Lawrence Kudlow

Journalist

1947-08-20

Quotes by Lawrence Kudlow

• President Obama always gives lip service to lowering the corporate tax rate, but he never specifies a particular rate or an overall plan.

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• JFK inherited three recessions from the Dwight D. Eisenhower years. And he wound up slashing tax rates across the board, for upper, middle and lower incomes as well as corporate investment. That's Kennedy the Democrat.

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• Reduced marginal tax rates on individuals and business fosters growth every time.

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• Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.

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• Corporate tax reform should include not just large C-corps but also smaller business S-corps and LLC pass-throughs. And nearly as important as cutting business tax rates is the need to simplify the inexplicably opaque and complex system.

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• Trump's corporate tax reform would restore America's position as the most hospitable investment climate in the world. For a change, businesses and their cash would come back home.

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• Tax reform likely will be the first policy action in a Trump administration. A close second will be a thorough repeal and rewrite of Obamacare, restoring a freer market with true consumer choice and competition among providers.

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• In the 1980s and 1990s, radical change in economic policies fostered by Ronald Reagan and Margaret Thatcher put the brakes on government planning and ushered in a new free-market supply-side era and a two-decade boom. That model has been abandoned in the new century. This must be reversed.

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• The biggest flaw in the Trump economic plan is the tilt toward protectionism. I have parted company with him on this. The question here is whether his campaign bark will turn out to be bigger than his government-policy bite.

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• Hillary Clinton would raise taxes on so-called rich people, corporations, capital gains, financial transactions, and inheritance. Has there ever been an example where America has taxed its way into prosperity? Never. Trump has an economic-recovery-and-prosperity plan. Clinton has an austerity-recession plan.

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• New WikiLeaks-provided e-mails from Clinton aide Doug Band reveal the true nature of the Clinton cash operation: No matter what the stated humanitarian goals of the Clinton Foundation, every fiber and sinew of the organization is wrapped in self-dealing, self-enrichment, fraud, and corruption.

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• Wars breed unfairness, just as they breed collateral damage.

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• Let's bring in Donald Trump. He wants to lower taxes across the board for individuals and large and small businesses, significantly reduce burdensome regulations, and unleash America's energy resources.

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• Arthur Laffer has taught us, 'If you tax something, you get less of it.' That's why firms are moving offshore in droves. It's not about being unpatriotic. It's that it doesn't pay, after-tax, to invest in the United States.

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• A long time ago, I watched President Reagan repeat a few simple points about the benefits for everyone of lower taxes, light regulations, and limited government. Successful policies are sold by repetition, not unrelated tangents.

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• I'm going to reveal the grand secret to getting rich by investing. It's a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high.

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• I argued for a wartime moratorium on new visas and new immigrants because of the substantial danger of ISIS terrorists infiltrating our system.

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• After World War II, we awoke to find our wartime ally, Stalin, had emerged as a greater enemy than Germany or Japan. Stalin's empire stretched from the Elbe to the Pacific.

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• The E.U.'s tax and regulatory policies, climate-change and welfare spending, and free immigration even in wartime are gradually ruining Europe. That's why I believe Brexit is good for British freedom, political autonomy, and the survival of democratic capitalism.

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• My crash and burn over drugs and alcohol is very well known; I've never, ever hidden that story. If there are people who would not vote for me because of that history, I understand.

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