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What businesses need right now is for the government to eliminate regulations and simplify the tax code, Home Depot co-founder Bernie Marcus said Monday.
“I think that this administration is not friendly to business. I don’t mean they’re not friendly. They just don’t understand what makes business work,” he said on CNBC’s “ The Kudlow Report .”
Marcus, who is retired from the building supply chain and now runs his own foundation, proposed a hands-off approach.
“The entrepreneurs who built the free enterprise system, who built the middle market in the United States without government help basically don’t want government help. They want to be left alone. Cut out the regulations. Let them understand what the tax situation’s going to be. Let them understand what Obamacare is going to cost them. And let them go on and create jobs and hire the people who are unemployed,” he said.
In a past CNBC appearance, Marcus made headlines for a scathing critique of the Obama administration, claiming that Democrats are out of touch with the private sector. He also took aim at Republicans — "Some are crazy." — Goldman Sachs and the rest of Wall Street, whose work in derivatives he said has hurt the country.
On Monday, he took a more measured tone.
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