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Kudlow: New tax cuts will 'probably come out sometime in September'


National Economic Council Director Larry KudlowLawrence (Larry) Alan KudlowMORE on Friday said that the White House hopes to introduce new middle-class tax cuts by the fall.

“It’ll probably come out sometime in September,” Kudlow told Fox Business’s Maria BartiromoMaria Sara BartiromoKudlow: New tax cuts will ‘probably come out sometime in September’ Bannon says Democrats won’t stop effort to impeach Trump Trump asks ‘what the hell has happened’ to Fox News after interview with Democratic senator MORE.

Kudlow added that the September goal was set by President TrumpDonald John TrumpTrump declares war on hardworking Americans with new budget request Avenatti found guilty in Nike extortion trial First, we’ll neuter all the judges MORE in a recent Oval Office meeting, ahead of November’s presidential election.

In addition to the new 10 percent tax cuts for the middle class, Kudlow said that Trump wants to strengthen and solidify “some of the other tax cuts.”

Many of the tax cuts that the administration introduced in the Tax Cuts and Jobs Act of 2017 expire in 2025.



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