Larry Kudlow: Why wouldn’t Kamala Harris answer this question?

Published: Sep 12, 2024 Duration: 00:05:52 Category: News & Politics

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THE MOST IMPORTANT QUESTION OF THE CAMPAIGN. THAT'S THE SUBJECT OF THE RIFF. KAMALA HARRIS FLUBBED THE MOST IMPORTANT QUESTION OF THE CAMPAIGN AND A BIG HAT TIP TO MY LONG TIME FRIEND BERRY YORK, THE VETERAN ACE COLUMNIST OF THE WASHINGTON EXAMINER. BYRON REFERRING TO THE ECONOMY, WHICH OF COURSE IS THE MOST IMPORTANT ISSUE IN THE CAMPAIGN AND THAT WAS THE FIRST QUESTION OF THE DEBATE AND "WHEN IT COMES TO THE ECONOMY, DO YOU BELIEVE AMERICANS ARE BETTER OFF THAN THEY WERE FOUR YEARS AGO"? BYRON YORK'S KEY POINT ABOUT KAMALA'S ANSWER WAS THAT THERE WAS VIRTUALLY THEY'RE THERE. HAROLDED $50,000 STARTUP BUSINESS STARTUP. YOU SHOULD THE CURRENT TAX CUT LAW AND NEW BUSINESS OWNERS CAN DEDUCT MOST EARLY STAGE PAYROLL IN EQUIPMENT COST. MANY SMALL BUSINESS STARTUPS ARE SPENT FOR 2,000 AT LEAST FOR THE BEGINNING. IN OTHER WORDS, IT'S A POORLY THOUGHT OUT PLAN. AND OF COURSE YOU NEVER MENTIONED DEPOT SAL TO REPEAL VIRTUALLY ALL OF THE HIGH SUCCESSFUL TRUMP TAX CUTS INCLUDING THE 100% IMMEDIATE EXPENSING BONUS FOR THE PURCHASE OF NEW MACHINERY AND EQUIPMENT. THAT BONUS DEPRECIATION IS ONE OF THE MOST POWERFUL PRO GROWTH POLICIES FOR A LARGE, SMALL, AND NEW BUSINESSES AND LOOKS LIKE HARRIS WOULD REPEAL IT. PLUS THE SO CALLED ECONOMIC PLAN WITH A TOP INCOME TAX RATE TO 39.6%, WHICH IS WHAT MOST SUBSYCESFUL NEW AND SMALL BUSINESS -- SUCCESSFUL SMALL BUSINESS PLANS AND SMALL BUSINESS COST DEDUCTION EMBODIED IN THE TRUMP PLAN. IT'S TACKLING THE CAPITAL GAINS TAX AND MORE SUCCESSFUL SMALL BUSINESS OWNERS AND ON TOP OF THAT, RAISES THE ESTATE TAX, WHICH IS ANOTHER REWARD. THE SUCCESSFUL SMALL BUSINESS OWNERS. REALLY ONE HAND GIVE US THE OTHER HAND TAKE ETHNICITY AWAY AND THEN -- TAKEETH AWAY AND THEN SOME. THE CUTS FOR BUSINESS AND HERE IS MR. TRUMP AT ECONOMICS CLUB LAST THURSDAY. >> WE'VE EX-PANNED WITH THE DE-TAX CREDIT AND 100% BONUS DEPRECIATION AND EXPENSING FOR NEW MANUFACTURING INVESTMENTS AND REDUCTION IN THE CORPORATE TAX RATE FROM 21% TO 15% SOLELY FOR COMPANIES THAT MAKE THEIR PRODUCT IN AMERICA. LARRY: REAL INCOME AND PRE-PANDEMIC AND TYPICAL WONDERFUL, AND FAMILIES OF $6,400 DURING THE TRUMP YEARS AND ALMOST FIVE TYPES AS MUCH AS THE BIDEN HARRIS GAME OF ONLY $1350. ALMOST FIVE TIMES AS MUCH. NOW, THE REST OF KAMALA'S SO CALLED PLAN IS THROWING OUT $25,000 OF FREE MONEY TO BUY HOMES AND JACKING UP THE PRICE OF NEW HOMES AND OUT OF REACH FOR YOUNG AMERICANS. AND SHE TOUTS $6,000 REFUNDABLE CHILD TAX CREDIT, WHICH AMOUNTS TO A GUARANTEED BASIC INCOME FOR THOSE WHO DO NOT WORK. THAT'S HER SO-CALLED OPPORTUNITY ECONOMY. BYRON CALLS IT NOW "THE GOVERNMENT GIVING PEOPLE TAXPAYER MONEY SO THEY CAN PAY HIGHER PRICES". AND BYRON NOTES, MANY ECONOMISTS BELIEVE THESE KIND OF PROPOSALS ARE TOO BIG. THEY'RE TOO BROAD, NOT THE BEST USE OF THE MONEY TO HELP THOSE WHO ARE MOST IN NEED. THAT ACCORDING TO A WALL STREET JOURNAL NEWS STORY. BY THE WAY, MR. TRUMP DID DOUBLE THE CHILD TAX CREDITS FROM ONE TO $2,000. BUT ON TOP OF THAT, HE SLASHED MARGINAL TAX RATES FOR ALL INDIVIDUALS AND OF COURSE ALL INDIVIDUALS THEREBY PROVIDING INCENTIVES TO WORK AND INVEST ACROSS THE BOARD. NOW, HARRIS ALSO WANTS TO AGAIN INCREASE THE EARNED INCOME TAX CREDIT AND ALSO FULLY REFUNDABLE AND HOPPESTLIEST MATED $22 BILLION IN FRAUDULENT ERRONEOUS PAYMENTS. ECONOMIC SPEECH IN NORTH CAROLINA, HARRIS PROPOSED PRICE CONTROLS ON FOOD AND GROCERIES AND WHO KNOWS WHAT ELSE. AN IDEA RIDICULED BY ECONOMISTS ON BOTH SIDES OF THE AISLE. PLUS HER PACKAGE WAS ESTIMATED AT $2 TRILLION. OF COURSE THAT'S ON TOP OF THE $2 TRILLION BIDEN HARRIS BUDGET DEFICIT THAT RUNS AS FAR AS THE EYE CAN SEE. SHE HAD NEVER PROPOSED A SINGLE REDUCTION IN FEDERAL SPENDING AND HAS NEVER HAD AN ANSWER FOR RECORD DEFICIT SPENDING, ALL OF WHICH WOULD CONTRIBUTE TO HIGHER NOT LOWER LONG RUN INFLATION. BUT ALL THAT, MR. BYRON YORK CONCLUDED KAMALA HARRIS NEVER REALLY ANSWERED THE QUESTION WHEN IT COPS TO THE ECONOMY, DO YOU BELIEVE AMERICANS ARE BETTER OFF THAN THEY WERE FOUR YEARS AGO. FOR MILLIONS OF PEOPLE UNDOUBTEDLY THAT ANSWE

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