Kudlow: Trump 'ending the war on business'

Kudlow: Trump 'ending the war on business'
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Conservative economic analyst Larry Kudlow said on Sunday that businesses no longer feel like they are the enemy of Washington under President TrumpDonald John TrumpTrump nominates Jeffrey Rosen to replace Rosenstein at DOJ McCabe says ‘it’s possible’ Trump is a Russian asset McCabe: Trump ‘undermining the role of law enforcement’ MORE

"Donald Trump is, in fact, ending the war on business," Kudlow said in an interview with John Catsimatidis on AM 970 in New York.

"Trump is ending the punishment of investment. That's what this tax bill is really about: The return on capital will go up after tax. The cost of capital will go down after tax. And that will lead directly into new business projects, and more hires, and better wages and productivity. It doesn't get any better than this," he continued. 

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Kudlow's comments come after Republicans on Capitol Hill spent the week drafting legislation based on the president's tax reform plan. 

The plan, which is expected to benefit the upper-income tax brackets, would raise $1.3 trillion over the next decade by eliminating a deduction for state and local taxes. 

The president and congressional Republicans are scrambling to score a legislative victory on tax reform after Senate Republicans failed to fulfill their seven-year campaign promise of repealing and replacing ObamaCare twice this year. 

Trump and House Speaker Paul RyanPaul Davis RyanThe Hill's 12:30 Report: Sanders set to shake up 2020 race McCabe: No one in 'Gang of Eight' objected to FBI probe into Trump Unscripted Trump keeps audience guessing in Rose Garden MORE (R-Wis.) have both said they expect that the Republican bill will get some Democratic votes.