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LARRY KUDLOW: Donald Trump cut taxes and the entire economy benefited

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FOX Business host Larry Kudlow says that if lawmakers tax something more, they get less of it on 'Kudlow.'

Every time Joe Biden says something about tax policy, I have to go back and write another riff to rebut all of his falsehoods. I'm so tired of this game. Today in Scranton, Biden put out yet another phony tax talking-point paper with untruth after untruth. It's pure class warfare. Millionaires are bad! Billionaires are worse! And if somebody makes a million bucks, some middle- or lower-income family loses a million bucks, but that is not how our capitalist economy works.

A recent National Bureau of Economic Research study showed that worker wages were the biggest beneficiary of the Trump tax cuts, and revenues over a few years actually broke even. Biden is blathering on that corporations don't pay taxes, only the wealthy benefited, the deficit expanded over $5 trillion, and on and on... None of it is true.

 

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