Larry Kudlow bashes Biden’s infrastructure bill: “If it ain’t broke, don’t fix it”

by Jenny Mount · Apr 22nd, 2021 2:29 pm

Last Updated Apr 22nd, 2021 at 6:47 pm

Financial program host for Fox network Larry Kudlow slammed Biden's infrastructure bill on his program, "Kudlow."

Kudlow, who served as the Director of the National Economic Council during the Trump Administration, said tax hikes would "destroy" the current economic boom.

"Expectations for a bipartisan [infrastructure] deal should remain low. Why is this? Well, I figure two big points. One, the GOP does not want an expanded redefinition of infrastructure that covers the whole Green New Deal and a raft of expensive social welfare state-run centrally planned programs," Kudlow said. "None of this stuff has any real work requirements or work incentives, and I don't think the GOP wants to roll back the Trump tax cuts which have proved so successful. In fact, even now, I'll repeat, the booming economy rests on the Trump tax incentives and the regulatory rollback, along with the Trump-inspired Operation Warp Speed vaccines, which, by the way, are now running up to 216 million.

"And of course, the vaccines are reopening the economy, and a reopening economy with tax incentives is booming. Now, as I've said before, don't fix it. It's not broke! And I've said many times, if we smack American business with huge tax hikes, not only will we fall badly behind in the global race for capital, but a tax hike maelstrom is going to throw a wet blanket over the entire economic boom. If it ain't broke, don't fix it."


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