What's the Cure for the Anemic Economy?

The stock market has been in freefall, and the economy has been stagnating for years. What's the cure? It could be as simple as cutting taxes on business.

The latest figures show the economy barely moving in the last three months of 2015, with economic growth for the last quarter of 2015 coming in at just 0.7 percent.

Even though unemployment has fallen, millions of Americans have simply given up looking for work. Those who are working face another problem: their income hasn't been going up much in recent years, either.

What needs to happen to stimulate economic growth in the U.S.? Stephen Moore answers this question and more on CBN Newswatch.

So what's the solution to slow economic growth? Is it more government spending or programs? Or is it something else?

Some economists point to another answer: they say the taxes on American businesses are just too high.

The federal corporate tax rate is 35 percent, which is one of the highest in the world. Even European countries have lower tax rates than the United States has.

Some critics counter that U.S. businesses have tax write offs. But others point to businesses like Burger King and others that have moved their headquarters to other countries to pay lower taxes.

Some of the Republican candidates have plans to cut the business tax rate, and even President Barack Obama has talked about cutting it.

But so far, nothing has happened in Washington. And nothing will, unless the next president, whoever that is, supports it.

The 700 Club's Pat Robertson spoke with economist Stephen Moore on what will revive the ailing U.S. economy. Moore also weighs in on the economic plans of the presidential candidates. Click play to watch. 

Read his most recent column here: Who Has the Fairest Tax Plan of Them All.