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Kudlow says White House to focus on future growth incentives

Published 05/01/2020, 09:09 AM
Updated 05/01/2020, 09:45 AM
© Reuters. FILE PHOTO: Larry Kudlow participates in coronavirus economic "relief update" virtual event at the White House in Washington

WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Friday the Trump administration would focus on pro-growth measures and removing business barriers, as Congress deliberates the next massive coronavirus relief package.

Among the measures Kudlow said the White House would like see in the next relief package were payroll tax cuts for workers and business investment expensing and implementation of safeguards against liability to help smaller businesses.

"So, we have our own set of asks, and we'll probably come together in a few weeks, and resume the discussions, but our emphasis, I believe, is going to be on future growth incentives," Kudlow said in an interview with Fox (NASDAQ:FOX) News.

He said he would also like to see "regulatory handcuffs" removed from U.S. businesses.

Kudlow added that the United States was in a sort of "pause mode" for the next 20 to 30 days as it waits to see what happens with the latest tranche of financial help.

"Right now, we're all sort of pausing and trying to figure out our positions," Kudlow said.

Latest comments

As part of the 4th stimulus package, can we package in firing a few of Trump admin? If we want pro growth then we need to get rid of a few of his China hawk advisors. That will drive at least 30% growth there.
Trump will do anything to win re-election. lie, cheat, steal. get America in so much debt that future generations can't succeedthey're going to have to cut Medicare, social security, education, and programs for children all for his ego.
Lies!!
Please leave the building....
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