On CNBC, Larry Kudlow is bullish on business tax cuts.
“Tax reform takes a long time,” he said. “I don’t know why they’re saying August. I think really a year or more is what it normally takes. I do think that the failure to deal with the healthcare bill puts more pressure on the Republicans and on the Trump administration to get a win on the board.”
Kudlow, was an economic adviser to the Trump campaign, said the key to a tax reform victory is to focus on business taxes first, even if that means running deficits over the next few years.
“Get the business stuff done,” said Kudlow, a radio talk-show host and CNBC senior contributor. “It will help the economy. We haven’t had business investment in 20 years. It’s a bipartisan critique I’m making. Go for the gold.”