As the U.S. House of Representatives and Senate work their way through the tax-cut-and-reform effort, let me make one thing clear: Both plans are pro-growth where the economic power comes from the business side. And where it comes from the personal side, there will be very little growth. That was always the bet. 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. So one way or another — even with the glitches and differences between the House and Senate tax plans — Congress will come up with a significant pro-growth bill, because business tax cuts are still the centerpiece. And they should do it this year. Last Tuesday, I spoke at the Senate Republican breakfast in Washington, and the whole leadership was there. What I observed was a total commitment among the GOP senators to get a tax bill through by year-end: This will not be another health-care breakdown. Particularly after recent GOP electoral setbacks, the party knows… Read full this story
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Larry Kudlow: A pro-growth GOP tax cut is on the way — this year have 325 words, post on www.cnbc.com at November 11, 2017. This is cached page on IT Breaking News. If you want remove this page, please contact us.