Kudlow: Biden infrastructure plan about realizing 'great progressive-left dream' of centralized power
Fox News
President Biden and his Democrat allies are attempting to realize a "great progressive-left dream" by centralizing government power over the economy under the guise of infrastructure spending, Fox Business host Larry Kudlow told "Hannity" Thursday.
LARRY KUDLOW: You're on target tonight, Sean. Your economics are superb. ... What you have to remember here is this is a great progressive-left dream of centralizing more and more power in Washington, D.C. unelected bureaucrats, central planners, at the expense of the private investment, free enterprise economy. So many statistics here are bad. One thing I want to point out: The tax hikes on corporations will come to about $1 trillion. That's going to set back investment productivity. Middle-class, blue-collar wages will fall as a result of this, because we won't get the investment and the productivity for family income boosts that we had under Trump. Meanwhile, they are going to hand out, through the federal government, more or less $800 billion in subsidies. Let me get this right: We're going to take a trillion away from companies through higher taxes. But the federal government is going to shovel 800 billion in subsidies.More Related News
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