Informal Trump adviser and CNBC contributor Larry Kudlow criticized Republicans’ latest Obamacare repeal bill draft as being too liberal in keeping Obamacare’s taxes on some investment income.
“They’re all wusses,” Kudlow told the Wall Street Journal in an article published Monday. “How is it possible after all these years of studying the capital-gains tax? How is it possible that they don’t know that [cutting] it promotes growth?”
Kudlow appeared to be referring to the 3.8 percent tax on some investment income for high-income earners that is among the most disliked aspects of Obamacare for conservatives. Senate Republicans’ revised Obamacare repeal bill also keeps a 0.9 percent payroll tax on high-income earners.
Republican leadership included the taxes, and eliminated a tax break for insurance executives, in a revised version of their Obamacare repeal bill released July 13.
Shortly after Trump’s election, Kudlow was floated as a possible chairman of the Council of Economic Advisers. In April, Trump nominated Kevin Hassett for the role, though he has yet to be confirmed.
“Informal Trump adviser and CNBC contributor”
In other words, one of the absolute least impactful, most irrelevant voices in politics.
Because deep down, they know it doesn’t promote growth, you pinstriped, libertarian jackass.
Very few Republicans these days have enough character to qualify as “wusses.”
“How is it possible after all these years of studying the capital-gains tax? How is it possible that they don’t know that [cutting] it promotes growth?”
This is just more Republican BS. It is like saying that the best way to feed the birds is to give the horses more hay.
The only growth that a capital gain tax cut facilitates is the growth in the 1%'s contempt for the remaining 99%.