Larry Kudlow speaks at 2020 RNC

The director of the U.S. National Economic Council speaks at the 2020 Republican National Convention.
2:46 | 08/26/20

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Transcript for Larry Kudlow speaks at 2020 RNC
Hello folks you know me from TV and radio I'm Larry Kudlow. Years ago I worked for Ronald Reagan more recently I helped the teen craft Donald Trump's economic plan during the campaign. It was a roaring success inheriting a stagnant economy on the front end of recession. The program of tax cuts historic roll back of onerous regulations that crippled small business. Unleashing energy to become the world's number one producer. And free fair and reciprocal trade deals to bolster manufacturing. Agriculture technology. And other sectors. The economy was rebuilt in three years. Unemployment fell to the lowest rate of 3.5. Percent blue collars African Americans Hispanics women. All groups benefited enormously. Everyone was better off a rising tide lifted all boats. Then came a once in 100 year pandemic. It was awful health and economic impacts were tragic. Hardship and heartbreak were everywhere but. Presidential leadership came swiftly and effectively with an extraordinary rescue for health and safety to successfully fight the cobra virus. The great bipartisan rescue also save the economy right now. Our economic health is coming back with the emergency spending and tax cuts Americans are Cohen back to work. There's a housing boom there's an auto boom a manufacturing boom a consumer spending boom stops are in record territory. Eight V shaped recovery is pointing to better than 20% growth in the second half of this year. Now looking ahead more tax cuts and regulatory rollback will be in store. Payroll tax cuts for higher wages income tax cuts for the middle class capital gains tax cuts for investment productivity. And jobs much more regulatory relief for small businesses. In economic terms folks this is no time for a four trillion dollar tax hike. Coming out of the deep pandemic. Who in their right mind would pick the pockets of taxpayers and drain money from their wallets and purses. Look our economic choice is very clear to you on economic health prosperity. Opportunity and optimism. Ordeal want to turn back to the dark days of stagnation and recession and pessimists. I believe there can't be better economic policies then we've had in recent years so I say stay with thank you.

This transcript has been automatically generated and may not be 100% accurate.

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