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Thread: Kudlow defends Trump's Fed picks

  1. #1

    Kudlow defends Trump's Fed picks

    White House economic adviser Larry Kudlow on Sunday defended President Donald Trump's picks for the Federal Reserve Board, citing their experience and demurring on personal allegations.

    "President Trump has every right to put people on the Federal Reserve Board with a different point of view," Kudlow told CNN's Jake Tapper on "State of the Union."

    Trump's picks, Herman Cain and Stephen Moore, are strong allies of the president and have been the subject of criticism for unorthodox proposals.

    Cain, a former restaurant executive and 2012 Republican presidential candidate, has called for a return to the gold standard and a 9 percent national sales tax. Moore, a tax-policy specialist, worked on Trump's tax plan during the 2016 presidential campaign.
    https://www.politico.com/story/2019/...kudlow-1260176



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  3. #2
    Quote Originally Posted by Warlord View Post
    and a 9 percent national sales tax
    That was one of the 9s. What were the other two? Income and what else?
    "It's probably the biggest hoax since Big Foot!" - Mitt Romney 1-16-2012 SC Debate

  4. #3
    Cain, a former restaurant executive and 2012 Republican presidential candidate, has called for a return to the gold standard and a 9 percent national sales tax. Moore, a tax-policy specialist, worked on Trump's tax plan during the 2016 presidential campaign.
    Those would be up to Congress, not the Fed. Trump likes Cain and Moore because he thinks they will pump up the money supply and make his economy look great.

    (If Congress were ever to adopt a national sales tax you can be pretty sure it would be in addition to, rather than replacing, any other forms of taxation).

    Cain's 9-9-9 plan called for 9% income tax rate, 9% corporate tax rate and 9% national sales tax rate with minimal deductions. One estimate of the plan said it would bring in about $2 trillion revenue for the government which is less than half the proposed $4.8 trillion Trump suggested meaning deficits of almost $3 trillion a year. https://www.politifact.com/truth-o-m...-9-9-tax-plan/
    Last edited by Zippyjuan; 04-07-2019 at 03:45 PM.


    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    "Yeah, I have to say these guys(trolls) are pretty sharp. Sort of good to get a challenge and sharpen your thoughts." NorthCarolinaLiberty

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  5. #4
    Quote Originally Posted by tfurrh View Post
    That was one of the 9s. What were the other two? Income and what else?
    At my house it is 9 beers for me , and for revenuers 9 .30 .30 rounds and 9 000 Buck rounds ( ea, we are not stingy ). At Cains house 9 percent sales tax . 9 percent corporate tax and 9 percent income tax . If you take away exemptions like mortgage interest , insurance and property tax it would have probably been a tax increase for most median income type families .
    Do something Danke

  6. #5
    Quote Originally Posted by oyarde View Post
    At my house it is 9 beers for me , and for revenuers 9 .30 .30 rounds and 9 000 Buck rounds ( ea, we are not stingy ). At Cains house 9 percent sales tax . 9 percent corporate tax and 9 percent income tax . If you take away exemptions like mortgage interest , insurance and property tax it would have probably been a tax increase for most median income type families .
    Especially since about half income tax filers end up owing no net taxes currently. Just that sales tax alone will hit them- then their income taxes will also likely be higher.


    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    "Yeah, I have to say these guys(trolls) are pretty sharp. Sort of good to get a challenge and sharpen your thoughts." NorthCarolinaLiberty

    I am Zippy and I approve of this post. But you don't have to.



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