Larry Kudlow makes a good point in his column this week: So is a deal possible? I still think it is. The high end of the budget cuts from the White House and the House GOP possibly could be coupled with a tax deal on repatriation and even future tax reform. After all, economic-growth measures should be crucial in this sputtering economy.
Reducing the corporate-tax wedge and reducing the budget-spending wedge, to quote my friend Arthur Laffer, would provide a tonic for the economy. In other words, a debt deal can still work and promote growth.
And Louis Woodhill warns in his new Tax hikes could make the debt problem tougher to solve and leave everyone poorer.YyvfBr5el4s