‘Kudlow’ host Larry Kudlow slammed Biden's climate change and tax policies Thursday, saying if the administration raises the capital gains tax, there will be less investment, productivity, wages, family income, and growth.
LARRY KUDLOW: I’m all for the earth, but I am not for these climate change policies that are coming out. I am not a climate denier. I know there’s a human element to the carbon emissions story. I also know there are natural elements to the carbon story. What we learned today is that President Biden wants to slash the level of carbon emissions to be 50% lower in 2030 than the level of 2005. Presently, we are 12% lower. We also learned that President Biden intends to double the capital gains tax, essentially taking it up from 20% to 40%. The 3.5% Obamacare surtax on investment remains the same. --
More...
