Larry Kudlow on Corporations
KUDLOW: Senator Rick Scott of Florida, very smart guy, made an interesting proposal. He said, look, why don't we take the tariffs from the China trade and turn those back to the taxpayers in the form of tax cuts?
Q: Isn't all that money going to shore up our farmers?
KUDLOW: We've got room to do that as well. Let's let people keep more of what they earn. Let's let them keep more of what they invest. That's the supply side of Laffer Curve. We believe in that.
The problem is that not only have corporate profits not been invested in long-term capital projects, mainly as a result of tax and regulatory uncertainties, but firms are shifting cash overseas to avoid U.S. corporate tax penalties. You hate to see it, but low tax rates around the world attract cash, in this case almost $2 trillion in American corporate cash. Policymakers should encourage the repatriation of this money with a modest 5 percent penalty rate.
|Other candidates on Corporations:||Larry Kudlow on other issues:|
2019 Trump Administration:
Former Obama Administration:
Former Bush Administration:
Pres.:George W. Bush
Former Clinton Administration: