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October 27, 2014

Immediate Actions the GOP Majorities Should Take

Lawrence Kudlow: “Let me weigh in on the first two bills that the GOP should put on Obama’s desk. The Republicans should start with energy by legislating a Keystone Pipeline Authorization Act (this is how the Alaska pipeline was approved in 1979), and include energy reforms that would open federal lands to development and drilling and remove all restrictions to energy exports. More energy supply means lower energy prices and more overall economic growth. Everybody benefits. Who loses? Our enemy Vladimir Putin and his client state Iran. And if Obama kowtows again to the left-wing enviros, so be it. It’s a 2016 GOP agenda item. Second would be a business tax-reform plan that would slash the corporate tax rate to 20 percent, stop the double taxation of foreign profits and allow small business S-corps (including unborn start-ups, which are America’s real job creators) to take advantage of the new lower corporate tax rate. This tax cut should also be scored with a reality-based economic-feedback model. But the key here is that the GOP regains its footing as the party of optimism and growth. A new Republican Congress should message that they’re tired of obsessing about Obama’s mistakes. Everybody knows about those. The trick now is to focus on solutions. On change. On saying, ‘We can do this. We can fix this.’ Harking back to Ronald Reagan, Republicans should also remind everyone that a nation that’s strong at home is one that becomes strong abroad. Not only can we put people back to work in the U.S., with real take-home pay, but a new recovery will gather new respect from our allies, and new fear from our enemies.”

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