Kudlow: Left Wing Dems Want to Transform America Away from Free Enterprise Towards Socialist Spending

‘It’s that reconciliation bill that must be stopped if we are to continue some kind of a good economic story’

EXCERPT:

KUDLOW: "So you have a lot of pay-fors that aren't going to work. I mean, $50-60 billion dynamic scoring for growth, Stu, you're not going to see it because the Democrats are going to try to put income taxes, capital gains taxes, estate taxes, foreign taxes into the reconciliation bill, so it will drown out anything that might happen that was good on the growth side from infrastructure. I mean, my point here is —I mean I have lots of details if you want to go through them, but my basic point is this: the budget reconciliation bill is really the big thing here. The infrastructure bill, as I said, pluses and minuses. But the reconciliation bill, that is the bill that the left wing of the Democratic Party wants to use to transform America away from free enterprise, towards state planning and regulation and Green New Deal and socialist spending. So it’s that reconciliation bill that must be stopped if we are to continue some kind of a good economic story."

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