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Photo: Axios

If President Trump gets reelected, he will continue deregulation and lowering taxes, White House chief economic adviser Larry Kudlow said Friday at an Axios virtual event, contending that the president's policies led to "three years, pre-pandemic, of a boom,"

Why it matters: Trump's re-election campaign has been focusing on the prepandemic economy as voters are casting their ballots.

What he's saying: "His policies, the tax cuts and the deregulation especially, the people who benefited were those that needed it the most. Those are facts," Kudlow said.

  • "It was the middle class and the lower rungs of the income ladder who had the biggest gains under President Trump. It was not just for rich people."
  • "We are on the road to long-term prosperity. And I think we can pick up on that. I think we can pick up on that once we get through this difficult period."
  • "We are now working on a middle-class tax cut. We are working on some additional business tax cuts."

Yes, but: Trump has been criticized for not releasing specifics about how his second-term economic plan would work.

  • Kudlow said that he does not think the president needs to release a detailed plan because "he's the incumbent" and "has a very clear track record with a very clear set of economic principles."
    • His answers today differ from those he gave in January when he said Trump would be releasing a new tax proposal during the summer, The Hill reported.

Go deeper: Big banks saved billions thanks to the Trump tax cuts

Watch the event.

Go deeper

Jan 25, 2021 - Politics & Policy

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dave Lawler, author of World
1 hour ago - World

Americans increasingly see China as an enemy

One in three Americans, and a majority of Republicans, now view China as an enemy of the United States, according to a new survey from Pew Research Center.

By the numbers: Just 9% of Americans consider China a "partner," while 55% see Beijing as a "competitor" and 34% as an "enemy."

Scoop: Leaked HHS docs spotlight Biden's child migrant dilemma

A group of undocumented immigrants walk toward a Customs and Border Patrol station after being apprehended. Photo: Sergio Flores/The Washington Post via Getty Images

Fresh internal documents from the Department of Health and Human Services show how quickly the number of child migrants crossing the border is overwhelming the administration's stretched resources.

Driving the news: In the week ending March 1, the Border Patrol referred to HHS custody an average of 321 children per day, according to documents obtained by Axios. That's up from a weekly average of 203 in late January and early February — and just 47 per day during the first week of January.