Lawrence Kudlow from Creators Syndicate Creators Syndicate is an international syndication company that represents cartoonists and columnists of the highest caliber. en Mon, 18 Nov 2019 04:25:50 -0800 Lawrence Kudlow from Creators Syndicate 11c177b01e24f0fc0c42752cffb4538d Tariffs Are Taxes for 03/06/2018 Tue, 06 Mar 2018 00:00:00 -0800 <p></p><p>One of the ironies of trade protectionism is that, with tariffs and import quotas, we do to ourselves in times of peace what foreign nations do to us with blockades to keep imports from entering our country in times of war. </p> <p>Or consider that we impose sanctions on U.S. enemies such as North Korea, Russia and Iran because we want them to feel the economic pain of being deprived of imports. But now, we are imposing sanctions on our own country by punishing with tariffs in order to make Americans more prosperous. If ever there were a crisis of logic, this is it. <p>Updated: Tue Mar 06, 2018</p> 6ffce188934e1b866fdf6e50b802a6e1 Trump Needs a Return to King Dollar for 02/17/2018 Sat, 17 Feb 2018 00:00:00 -0800 <p></p><p>The Trump administration and the Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts and Jobs Act ranks in the all-time hall of fame along with former President Reagan's 1981 and 1986 tax acts, and former President Kennedy's posthumous tax cuts in 1964. The announcements by Apple, FedEx, AT&T, Fiat Chrysler and over 300 companies with multibillion dollar investments in the United States are early lead indicators of good things to come from the tax-rate cuts. </p> <p>When this is combined with President Trump's deregulation agenda, we see no reason why the economy cannot grow for a sustained period at 3 to 4 percent growth &#8212; up from 1.6 percent in former President Obama's last year.<p>Updated: Sat Feb 17, 2018</p> 2f5889399306b473b12adad89f71f057 'America First' Triumphs in Davos for 01/30/2018 Tue, 30 Jan 2018 00:00:00 -0800 <p>"America is open for business, and we are competitive once again." That was just one of the key lines in President Trump's highly successful speech in Davos, Switzerland, last week.</p> <p>Of course, in going to Davos, Trump entered the lion's den. A year ago such a visit would have been a poor idea. Back then, elitist heads of state, European Union bureaucrats and international CEOs were uniformly against Donald Trump.</p> <p>But Trump's 2018 Davos strategy was a brilliant stroke.<p>Updated: Tue Jan 30, 2018</p> b1c7b8d2fe0c5c3e1809580e2fa98b7f Bannon Goes Belly up, and the Stock Market Soars for 01/09/2018 Tue, 09 Jan 2018 00:00:00 -0800 <p></p><p>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.</p> <p><span class="column--highlighted-text">Are these two events related? Perhaps more than you might think.</span><p>Updated: Tue Jan 09, 2018</p> 676ac51a40cd0b8522601ba8af62185a 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 <p></p><p>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.</p> <p>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.<p>Updated: Tue Dec 26, 2017</p> 7bf58352a97dec6d2b7060c9fc639717 Republicans' Tax Plan Takes a Quirky Swipe at the Little Guys for 12/12/2017 Tue, 12 Dec 2017 00:00:00 -0800 <p></p><p>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 &#8212; and for some types of long-held assets, fairly substantially.</p> <p>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 &#8212; 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.<p>Updated: Tue Dec 12, 2017</p> 88e2c5a51fcacfb05c441efc908ce058 I'd Vote for It. You Should, Too for 12/05/2017 Tue, 05 Dec 2017 00:00:00 -0800 <p>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.</p> <p>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.</p> <p>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.<p>Updated: Tue Dec 05, 2017</p> 19f046fbbe3735adfb6a68f155ca0b64 A Pro-Growth Tax Bill Is on the Way for 11/11/2017 Sat, 11 Nov 2017 00:00:00 -0800 <p></p><p>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. </p> <p>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.<p>Updated: Sat Nov 11, 2017</p> 6d50e1a9bc2606573835af6fab123f97 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 <p></p><p>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.</p> <p><span class="column--highlighted-text">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.</span><p>Updated: Sat Oct 28, 2017</p> 6be04973aee9c128986580c695cf96e9 Kevin Hassett Spanks the Tax Policy Center for 10/09/2017 Mon, 09 Oct 2017 00:00:00 -0700 <p></p><p>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. </p> <p>When Hassett wasn't pounding the TPC, he was spanking them. He took them to the woodshed, and disciplined them in public view. <p>Updated: Mon Oct 09, 2017</p> 64a2ffc45183383b32bb74dd3dc0bc5c Trump's Incentive-Packed Tax Plan for 10/02/2017 Mon, 02 Oct 2017 00:00:00 -0700 <p></p><p>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.</p> <p>This is Trumpian leadership at its best. <p>Updated: Mon Oct 02, 2017</p> e28a2fc90264b9094e2ae02a1b1d979d Trump Turnaround Puts New Tax-Cut Writing on the Wall for 09/16/2017 Sat, 16 Sep 2017 00:00:00 -0700 <p></p><p>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.</p> <p>Since the Charlottesville blowup in mid August, when the president's fortunes were at low ebb &#8212; and I'll repeat my view that there's not a racist, hateful, white supremacist bone in Trump's body &#8212; 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.<p>Updated: Sat Sep 16, 2017</p> 2e359b6f56c84f0692eeab76463659cc Index Capital Gains for Inflation, Mr. President for 08/12/2017 Sat, 12 Aug 2017 00:00:00 -0700 <p>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 &#8212; which is crucial to the wealth creation &#8212; the president could take matters into his own hands by issuing an executive order to index capital gains for inflation.</p> <p>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 &#8212; as he so often has to drain the swamp &#8212; to remove this prosperity-killing practice.</p> <p>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.<p>Updated: Sat Aug 12, 2017</p> b4de17a872e87253cf9d2306c5dba89c Big Economic Ideas From Art Laffer and Steve Forbes for 07/22/2017 Sat, 22 Jul 2017 00:00:00 -0700 <p></p><p>I participated in perhaps a bit of radio history last week when Steve Forbes and Art Laffer joined me on my syndicated radio show. <span class="column--highlighted-text">It may have been the first time these supply-side economics giants were ever together over the airwaves.</span></p> <p>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&#160;<a href="" target=""></a>.)<p>Updated: Sat Jul 22, 2017</p> 1f9f44f642129b7e9b7cbe65e061dd90 Trump Has Putin Over a Barrel for 07/08/2017 Sat, 08 Jul 2017 00:00:00 -0700 <p></p><p>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.</p> <p>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.<p>Updated: Sat Jul 08, 2017</p> 5701ae61922f36bd1a412e87e4c1ea09 Keeping Freedom and Growth in the Fourth for 07/05/2017 Wed, 05 Jul 2017 00:00:00 -0700 <p></p><p>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.</p> <p>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.<p>Updated: Wed Jul 05, 2017</p> 57fe229b2d636b4a5598bf88d1557511 Steve Scalise, Nancy Pelosi and a Return to Civility for 06/17/2017 Sat, 17 Jun 2017 00:00:00 -0700 <p></p><p>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.</p> <p>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.<p>Updated: Sat Jun 17, 2017</p> 9217c134391f07b16dcf82f5ac6006de Three Easy Pieces: A Simple Get-It-Done-Now Economic Plan for 06/09/2017 Fri, 09 Jun 2017 00:00:00 -0700 <p></p><p>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.</p> <p>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 &#8212; 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.<p>Updated: Fri Jun 09, 2017</p> 62edbdf3582cf9d9b97b5089b618f8f7 President Trump's Growth Budget for 05/30/2017 Tue, 30 May 2017 00:00:00 -0700 <p>When Office of Management and Budget Director Mick Mulvaney unveiled President Trump's new budget, he used language that is so important &#8212; although we haven't heard it in so many years.</p> <p>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.</p> <p>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.<p>Updated: Tue May 30, 2017</p> b31de1bd4801685892af1076e4098358 Don't Bet Against Tax and Health Care Reform in 2017 for 05/20/2017 Sat, 20 May 2017 00:00:00 -0700 <p></p><p>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.</p> <p>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.<p>Updated: Sat May 20, 2017</p>