Fox News business anchor Lawrence Kudlow hit out at President Joe Biden’s plans to hike taxes on the rich up to their highest level since 1942. He branded the move as “extinguishing healthy jobs” and accused the President of “class warfare.” In his tirade, he tore apart Biden’s initiative and compared it to Donald Trump’s tax cuts which he claimed paid themselves off within two years.
Kudlow went on to say the move which he claims “run upwards of about three trillion dollars” will lead to “extinguishing healthy jobs”.
He compared Biden’s tax assault on the rich to President Trump who “slashed the corporate tax rate from 35% to 21%” which made America “competitive in the global race for capital and business hospitality.”
The Fox business host added: “Instead of shipping jobs overseas…. Over a trillion dollars of US corporate profits that was held overseas to avoid double taxation were in fact re-patriated under (by Trump).
“(Trump’s) corporate tax cut paid for itself by 2019 less than two years after it was signed into law.”
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The damming assessment of Biden’s latest move comes as the President was noticeably shaky throughout his first press conference on Thursday.
The US president stumbled and misstated facts despite using a “cheat sheet”.
At one point Biden totally forgot what he was saying and tailed off at the end of the sentence.
He said: “I’ve never been particularly poor at calculating how to get things done in the United States Senate. So the best way to get something done, if you hold near and dear to you that you like to be able to…
“Anyway, we’re ready to get a lot done.”
And in another extraordinary moment, Biden walked off stage early during a question from a reporter.
Throughout the press conference, Biden answered questions from a mere 10 reporters.
Fox News reporter Peter Doocy expressed his amazement that he had been snubbed from asking the President a single question despite having a ‘binder full’ of them.
The President’s mental well-being has repeatedly been called into question by fans and critics alike.