[NYP] Former Trump economic adviser Larry Kudlow warned that President Biden’s plan to raise taxes on the wealthy would ignite "class warfare" and send companies packing.Kudlow, who served as the National Economic Council director for former President Donald Trump, said if Democrats get rid of the filibuster’s 60-vote rule, then they will force their "progressive legislative agenda" through the Senate.
"Most of these initiatives are anti-business. A lot of class warfare against wealthy people," he told John Catsimatidis on his WABC 770 AM radio show.
Kudlow said Biden for the first time during his press conference last Thursday signaled that the filibuster "adamantly has to change."
High taxes "are not going to build an economy. You’re not going to be competitive around the world. You’re not going to bring investment home. You’re going to repel investment. Corporations will leave. Inversions will start all over again," Kudlow said on the show.