Larry discusses recent tax cut proposals by President Trump and Treasury Secretary Besson, especially focusing on 100% bonus depreciation for machinery. Larry interviews Steve Forbes, Chairman and Editor in Chief of Forbes Media, about making tax cuts permanent, enhancing predictability for taxpayers, and the benefits of supply side economics. Forbes advocates for lowering tax brackets and capital gains taxes, emphasizing the economic stimulus and increased revenue from such cuts. He criticizes reliance on CBO revenue estimates and discusses the potential for Congress to reshape budget baselines to support tax policy changes.
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