With less than one year until the 2020 presidential election, Trump’s top economic advisor Larry Kudlow hinted yesterday at a middle class tax cut, aka “Tax Cuts 2.0.”
President Donald Trump's top economic advisor, Larry Kudlow, hinted at a middle-class tax cut Tuesday as the president searches for an edge in his 2020 reelection bid.
"We're in very preliminary stages right now," Kudlow said in a "Closing Bell" interview, noting that he has spoken to lawmakers and administration officials about a tax proposal. "This thing will not be completed for many months, as I say, it will be released as a strategic pro-growth document for the campaign. We want to see middle-income taxpayers get the lowest possible rates.
The White House has teased middle class tax relief repeatedly since Republicans passed their 2017 tax law. Just before last year's midterm elections, TrumpLarry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the White House in Washington, on Friday, Nov. 1, 2019.Trump aims to reverse the political winds on taxes. Democrats have criticized the GOP changes to the tax code for passing on disproportionate benefits to businesses and the rich.
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