He also believes there is too much regulation.
"Every problem Hillary Clinton sees — if you go to her website, she comes up with another government solution, another mandate, another regulation," he said.
Trump unveiled a plan on Thursday for $4.4 trillion in tax cuts, offering less generous tax breaks than his original $10 trillion plan but proposing to cut the current top rate for the wealthiest taxpayers.
In his speech to the Economic Club of New York, Trump predicted his updated package to reduce taxes, curb government regulation and take a tougher stance on negotiating trade agreements would produce annual economic growth of 3.5 percent.
"We've really got potential here to create some jobs and generate some economic growth," Puzder said.
However, David Crane, senior operating officer for Pegasus Capital Advisors and former NRG Energy CEO, said Trump's plan "doesn't make sense."
He's pro-Clinton and particularly likes her focus on renewable energies, calling it the "fastest-growing part of the economy."
Clinton's plan includes investing in clean energy, making the U.S. the world's leading clean energy superpower and creating new jobs. She has also advocated cutting middle-class taxes and rebuilding infrastructure.
— Reuters contributed to this report.