CNBC's Joe Kernen tries to credit the strong economy to Trump's 2017 corporate tax giveaway
Kernen scoffed at the Inflation Reduction Act being a driver of economic growth
Published
Citation From the September 30, 2024, edition of CNBC's Squawk Box
JOE KERNEN (CO-HOST): What you hear when you — when one side characterizes what happened with the tax cuts, is that it, I think they conflate corporations with the wealthy. They say it was a tax cut for the wealthy.
At the same time, if you think we're in a great economy right now, and I see that said a lot, by, you know, that Bidenomics is working, this is 3% GDP, unemployment’s very low. I don't see any credit given to the 2017 cut in corporate taxes, down to 21%. And I think that — I don't know, is it a good economy because of the Inflation Reduction Act? Is it because of — what pro-growth policies did Biden pass to account for the economy?