October 22, 2011
WE ARE ALL NEOCONOMISTS NOW:
The GOP Pro-Growth, Flat-Tax Competition (Larry Kudlow, 10/21/11, National Review)[I]nside that Republican contest, the policy pendulum is swinging toward pro-growth, flat-tax reform. A new agenda. With Herman Cain's 9-9-9 plan and the announcement of a Steve Forbes-type flat tax from Gov. Rick Perry, the GOP flat-tax-reform competition is dominating the headline news.
While President Obama stumps for huge tax hikes -- on incomes of $200,000 to the millionaire and billionaire level -- and demoralizes businesses and entrepreneurs with his populist attacks on success and risk-taking, the GOP is fast coming up with a much better idea.
The handwriting is now on the wall. A huge part of the 2012 campaign will be pro-growth tax reform versus "fairness," redistribution, and soak-the-rich. In a stalled-out economy, I'll take the supply-side bet anytime. Pro-growth, flat-tax reform is going to win.
Posted by oj at October 22, 2011 8:24 AM
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