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Larry Kudlow discusses low oil prices and the value added tax


*Larry Kudlow says that while low oil prices could have some negative short term impacts (ex. junk bond market), in the medium and long term it will be an economic benefit. We do not need to “boost” oil prices.

*Larry Kudlow explains how high taxes drove GE out of Connecticut.

*Larry Kudlow believes the VAT is not transparent and could lead to bigger government.

*Stephen Moore points out that Rand Paul and Ted Cruz’s business excise tax allows for immediate expensing, and other revenue streams (including payroll taxes and corporate taxes) are eliminated.

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