Trump Advisor: #GOPTaxScam is "going to hurt a lot of different people"
Even those behind the GOP tax scam believe this bill will leave middle-class Americans behind. In a Politico Money podcast released this morning, Larry Kudlow admitted that the GOP tax scam will “hurt a lot of different people.” Read it here:
“One of President Donald Trump’s top outside economic advisers says the individual side of the GOP tax plan never should have happened and threatens to ‘hurt a lot of different people.’”
“‘The individual side of this is maybe not the worst thing I’ve ever seen,’ said Larry Kudlow, a prominent economic commentator and former adviser to President Ronald Reagan, in the latest POLITICO Money podcast. ‘But when you end the state and local deduction, because rates are still relatively high, you are going to hurt a lot of different people. So the internal logic was not good and this is not a true tax reform bill.’”
“‘The individual side of this is maybe not the worst thing I’ve ever seen,’ said Larry Kudlow, a prominent economic commentator and former adviser to President Ronald Reagan, in the latest POLITICO Money podcast. ‘But when you end the state and local deduction, because rates are still relatively high, you are going to hurt a lot of different people. So the internal logic was not good and this is not a true tax reform bill.’”