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Preview: Lawrence Kudlow from Creators Syndicate

Lawrence Kudlow from Creators Syndicate



Creators Syndicate is an international syndication company that represents cartoonists and columnists of the highest caliber.



Last Build Date: Wed, 17 Jan 2018 07:12:02 -0800

 



Bannon Goes Belly up, and the Stock Market Soars for 01/09/2018

Tue, 09 Jan 2018 00:00:00 -0800

There were two big money-and-politics stories in the first week of the new year: The Dow Jones industrial average soared 577 points, and former White House chief strategist Steve Bannon ended his political career.

Are these two events related? Perhaps more than you might think.

Updated: Tue Jan 09, 2018




With This Tax Cut, Trump and the GOP Are on the Side of the Growth Angels for 12/26/2017

Tue, 26 Dec 2017 00:00:00 -0800

With President Trump's signing of the big tax cut bill, the Republican Party snatched victory from the jaws of defeat. Suddenly, the political and economic landscapes have changed. The GOP has turned the tables on the Democrats.

With the passage of this powerful tax-cut legislation to boost business investment, wages and take-home family pay, Trump and the GOP are on the side of the growth angels. The Democrats, meanwhile, are left with stale class-warfare slogans about tax cuts for the rich.

Updated: Tue Dec 26, 2017




Republicans' Tax Plan Takes a Quirky Swipe at the Little Guys for 12/12/2017

Tue, 12 Dec 2017 00:00:00 -0800

Republicans are supposed to be the party that cuts the job-killing capital gains tax, not raises it. But because of a quirk in the Senate-passed tax bill, the tax on capital gains may go up — and for some types of long-held assets, fairly substantially.

Most members of Congress don't even know of this stealth capital gains hike. Here's the story: At the start of the year, Republicans promised to reverse the near-60 percent rise in the capital gains tax under former President Barack Obama — a hike that helped bring investment rates to historic lows. The GOP plan was to eliminate the Obamacare 3.8 percent investment-tax surcharge on capital gains and dividends?. That repeal never happened. But now, the Senate tax-reform bill proposes to raise several billion over the next decade by changing the rules on how stocks are taxed.

Updated: Tue Dec 12, 2017




I'd Vote for It. You Should, Too for 12/05/2017

Tue, 05 Dec 2017 00:00:00 -0800

Warts and all, if I were a voting member of Congress, I would certainly cast a yea for the tax-cut plans passed by the Senate and House that are headed for conference (to work out minor differences) in the weeks ahead.

These bills are not perfect, especially on the individual side. But the business tax cuts will generate an investment boom in the years ahead. And those cuts will bring economic growth back to its historical norm of 3 to 4 percent.

Incredibly, the Joint Committee on Taxation, or JTC, scored growth for the Senate plan at less than 1 percent. So much for its "dynamic" model. The Tax Foundation estimates 3 to 5 percent growth over the next 10 years. That's more like it, but it's still too low.

Updated: Tue Dec 05, 2017




A Pro-Growth Tax Bill Is on the Way for 11/11/2017

Sat, 11 Nov 2017 00:00:00 -0800

As the House and Senate work their way through the tax cut and reform effort, let me make one thing clear: Both plans are pro-growth, with the economic power coming from the business side. And where it comes from the personal side, there will be very little growth. That was always been the bet.

During the spring and summer of 2016, economist Steve Moore and I, working with Trump campaign officials Steven Mnuchin and Stephen Miller, saw major tax reductions for large and small businesses as the centerpiece of the candidate's tax policy. Whatever Congress came up with on the personal side, so be it.

Updated: Sat Nov 11, 2017




President Trump Needs a Stable Dollar Along With Tax Cuts to Maximize Growth for 10/28/2017

Sat, 28 Oct 2017 00:00:00 -0700

President Trump is likely to name a new Federal Reserve chair over the next few days. Speculation is focused on current Fed governor Jay Powell and Stanford University economist John Taylor. The list may be larger; it could still include current Chair Janet Yellen or Kevin Warsh. Trump is soliciting opinions and advice from people inside and outside government. We will see soon enough.

Unfortunately, so much of the conversation about a new Fed leader is focused on who will be the high-interest-rate hawk or the low-interest-rate dove. But that's not really the way we should be looking at it.

Updated: Sat Oct 28, 2017




Kevin Hassett Spanks the Tax Policy Center for 10/09/2017

Mon, 09 Oct 2017 00:00:00 -0700

President Trump's new chair of the Council of Economic Advisers, Kevin Hassett, walked into the lion's den last week with his first official speech. He used the moment to pound the leftist Tax Policy Center. It was a wonderful sight.

When Hassett wasn't pounding the TPC, he was spanking them. He took them to the woodshed, and disciplined them in public view.

Updated: Mon Oct 09, 2017




Trump's Incentive-Packed Tax Plan for 10/02/2017

Mon, 02 Oct 2017 00:00:00 -0700

Much as he did in his command performance before the United Nations, when he took back control of U.S. foreign policy, President Donald Trump has seized and energized the tax cut issue. Almost daily, he is pounding away on the themes of faster economic growth and more take-home pay, arguing that his plan will make America's economy great again.

This is Trumpian leadership at its best.

Updated: Mon Oct 02, 2017




Trump Turnaround Puts New Tax-Cut Writing on the Wall for 09/16/2017

Sat, 16 Sep 2017 00:00:00 -0700

Financial markets and most media pundits are missing the new writing on the wall. For a variety of reasons surrounding shrewd moves by President Trump, the chances for significant tax cuts in the next 10 weeks have risen sharply.

Since the Charlottesville blowup in mid August, when the president's fortunes were at low ebb — and I'll repeat my view that there's not a racist, hateful, white supremacist bone in Trump's body — we've witnessed a dramatic executive turnaround. Trump beautifully handled the Harvey and Irma emergencies. His bipartisan political pivot to Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi to keep the government open and raise the debt ceiling was clever indeed. As economist Steve Moore puts it, POTUS publicly spanked Republican leaders House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell. And though there's plenty of confusion about immigration reform, it's clear now that 800,000 recipients of the Deferred Action for Childhood Arrivals program won't be deported for at least two years, if ever.

Updated: Sat Sep 16, 2017




Index Capital Gains for Inflation, Mr. President for 08/12/2017

Sat, 12 Aug 2017 00:00:00 -0700

President Donald Trump's pledge to "Make America Great Again" requires nothing less than reigniting economic growth and prosperity. Wealth creation is essential. As Congress pivots to tax reform — which is crucial to the wealth creation — the president could take matters into his own hands by issuing an executive order to index capital gains for inflation.

President Trump's absolute best economic policy so far has been his relentless rampage against onerous, burdensome, costly, prosperity-killing business regulations. And the taxation of inflationary capital gains fits right in there. It is an unfair and misguided policy that punishes risk and success. The president should use his executive authority — as he so often has to drain the swamp — to remove this prosperity-killing practice.

Consider this: You invest $1,000, and after 10 years, you sell that investment for $1,200. But if inflation averaged 2.5 percent in that period, the $1,200 you receive will be worth less in real terms than the $1,000 you invested. And yet, under current law, you will pay a tax on your $200 capital gain.

Updated: Sat Aug 12, 2017




Big Economic Ideas From Art Laffer and Steve Forbes for 07/22/2017

Sat, 22 Jul 2017 00:00:00 -0700

I participated in perhaps a bit of radio history last week when Steve Forbes and Art Laffer joined me on my syndicated radio show. It may have been the first time these supply-side economics giants were ever together over the airwaves.

Forbes, of course, is chairman of Forbes Media, and he twice ran brilliant issue campaigns for president. And Laffer, once a key adviser to President Ronald Reagan, is father to the groundbreaking Laffer Curve, for which he should have won a Nobel prize. In our discussion, they didn't disappoint. (For a full transcript, visit http://c10.nrostatic.com/sites/default/files/kudlow-transcript_20170715.html.)

Updated: Sat Jul 22, 2017




Trump Has Putin Over a Barrel for 07/08/2017

Sat, 08 Jul 2017 00:00:00 -0700

A few years back, in one of his finest moments, Sen. John McCain said on a Sunday talk show, "Russia is a gas station masquerading as a country." It was right when he said it, and it's even more right today.

Russian President Vladimir Putin's circle of corrupt oligarchs gouge whatever money they can from the impoverished Russian economy and move it to bank accounts overseas. And they do this after giving Putin his cut, which he apparently also sends overseas.

Updated: Sat Jul 08, 2017




Keeping Freedom and Growth in the Fourth for 07/05/2017

Wed, 05 Jul 2017 00:00:00 -0700

What is the Fourth of July? It's a wonderful time. We're outdoors. We're with family and friends. We're playing golf or fishing. There are barbecues and baseball games and fireworks and all that good stuff.

And beneath it all, supporting it all, there is freedom. Freedom. The Fourth of July is about freedom, if nothing else. America's freedom, of course. But a freedom that extends to all people. One that leads to greatness and prosperity. A freedom that has become the backbone of the world.

Updated: Wed Jul 05, 2017




Steve Scalise, Nancy Pelosi and a Return to Civility for 06/17/2017

Sat, 17 Jun 2017 00:00:00 -0700

Sometimes terrible tragedies can bring us together, and I'm hopeful that somehow a lasting good will come out of the ballfield shooting in Alexandria, Virginia. And maybe even a rebirth of civility, which has virtually disappeared from politics, and perhaps our culture as well.

Rep. Steve Scalise, who's currently fighting it out in a hospital in Washington, D.C., is an old friend of mine. I watched as he rose through the House ranks to become the majority whip. Like everyone else, I'm praying for his full recovery. He's a wonderful man.

Updated: Sat Jun 17, 2017




Three Easy Pieces: A Simple Get-It-Done-Now Economic Plan for 06/09/2017

Fri, 09 Jun 2017 00:00:00 -0700

Now that former FBI Director James Comey's hearing is complete, it's time for everybody to roll up their sleeves and go back to work on returning the country to prosperity. The most populist policy would be to restore a long-lasting deeply rooted prosperity for every single American.

President Donald Trump cannot let a deluge of distractions disrupt his and the Republican Party's plans for meaningful health care and tax reform. The accusations of Russian collusion, the fallout from the Comey hearing, the left-wing media's daily barrage of anti-Trump propaganda — these are all distractions. And the administration and GOP Congress are in great jeopardy if they get caught up in it and take their eyes of the policy ball.

Updated: Fri Jun 09, 2017




President Trump's Growth Budget for 05/30/2017

Tue, 30 May 2017 00:00:00 -0700

When Office of Management and Budget Director Mick Mulvaney unveiled President Trump's new budget, he used language that is so important — although we haven't heard it in so many years.

To paraphrase Mulvaney, the measure of budget success for the Trump administration is not how much federal assistance is given out but how many people leave government dependency and join the private labor force as full-fledged workers.

The last time I heard a talk like this was over 20 years ago when then-President Bill Clinton teamed with then-House Speaker Newt Gingrich to pass welfare reform. They argued that tighter eligibility, time limits, work search mandates and better training programs would move people from welfare to workfare.

Updated: Tue May 30, 2017




Don't Bet Against Tax and Health Care Reform in 2017 for 05/20/2017

Sat, 20 May 2017 00:00:00 -0700

If the smart money folks on Wall Street think a special counsel to oversee the Russian probes spells defeat for business tax cuts, they're leaning well over their skis.

The Dow Jones industrial average sold off over 300 points on Wednesday, but it may have come back to its senses with a 140-point gain on Friday. And while there's never 100 percent probability in forecasting political risk, it seems the likelihood of health care reform by the summer and tax reform by year's end (or early 2018) is quite high.

Updated: Sat May 20, 2017




Tactical Nuclear Option Inside Reconciliation for 04/11/2017

Tue, 11 Apr 2017 00:00:00 -0700

"Drain the swamp." It was one of President Trump's most powerful messages on the way to victory. Shake up Washington, D.C. Break a few eggs to create a new omelet. Overturn the establishment.

Well, hats off to Senate Majority Leader Mitch McConnell for doing some swamp draining when he exercised the "nuclear option" to overturn the filibuster for a Supreme Court justice confirmation. McConnell busted an old 19th-century rule, which was never in the Constitution, and cleared the path for the confirmation of Judge Neil Gorsuch — who's as good a candidate as can be found. Good for McConnell.

Updated: Tue Apr 11, 2017




Middle-Income Wage Earners Need a W -- Cut Business Taxes First for 04/01/2017

Sat, 01 Apr 2017 00:00:00 -0700

After the breakdown of health care reform, both President Trump and the Republican Congress need a W — a win.

And not just any win but one that will play into the public demand for faster economic growth, better jobs and higher wages. Recent polls show the nexus of growth, jobs and tax cuts vastly outranks health care.

Updated: Sat Apr 01, 2017




To Make the AHCA Better, the GOP Has to Practice Bipartisanship Within Itself for 03/15/2017

Wed, 15 Mar 2017 00:00:00 -0700

The good should never be the evil of the perfect. House Speaker Paul Ryan's health care bill is a very good first step. Massive repeal of Obamacare tax hikes will be great for the economy. Getting rid of the Affordable Care Act mandates will be great for health care. Private-sector competition and choice are always better than government-run anything. The Republican Party has to practice bipartisanship within itself.

All this health care reform stuff makes my head spin. And that's why I'm putting all my conclusions at the top of this piece.

Updated: Wed Mar 15, 2017