Lawrence Kudlow on Cutting the Corporate Tax Rate
January 8, 2008
An Investor’s Business Daily editorial by Lawrence Kudlow yesterday discussed the “Goldilocks economy” and Kudlow’s proposal for “perk[ing] up the slowdown.” Among his suggestions was a corporate tax rate cut:
Right now, the single best thing President Bush and Congress can do is slash the corporate tax rate for large and small businesses. Bush must reach out to Charlie Rangel and move the corporate tax to 25% from 35%.
Then, instead of taxing successful capitalists as an offset, Congress can entirely abolish corporate-tax subsidy loopholes, special provisions and other corruption-inducing K-Street earmarks.
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