For Immediate Release

Organization Profile: 
Contact: 

Sam Quigley, sam@patrioticmillionaires.org, 202-446-0489

Letting Larry Kudlow Dictate Economic Policy is a "Terrible Idea"

Patriotic Millionaires Chair responds to Kudlow's criticisms of the federal minimum wage

WASHINGTON - Today, in response to White House economic adviser Larry Kudlow saying at a Washington Post event this morning that he thinks a federal minimum wage is "a terrible idea," Chair of the Patriotic Millionaires Morris Pearl released the following response:

“Larry Kudlow's view that a federal minimum wage is a 'terrible idea' is absurd. The idea that the federal minimum wage shouldn't be raised is ridiculous enough considering how little $7.25 per hour actually is, but to say that large companies should have the complete freedom to dictate the income of workers is stunning. This is beyond the pale, completely contrary to what virtually every credible economist believes, and dangerous. The American people should be incredibly worried that President Trump's chief economic adviser is for a policy that would further enrich just a few wealthy people by allowing millions of Americans to sink deeper into poverty. The minimum wage isn't a terrible idea, letting Larry Kudlow dictate economic policy is a terrible idea."

###

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do.

Share This Article