Stephen Moore, who served as an economic adviser to President Donald Trump during his first term, issued a warning to the president during an appearance on Fox News’ America Reports Monday.
Moore’s comments came after anchor Sandra Smith observed that “Some moments from now, President Trump is set to meet with House Speaker Mike Johnson; it comes as House Republicans are gearing up to push through this big tax bill,” before prompting Moore by remarking “I can’t imagine there’s anything bigger than this as it pertains to the economy, and Republicans, and policy right now. What say you?”
“Yeah Sandra, there is no room for failure here because if this doesn’t happen, if they hit a snag and they can’t get it done, you’re talking about probably the biggest tax increase in American history,” replied Moore. “Republicans would kiss goodbye any chance of holding on to Congress in that situation. So they got to get it done.”
“I’m a little frustrated, frankly, Sandra, that it hasn’t been done already. It’s not really that complicated,” he continued. “Just extend all the Trump tax cuts. Some of the things that he campaigned on like no tax for tips, and some of these other issues — get it done. One other quick thing: If he can do that and maybe get that bill by Memorial Day, and then also if the reports are correct that they’re getting close to some of these major trade deals, I don’t know how Robert [Wolf] feels about it, but I think you could see a real boom in the stock market.”
A Fox News poll released last week suggested that a strong majority of American disapprove of Trump’s job performance on the economy thus far, and have even lower opinions of his approach to issues like tariffs and inflation.
Watch above via Fox News.
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