President Donald Trump's pledge to "Make America Great Again" requires nothing less than reigniting economic growth and prosperity. Wealth creation is essential. As Congress pivots to tax reform -- which is crucial to the wealth creation -- the president could take matters into his own hands by issuing an executive order to index capital gains for inflation.
I participated in perhaps a bit of radio history last week when Steve Forbes and Art Laffer joined me on my syndicated radio show. It may have been the first time these supply-side economics giants were ever together over the airwaves.
What is the Fourth of July? It's a wonderful time. We're outdoors. We're with family and friends. We're playing golf or fishing. There are barbecues and baseball games and fireworks and all that good stuff.
And beneath it all, supporting it all, there is freedom. Freedom. The Fourth of July is about freedom, if nothing else. America's freedom, of course. But a freedom that extends to all people. One that leads to greatness and prosperity. A freedom that has become the backbone of the world.
Now that former FBI Director James Comey's hearing is complete, it's time for everybody to roll up their sleeves and go back to work on returning the country to prosperity. The most populist policy would be to restore a long-lasting deeply rooted prosperity for every single American.
If the smart money folks on Wall Street think a special counsel to oversee the Russian probes spells defeat for business tax cuts, they're leaning well over their skis.
"Drain the swamp." It was one of President Trump's most powerful messages on the way to victory. Shake up Washington, D.C. Break a few eggs to create a new omelet. Overturn the establishment.
After the breakdown of health care reform, both President Trump and the Republican Congress need a W -- a win.
The good should never be the evil of the perfect. House Speaker Paul Ryan's health care bill is a very good first step. Massive repeal of Obamacare tax hikes will be great for the economy. Getting rid of the Affordable Care Act mandates will be great for health care. Private-sector competition and choice are always better than government-run anything. The Republican Party has to practice bipartisanship within itself.
The mark of great presidents is optimism -- visionary optimism and transformational optimism. During Tuesday night's remarkable speech before Congress, President Donald Trump was brimming with optimism from start to end. My guess is that his marvelous speech will imbue and inspire new optimism and confidence throughout the entire country.
Virtually the whole world is beating up on the Trump administration for daring to predict that low marginal tax rates, regulatory rollbacks and the repeal of Obamacare will generate 3 to 3.5 percent economic growth in the years ahead.