For the Republicans, the sooner they can get out from under this mess, and move on to tax, spending and entitlement reform, the better off they'll be. And for heaven's sake, let's finally cut the corporate tax rate. But for now, it's time for a strategic retreat, as the economy teeters over the cliff.
One final thought: In a post Jan. 1 scenario, after Washington has temporarily gone over the cliff and all the tax rates have gone up, any bill that restores the Bush tax cuts actually becomes a bill to cut tax rates, not raise them or stop them from rising. That's a much better dynamic for the GOP's strategic retreat.
But alas, real reforms for taxes, spending and entitlements, and real fiscal solvency, and real economic-growth prosperity, still seem very far away.
To find out more about Lawrence Kudlow and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate web page at www.creators.com.
COPYRIGHT 2012 CREATORS.COM
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 22nd, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for December 19th, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 17th, 2014 | John Ransom