“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens.

With high-profile Democrats such as Rep. Alexandria Ocasio-Cortez clamoring to raise income tax rates as high as 70%, Larry Kudlow is warning that the US could see a similar “catastrophe. ” Venezuela is a “Catastrophe” Because of High Tax Rate Kudlow says the “old saw” of higher taxes on the wealthy from America’s political left “never works. ” The former CNBC host says he doesn’t know how such proposals will pan out, but he’s already

Kudlow: Ocasio-Cortez’s 70% Tax on Rich Would Turn US into Venezuela by CCN

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