{"id":141824,"date":"2020-02-14T20:20:40","date_gmt":"2020-02-14T20:20:40","guid":{"rendered":"https:\/\/www.bnreport.com\/trump-wants-new-tax-cuts-by-september-2020-kudlow\/"},"modified":"2020-02-14T20:20:40","modified_gmt":"2020-02-14T20:20:40","slug":"trump-wants-new-tax-cuts-by-september-2020-kudlow","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/trump-wants-new-tax-cuts-by-september-2020-kudlow\/","title":{"rendered":"Trump Wants New Tax Cuts by September 2020: Kudlow"},"content":{"rendered":"

President Donald Trump wants new tax cuts by September, economic adviser Larry Kudlow said.<\/p>\n

The package could center around 10 percent tax cuts for the middle class, Kudlow, the national economic director, said during an appearance on Fox Business \u201cMaria Bartiromos Wall Street \u201d late Thursday. The administration also wants to make other tax cuts permanent.<\/p>\n

Kudlow said administration officials will probably use Office of Management and Budget Director Russell Voughts $1.4 trillion budget request to craft the new package, dubbed \u201ctax cuts 2.0.\u201d<\/p>\n

The package containing the fresh round of cuts will come out sometime in September, according to Kudlow.<\/p>\n

In a recent meeting, the director recounted, Trump looked at him and said, \u201cLets get it out by September.\u201d<\/p>\n

Trump has said multiple times that he wants another round of tax cuts passed sometime in 2020. In Baltimore last September<\/a>, he told House Republicans that officials were working on a tax cut for \u201cmiddle-income\u201d people.<\/p>\n

\u201cWell be announcing it some time in the next year, but itll be a very, very substantial tax cut for middle-income folks who work so hard,\u201d he said.<\/p>\n

\"trump
\"trump<\/figcaption><\/a> President Donald Trump speaks to reporters during a meeting with President of the Republic of Ecuador Len\u00edn Moreno, in the Oval Office at the White House in Washington on Feb. 12, 2020. (Mark Wilson\/Getty Images)<\/figure>\n

Two months later, Trump spoke again of the planned tax cut but said it was dependent on the GOP winning back the House of Representatives, which is currently controlled by Democrats.<\/p>\n

Kudlow said that same week during an appearance on CNBC that that tax cuts would be \u201cstrategic,\u201d \u201cpro-growth,\u201d and aimed at getting middle-income Americans \u201cthe lowest possible rates.\u201d<\/p>\n

Trumps <\/a><\/p>\n

The Epoch Times<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump wants new tax cuts by September, economic adviser Larry Kudlow said.<\/p>\n

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