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Kudlow's Quick Take

Trump Needs a Return to King Dollar
It’s the administration’s missing pillar of prosperity
By By Lawrence Kudlow, Arthur B. Laffer, and Stephen Moore, Feb 21, 2018

The Trump administration and Republicans in Congress have passed one of the best pro-growth tax bills ever. The Tax Cuts and Jobs Act of 2017 makes it to the pro-growth hall of fame along with Ronald Reagan’s 1981 and 1986 tax acts and John F. Kennedy’s posthumous tax cuts of 1964. Announcements of multi-billion dollar investments in the U.S. by more than 300 companies -- including Apple, FedEx, ATT, and Fiat Chrysler -- are lead indicators of good things to come from these tax-rate cuts.

And when you combine this policy action with President Trump’s deregulation agenda, we see no reason why the economy cannot grow for a sustained period at 3 to 4 percent -- well up from the 1.6 percent of President Obama’s last year in office.

But there is a missing pillar of prosperity in the Trump economic agenda...

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