Larry Kudlow (a known idiot) working on Trump's tax plan

Posted on: July 20, 2016 at 17:14:34 CT

It is hard to take Trump seriously on economics when Larry Kudlow is one of the main architects of his tax plan. He was the "goldilocks" economy loon that denied their was a housing bubble right up until the whole thing blew up in 2007.

At least Trump is scaling back his tax cuts, so that implies some recognition of reality.

http://www.marke****ch.com/story/trump-advisers-describe-possible-trims-to-tax-cut-plan-2016-07-20

Here is the story since the link doesn't seem to work.

An updated version of Donald Trump’s tax cut will be about one-third the size of the previous $10 trillion version, two campaign advisers said on Wednesday.

“We just tweaked this thing and the goal was to put in more growth and bring the deficit way down, which we have achieved,” said CNBC host Larry Kudlow, who said he has been working on the plan with economist Stephen Moore. “And there’s some tough decisions with respect to deductions.”

Moore and Kudlow spoke in Cleveland at an event hosted by Politico.


Moore, who said he was a senior economic adviser to Trump, said the revised plan will have a top individual tax rate of between 30% and 33%, up from the 25% rate in the tax plan Trump unveiled last year but below today’s top rate of 39.6%. Moore said there would be about 75% overlap between Trump’s new plan and the tax-overhaul blueprint released last month by Republicans in the House of Representatives.

An expanded version of this story is available at WSJ.com.


Edited by Knucklehead at 17:16:30 on 07/20/16