Larry Kudlow: Donald Trump Is the middle-class growth candidate
Kudlow: Donald Trump Is the middle-class growth candidate
......In general terms, he will pledge to lower marginal tax rates on both large and small businesses and on all income classes. He also will propose a hike in the standard deduction for families and special deductions for childcare and the elderly.
All of these polices will help the middle class. Trump's plan will generate substantial new investment, business formation, jobs, and growth – and, hence, higher wages.
Trump is the pro-growth candidate in this race. Hillary Clinton is the anti-growth candidate. Trump wants to expand national income and the economic pie. Clinton wants to redistribute income and shrink the pie.
In past columns, I have equated Trump's tax-reduction plan to the JFK and Ronald Reagan tax cuts, which generated economic booms of roughly 5 percent growth per year. President Barack Obama, by comparison, has raised taxes, spending, and regulations, producing the worst recovery since World War II. And Clinton intends to follow in Obama's footsteps with a Bernie Sanders-like, left-wing policy mix. She is the Democrats' anti-JFK. What a pity...........