Kudlow opposes estate taxes, as well as taxes on dividends and capital gains. He also advocates that employees be compelled to make greater contributions to their pension and medical costs, suggesting that these expenses are an undue burden on businesses and defends high executive compensation as a manifestation of market forces and opposes most forms of government regulation.
Source: Wikipedia - http://en.wikipedia.org/wiki/Lawrence_Kudlow
This was economic prediction prior to "The Great Recession" -
Kudlow firmly denied that U.S. would enter a recession (in 2007) or that the U.S. was in recession (in early and mid 2008). In December, 2007 he wrote: "The recession debate is over. It's not gonna happen. Time to move on. At a bare minimum, we are looking at Goldilocks 2.0. (And that's a minimum). The Bush boom is alive and well. It's finishing up its sixth splendid year with many more years to come".[11] In May, 2008 he wrote:"President George W. Bush may turn out to be the top economic forecaster in the country" in his "R" is for "Right".[12]
He couldn't have been more wrong.
