Tax Reform to Generate 3-4% Growth ‘As Far as the Eye Can See’

Tax Reform to Generate 3-4% Growth ‘As Far as the Eye Can See’

Tax Reform to Generate 3-4% Growth ‘As Far as the Eye Can See’

  • Donald Trump has ended the War against business

President Trump’s tax reform will translate into between 3 -4%  economic growth “for as far as the eye can see.”

In an interview aired Sunday, economist Larry Kudlow, a former adviser to President Donald Trump, declared new legislation from both the Senate and House that’s set to be hammered out in conference committee “is going to make all the difference in the world.”

“There are warts in this bill — I’ve never been crazy about the individual side — but the big economic bang is coming from the business tax cuts,” he said. “This is powerful stuff. The economics profession doesn’t understand, nor does the Joint Tax Committee, nor does the [Congressional Budget Office], just how powerful this is going to be.”

“I believe you’re looking at 3 to 4% economic growth for as far as the eye can see,” he said. “We’re moving into a higher gear. And that’s why I think people should hang on to their stocks.”

He also reiterated his assertion that “Donald Trump has ended the War against business.”

“This tax cut bill is really proof positive,” he said, adding: “The big picture is going to be a big growth and big investment.… Foreign investment is going to start flowing down to the United States the way it did in the 1980’s and 1990’s… American companies offshore are going to come back and bring their cash home.”

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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