UPDATED 11:13 AM PT — Friday, May 15, 2020
The White House’s economic adviser joined Republicans in throwing cold water on Democrats’ latest stimulus package.
Larry Kudlow called the bill “unrealistic” while speaking with the press Friday. He said Congress and the president just approved a multi-trillion-dollar bailout.
The U.S. National Economic Council directed also noted that he doesn’t “believe we can spend ourselves into prosperity over time.”
Kudlow echoed remarks from Counselor to the president Kellyanne Conway by labeling many provisions in the bill as “highly partisan.”
“Color me skeptical…I mean, in general, the point here is another $3 trillion package just seems off target to me,” he staed. “There are a lot of things in that package that were not bipartisan, they were tried before and were rejected.”
THIS WILL SURELY HELP
Democrats #HEROES bill imposes a crushing $254 billion tax increase exclusively on “employers suffering losses.”
That’s the ticket for restoring jobs.
Said no one. Ever.
Wait – isn’t unemployment highest since Depression; worst recession since WWII?
— Rep. Kevin Brady (@RepKevinBrady) May 15, 2020
Kudlow believes lawmakers would be more receptive to these kinds of spending packages if they are drafted at the state level.