Axios, June 23, 2020: Larry Kudlow fights statistics on black-white wealth gap
Why it matters: In an interview with “Axios on HBO,” President Trump’s top economic adviser told Axios’ Jonathan Swan that different measures of wealth suggest there has been progress — meaning the advice Trump is getting is out of sync with the conclusion of recent studies.
- “I will not deny there’s a significant wealth gap. I will deny that is not closing. I believe it is,” Kudlow said.
- Kudlow also acknowledged he was surprised “to some extent” by the inequities revealed by the coronavirus — including that African Americans were dying of the coronavirus at twice the rate of White Americans, and that Black-owned small businesses have been shuttering at twice the rate of White-owned small businesses.
