*By Carlo Versano*
President Trump's economic adviser Larry Kudlow slammed Democratic tax and banking proposals as un-American in an interview with Cheddar's J.D. Durkin on Thursday.
"I'm afraid some of my Democratic friends are going back to a war on business," Kudlow said. He was referring to policies gaining traction on the left, including calls to raise the marginal tax rate on the wealthy and efforts to pass new banking regulations like an updated Glass-Steagall Act.
Government controls don't work for economic freedom, Kudlow said, pointing to the Soviet Union and Venezuela as failed experiments in socialism. He suggested Democratic lawmakers "do a historical survey" and suggested some were "being mischievous." He did not elaborate on specific behaviors.
"When President Trump came into office he made it very clear through his policies and through his statements that the war on business of the prior administration was off," Kudlow said.
During the interview, Kudlow also declined to comment on the White House's position on a pending merger between T-Mobile and Sprint, following a [report](https://www.washingtonpost.com/politics/t-mobile-executives-seeking-merger-approval-booked-more-than-52-nights-at-trumps-hotel--more-than-previously-known/2019/02/06/cd6fa7e6-29ca-11e9-b011-d8500644dc98_story.html?utm_term=.32690bde7905) that T-Mobile executives booked dozens of nights of rooms at the Trump International Hotel in Washington last year as they lobbied the administration to approve the deal.
A year ago, the president slammed another mega-merger between AT&T ($T) and Time Warner as "too much concentration of power."
The T-Mobile-Sprint deal is a "complicated, regulatory, legal" issue, Kudlow said. "This is not the morning for that."
Earlier in the day, Kudlow said there was still a "pretty sizable distance to go" between the U.S. and Chinese on trade negotiators.
Those comments sent the Dow down more than 300 points.
Eight Republican presidential candidates took to the stage on Wednesday in Milwaukee for the first Republican primary debate of the 2024 election season.
The bodies of Russian mercenary chief Yevgeny Prigozhin and some of his top lieutenants killed in a Russian jet crash on Wednesday were sent to a nearby facility for medical and forensic analysis, according to Russian media.
Political strategist Jonathan Harris breaks down the highlights from Wednesday's first Republican presidential primary debate and how Former President Donald Trump's absence affected the event.
A scowling Donald Trump posed for a mug shot Thursday as he surrendered inside a jail in Atlanta on charges that he illegally schemed to overturn the 2020 election in Georgia, creating a historic and humbling visual underscoring the former president's escalating legal troubles.
Ramaswamy has crept up in recent polls, leading to his position next to Florida Gov. Ron DeSantis at center stage. He quickly took advantage of the spotlight, attacking the other candidates as "super PAC puppets" and drawing them into tit-for-tats that gave him more air time.
The former New York City mayor, charged as former President Donald Trump's chief co-conspirator in a plot to subvert the 2020 election, is charged with Trump and 17 other people under Georgia’s Racketeer Influenced and Corrupt Organizations Act.
The 4-1 ruling Wednesday departs from the court's own decision earlier this year to strike down a similar law from 2021.
A private jet crashed over Russia on Wednesday, killing all 10 people on board, emergency officials said.
Children’s advocacy groups including Fairplay and Common Sense Media are asking the Federal Trade Commission to investigate Google, saying the tech giant serves personalized ads to kids on YouTube despite federal law prohibiting the practice.
A Tennessee judge agreed Wednesday to temporarily block a new rule advanced by state House Republicans that banned the public from holding signs during floor and committee proceedings.
Load More