These are all back-of-the-envelope calculations, but I think they tell an important story. And Mitt Romney has brought that story to light, even during the last debate on foreign policy. In that round, Romney borrowed two key thoughts from Ronald Reagan: First, a strong foreign policy to achieve American leadership around the world requires a strong domestic economy. Second, lower marginal tax rates, especially for the middle class, will significantly increase take-home pay, in addition to adding much-needed incentives for the investment and entrepreneurial classes.
I have argued this year that Mitt Romney is the most conservative Republican standard bearer since Reagan. I have also argued that he’s the most underrated politician in the country. Nobody is perfect. Nobody gets it right on everything all the time. But with two weeks to go, Romney is on a roll.
Larry Kudlow is the host of CNBC’s “The Kudlow Report.”