Let’s try the Line Item Veto lite

In the WSJ, Kimberly Strassel urges Trump to use the Impoundment Act of 1974 to cut the recent $1.3 trillion omnibus spending bill.  This act was used by Reagan, with total savings of $25 billion.  It’s a soft version of the line-item veto.

This is a fabulous idea.  The cuts achieved might be small, but they’re a demonstration  of the effectiveness of the LIV.

The items chosen for cuts should be the most outrageous examples of waste.  They can be used to show what a real line-item veto could accomplish.  You want to see how LIV would work?  Here it is.

Let’s hope someone in the White House  —  Larry Kudlow  –is paying attention.

 

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