Fox Business Network host and former President Trump economic adviser Larry Kudlow claimed on Tuesday that President Joe Biden's “woke” tax policies are part of a “racial war against white people,” while simultaneously This intensified the right-wing criticism of the Democratic Party, which promotes DEI. attempt.
On his self-titled afternoon show, Kudlow responded to ongoing pro-Palestinian protests on college campuses such as Columbia University, saying that the Biden administration is “reacting to virtually every aspect of American life and government, and of course these aspects. “We have inserted an 'enlightened DEI policy,'” he said. University. ”
Kudlow added that the slogan of diversity, equity, and inclusion is also the “grandfather of the anti-Semitism virus,” which he said is rooted in “socialist class warfare.”
“The Biden budget came up with this crazy idea of taxing white people who own more assets than people of color. So Bidennomics is going to raise the capital gains tax to 44.6%. And Janet Yellen's Treasury notes that white families hold a disproportionate amount of wealth. Yes, we know that, but we also know that Hispanic and Black businesses have flourished during the Trump era. ,” Kudrow said.
“It had nothing to do with class warfare, rich versus poor, skin color, or any crazy policies coming out of the current administration,” he continued.
Mr. Kudlow complained that Mr. Biden's “race-based tax system is absolutely insane,” even as he acknowledged just a few months ago that the economy was in better shape than he expected.
“Yes, Biden is proposing $5 trillion in tax increases overall, which would crimp the economy and increase inflation. But let's look at the flip side of these tax policy goals. And we see class warfare. We see diversity, equity, and inclusion. We see a race war against white people, especially successful white people,” Kudlow argued.
“This left-wing socialist woke approach is the complete antithesis of traditional American values and the color-blind traditional ladder of opportunity that has made America the most powerful nation in the world.”
In his State of the Union address, Biden called for imposing a 25% minimum income tax on earners worth at least $100 million, raising the corporate tax rate from 15% to 21%, and providing tax breaks for companies to use private jets. Suggestions were made to reduce the amount. The president also promised not to raise taxes on people making less than $400,000 a year.
