The White House is holding talks about a 2nd round of tax cuts to announce during the 2020 Presidential campaign, President Donald Trump’s top economic aide Larry Kudlow said Friday.
“There’s nothing formal in the process, I don’t have any details,” Mr. Kudlow said in a TV interview. “But we would like to see some middle class tax cuts.”
He said the plan will be released next year, in time to be a campaign issue ahead of the 2020 election.
Republicans will run on the message of a strong economy and draw comparisons with their Democratic rivals who are proposing tax increases to pay for expanded government services.
The Trump Administration is getting guidance from Representative Kevin Brady, the Top Republican on the House Ways and Means Committee who helped pass the 2017 tax cuts, which slashed the corporate tax rate to 21% and cut individual taxes. The White House plans to talk to members of the Senate, he said.
Republican leaders say they support the idea of more tax cuts, but they have not said what a plan would look like.
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