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Sunday, March 5, 2023

How to fix the economy

8 points to raise us back to 4%+ growth per year—by Larry Kudlow

1.     Extend the Trump tax cuts perpetually adds 1+ % per year by giving certainty to business, incentives to do research, bring business home to USA by lower corp taxes.

2.     Or do modified flat tax +2% per year.

3.     20% cuts in discretionary spending adds 1/3%

4.     Open up oil production and drilling to add 2-3M bbls per day adds 1/3%

5.     Put workfare back into welfare benefits.  People find jobs and add to growth. 1/3%

6.     Repeal most Biden regulations that are killing small businesses adds 1%

7.     Reach M2 goals by Fed policy to bring inflation to 2% adds ½% and much certainty to business.

8.     Index capital gains 1/3%

None of this repeals the green stuff directly but by spending and regulation cuts. 

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