteran financial guru and former economist in the Reagan administration, said President Donald Trump’s proposed 2018 budget will help to accelerate economic growth by 3.5 percent to 4 percent a year.
“Roll back regulations and grow, grow, grow. Three percent, in my opinion, is minimal,” he said on CNBC. “They can do 3.5 percent to 4 percent if they get the tax cuts through ASAP.”
The U.S. economy has grown by 3.2 percent a year on average since 1947, but never exceeded 3 percent during the Obama administration, the first time in history. Trump’s proposed budget is based on tax and spending cuts to strengthen economic growth without increasing the deficit.
Kudlow said he likes the idea of reducing dependence on the government, as Budget Director Mick Mulvaney described the spending plans on Tuesday.
“It’s a taxpayer-first budget,” Mulvaney said. “We are no longer going to measure compassion by the number of programs and the amount spent on those programs.”
Kudlow said the budget reminds him of the Clinton administration’s welfare reforms that reduced dependence on the dole.
“The measure of success is not how much cash or government or welfare assisted,” Kudlow said. “It's how many people we put back to work.”
Rest here - http://www.newsmax.com/Finance/StreetTalk/Larry-Kudlow-Donald-Trump-budget-tax/2017/05/24/id/792138/
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Larry Kudlow: Trump's Budget Is Pro-Taxpayers, Pro-Jobs, Pro-Growth
Larry Kudlow, the veteran financial guru and former economist in the Reagan administration, said President Donald Trump’s proposed 2018 budget will help to accelerate economic growth by 3.5 percent to 4 percent a year.
“Roll back regulations and grow, grow, grow. Three percent, in my opinion, is minimal,” he said on CNBC. “They can do 3.5 percent to 4 percent if they get the tax cuts through ASAP.”
The U.S. economy has grown by 3.2 percent a year on average since 1947, but never exceeded 3 percent during the Obama administration, the first time in history. Trump’s proposed budget is based on tax and spending cuts to strengthen economic growth without increasing the deficit.
Kudlow said he likes the idea of reducing dependence on the government, as Budget Director Mick Mulvaney described the spending plans on Tuesday.
“It’s a taxpayer-first budget,” Mulvaney said. “We are no longer going to measure compassion by the number of programs and the amount spent on those programs.”
Kudlow said the budget reminds him of the Clinton administration’s welfare reforms that reduced dependence on the dole.
“The measure of success is not how much cash or government or welfare assisted,” Kudlow said. “It's how many people we put back to work.”
Rest here - http://www.newsmax.com/Finance/StreetTalk/Larry-Kudlow-Donald-Trump-budget-tax/2017/05/24/id/792138/