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Kudlow: This is No Time for Joe Biden’s $4 Trillion Tax Hike

August 26, 2020 By E.J. Smith

President Donald J. Trump listens as Assistant to the President for Economic Policy Larry Kudlow speaks at a press conference during the 50th Annual World Economic Forum meeting Wednesday, Jan. 22, 2020, at the Davos Congress Centre in Davos, Switzerland. (Official White House Photo by Shealah Craighead)

I always love Larry Kudlow’s enthusiasm and can-do attitude. It’s the spirit for what our economy is built upon.

Kudlow knows there’s a fine line between success and failure, and that it’s freedom that makes the difference.

Before the unpredictable China virus hit American shores, Larry Kudlow had helped Donald Trump craft an economic policy that had driven unemployment levels to near record lows (see my chart below).

In a speech to the Republican National Convention last night, Kudlow promised more tax cuts and regulatory rollback in Trump’s second term.

He specified:

  • Payroll tax cuts for higher wages
  • Income tax cuts for the middle class
  • Capital gains tax cuts for investment, productivity, and jobs
  • Much more regulatory relief for small businesses

Kudlow also warned Americans against the danger of Joe Biden’s plan for a $4 trillion tax hike. Those tax hikes would be a disaster for America’s small business owners and entrepreneurs.

Watch his speech here:

Action Plan: Americans are about to choose the economy they want for the next four years. The risks are high. Every month I analyze Americans’ risk perception using my RAGE Gauge. Click here to sign up for my RAGE Gauge alert, but only if you’re serious.

Donald Trump’s policies pushed unemployment to multi-decade lows before the China-virus hit.

Originally posted on Your Survival Guy. 

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  • Author
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E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com
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