LARRY KUDLOW: Think Reagan-Trump, not Nixon-Ford on tax cuts bill

The majority leader of the Senate John Thun has set a final date on April 11 to obtain a final agreement between the Republics of the House of Representatives and the Senate regarding the budget decision that will form the backbone of the draft law “one, large, beautiful, beautiful”.

Let’s hope it is right. Let’s hope that both councils will meet on the deadline. There is a lot of work to do it.

It has become familiar with some conservatives to beat Republicans in the Senate because of their slow.

Perhaps, but Mike Crabo, Chairman of the Senate Finance Committee, is working hard on a “big, beautiful” bill.

Many Senate members translate Elon Musk’s budget savings into at least one and possibly more cancellation packages that will retract spending mainly by tearing the check mainly.

There is a budget package for the border, deportation, energy repair, and military increases. It should not be very difficult to patch Mr. Krabo’s tax plan on it.

However, the house has a lot of work to do it too.

It is a miracle, Mike Johnson spokesman got a budget, and I am happy because he drew the first blood.

But there are a lot of problems in solving the home budget.

For anyone, it does not make Trump’s tax cuts permanent.

For another, the current political foundation line of Senator Krabo does not include a accounting device that makes tax cuts permanently based on a neutral impotence. It was used by former President Barack Obama due to the permanent tax cuts that do not need to be reformulated every few years.

Instead, the house produced a way to reach spending cuts and tax discounts. This is a big mistake.

It reminds me of the years before the quarter, when the Republicans in Nixon Ford have always waited to reduce the deficit before lowering taxes. Since they do not reduce deficit or spending, they are never less taxes.

Fortunately, Reagan broke that high -tax doctrine.

But some Republicans in the House of Representatives have returned to the trap of taxes.

Another problem for the Senate and Republicans in the Senate is providing Trump’s 2.0 tax discounts, because the current foundation line of policy applies only to Trump 1.0 tax cuts.

Tax-exempt, additional work, social security advantages, 15 % of “America” ​​reduce corporate tax, and a 100 % reactionary expenditures for factories-these are all wonderful new policies, but they do not fall under this rule.

You can all put them in one invoice. But this remains to see.

This will require some of the main dynamic growth registration in the league to calculate the growth of Lavir curve revenue from the width side.

In other words, both Republican councils are still a long stone’s goal from a boom with a tax -paid blue wolves.

However, with the spirit of Ronald Reagan, Donald Trump saw the deal.