Posted on 03/04/2016 8:03:54 AM PST by RoosterRedux
Economist, radio host, and CNBC senior contributor Larry Kudlow appeared on Breitbart News Daily Friday morning to discuss economic issues in the presidential race, including his support for Donald Trump’s economic platform, with some disagreement about the best way to handle unfair Chinese trade practices.
Breitbart News executive chairman and host Stephen K. Bannon asked Kudlow to comment on the rise of “populist, nationalist” economics, as personified by Trump and his supporter Alabama Sen. Jeff Sessions (R-AL), and the challenge this movement presents to free-trade orthodoxy, which Bannon described as a “fetish” in certain intellectual quarters..
“Well, I may be part of that fetish,” Kudlow said with a chuckle. “Free-market capitalism is the best path to prosperity.”
Kudlow said he found Trump’s platform very agreeable to free-market growth: “He has a very good corporate tax-cut plan, across the board, for large companies and small companies. He’s got a 15 percent rate — we’re about 35 to 40 percent now.”
“So let’s say that became law,” Kudlow continued. “You’d see a movement, a tremendous movement, of capital and labor back to the United States, that’s in China and overseas, because we’d have a more hospitable business tax environment. You include immediate deductions for new business investment, and you include repatriation, which is all in Trump’s plan, and you’ve got yourself a powerful incentive to move back to the USA.”
Kudlow thought such “incentive economics” were better tools than the tariffs Trump has proposed for punishing businesses that move overseas, preferring carrots to sticks. However, he agreed that stern measures were needed to deal with China, which Bannon described as a “mercantilist society” — the government actively harming foreign competition to give native industries an edge.
(Excerpt) Read more at breitbart.com ...
Ping
And that’s from a pretty staid (dare I say ESTABLISHMENT) source.
Most all, if not all, of Trump’s business plans comes from himself and from friends that are successful businessmen themselves...They KNOW what they are talking about and what they are doing...
A politician talking about business plans is like Pee Wee Herman telling Hank Aaron how to hit a home run....
Larry Kudlow would be a very intelligent choice!
How about Joe Arpaio for Attorney General?
There won’t be many other jobs to fill as most agencies will have been closed forever.
“Free-market capitalism is the best path to prosperity.”
Needs to be on billboards across this nation.
Obvious to anyone who has owned a business. We have a lot of FReepers who don’t know jack diddly about how business works. Not their fault, but it tarnishes their view of things quite a bit.
What job will Jeb get in the Trump Administration?
Ping!
The Asian nations have all played the same game of blocking our exports and subsidizing their exports by many methods. Currency,duties,taxes,non tariff barriers and financing to mention a few. We have just let them do it.
“What job will Jeb get in the Trump Administration?”
Spanish translator for the work crew building THE WALL.......
: )
I’m in tears. So friggin funny.
A very few billion dollar American businesses have profited heavily by the treason.
Towel boy in the bathhouse located in the proposed Obama Lieberry.
ROFL ROFL OMG That is so funny. Great way to start the day ROFL
Just continue free trade deals that destroy all decent jobs, other than politicians and government workers and some will be happy. Spoken like a true anti-American.
That’s the rub.
They want us all to buy the products they sell, but they don’t want to have to pay a higher living wage and the social security taxes and other taxes that go with bringing the work here.
Cuts in to their net profit, doncha know, and nobody likes to share.
You can add all the career politicians and K Street gang to that list.
LOL! Perfect!
Oh no, now Larry is Hitler, KKK, bias, a misogynist, a fraud, a phony!
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