Kudlow: Tax Reform Will Generate 3-4 Percent Growth 'As Far as the Eye Can See'

Republican tax reform will translate into between 3 and 4 preen economic growth “for as far as the eye can see,” economist Larry Kudlow says.

In an interview aired Sunday with radio host John Catsimatidis on AM 970's "Cats Roundtable,"  Kudlow, a former adviser to President Donald Trump, declared new legislation from both the Senate and House that’s set to be hammered out in conference committee “is going to make all the difference in the world.”

“There are warts in this bill — I've never been crazy about the individual side — but the big economic bang is coming from the business tax cuts,” he said. “This is powerful stuff. The economics profession doesn't understand, nor does the Joint Tax Committee, nor does the [Congressional Budget Office], just how powerful this is going to be.”

“I believe you're looking at 3 percent to 4 percent economic growth for as far as the eye can see,” he said. “We're moving into a higher gear. And that's why I think people should hang on to their stocks."

He also reiterated his assertion that "Donald Trump has ended the war against business.”

“This tax cut bill is really proof positive,” he said, adding: “The big picture is going to be a big growth and big investment.… Foreign investment is going to start flowing down to the United States the way it did in the 1980s and 1990s… American companies offshore are going to come back and bring their cash home."

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