Tags: | Exclusive Interviews | Steve Malzberg Show | Larry Kudlow | GOP | midterm | sweep

Kudlow: Manchin, Angus King, May Join GOP If They Win Senate

Wednesday, 29 Oct 2014 06:14 PM

The Republican Party is cruising toward a huge victory in the Senate next week, and plans to barrage the White House with legislation once it controls both houses, CNBC senior contributor and noted economist Larry Kudlow says.

"One of the reasons the Republicans are going to win big is the Democrats don't have a message and they don't have a track record," Kudlow said Wednesday on "The Steve Malzberg Show" on Newsmax TV.

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"In talking to senators, what I hear is that they are going to put a whole bunch of bills on Obama's desk and it's going to happen fast. Obama's head is going to spin and he may have to even give up his golf game for a while."

Kudlow accused the commander-in-chief of hiding behind Senate Majority Leader Harry Reid.

"Reid won't let any votes in the U.S. Senate, he just won't. This idea that the Republicans are blocking legislative work is nonsense," he said. "Republicans are passing bills in the House, they're pushing them over into the Senate, but [Senate Minority Leader] Mitch McConnell can't get a vote if the majority won't vote. Now all that is going to change.

"McConnell will move these votes and they will pass and they're going to be put on Obama's desk. From what I hear, the first one is probably going to be Keystone, the pipeline, and added to that is the big energy package. It'll be a Keystone pipeline authorization bill."

He said Congress also plans to open federal lands to further drilling and fracking and eliminate export restrictions.

"All of that would enhance the boom of energy, which has been the backbone of the economy. That's going to be number one and I hear number two, it's going to be corporate tax cut. A big corporate tax cut," he said.

"Stop the double taxing of overseas profits, drop the rate to 20 percent, let small-businessmen and small-businesswomen pay the new, lower corporate tax . . . That's the kind of real incentive stimulus to get this 2 percent economy up to 4 percent"

Kudlow, host of the nationally syndicated program "The Larry Kudlow Show" on Cumulus Radio, accused Obama of "fencing around" on the corporate tax.

"What he really wants to do is take deductions away from companies so he can raise a trillion dollars in revenues to increase spending," Kudlow said.

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If Obama ends up vetoing bills passed by both GOP-controlled houses, it could affect Democrats, including Hillary Clinton, in the 2016 presidential election, Kudlow said.

"If he signs the bills, then he might co-op some important issues, but I don't think he will. Therefore, that sets up the debate."

Also on Wednesday, Kudlow told host Steve Malzberg that two influential senators — one Democrat and one independent — may switch parties and become Republicans should the GOP take the Senate.

"What I'm hearing first of all is [Democrat] Joe Manchin of West Virginia — who may as well be a Republican, his voting record is conservative — he's going to switch parties, and the surprise perhaps is Angus King, the independent senator from Maine. He has been caucusing with Democrats, but I'm also told he is likely to switch over."

Manchin previously served as governor of West Virginia from 2005 to 2010. Earlier, he was West Virginia's secretary of state from 2001 to 2005.

Manchin won a special election in 2010 to fill the seat of Sen. Robert Byrd, who died in office.

King served as governor of Maine from 1995 to 2003. He won the 2012 Senate election to replace retiring Republican Olympia Snowe.

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The Republican Party is cruising toward a huge victory in the Senate next week, and plans to barrage the White House with legislation once it controls both houses, CNBC senior contributor and noted economist Larry Kudlow says.
Larry Kudlow, GOP, midterm, sweep
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2014-14-29
Wednesday, 29 Oct 2014 06:14 PM
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