Former Reagan economist Art Laffer said on Fox Business Monday that the Trump administration needs to leave the Tax Cuts and Jobs Act alone and focus on pressing issues like immigration and international relations.
Facing a Wednesday deadline, the Trump administration is deliberating targeted tariffs for specific trading partners or applying a uniform tariff rate, as President Donald Trump softens his stance on matching U.S. tariffs with those of other countries. During an appearance on “Kudlow,” Laffer slammed the proposed tax hike and called it “silly and stupid.”
“The single contribution he had in his first term was the Tax Cuts and Jobs Act. That was the most amazing bill ever. Lower the corporate rate to 21%. Drop the income tax rate to 39.6 to 37. Leave it alone. Get that bill passed, and just get out of taxes. We’ve got everything there. If he wants to do…
