Larry Kudlow

The Republican senator also took issue with the recommendations of the special committee co-chaired by former Sen. Alan Simpson, R-Wyo., and former Clinton White House Chief of Staff Erskine Bowles.

“Simpson-Bowles is not a good template here because it sets up a contest between lowering marginal tax rates and raising the business taxes, that is to say, dividends, capital gains and the estate tax,” he said. “Simpson-Bowles in effect says, you can have lower rates on one side or another, but not both. That’s not good.”     


Larry Kudlow

Lawrence Kudlow is host of CNBC’s “The Kudlow Report,” which airs nightly from 7 p.m. to 8 p.m.