Kudlow Says Trump May Propose Tax Cuts During 2020 Campaign

WASHINGTON, DC - AUGUST 02: White House economic adviser Larry Kudlow speaks to the media about tariffs, following a television interview, on the north lawn of the White House, on August 2, 2019 in Washington, DC. ... WASHINGTON, DC - AUGUST 02: White House economic adviser Larry Kudlow speaks to the media about tariffs, following a television interview, on the north lawn of the White House, on August 2, 2019 in Washington, DC. When pressed during an interview with Fox Business Network if U.S. President Donald Trump would delay tariffs on Chinese goods Kudlow commented, “The president’s not satisfied with the progress on the trade deal”. (Photo by Mark Wilson/Getty Images) MORE LESS
|
August 23, 2019 7:50 a.m.

White House National Economic Council Director Larry Kudlow contradicted President Trump on Thursday evening, suggesting the White House may propose some form of middle class tax cuts while Trump is campaigning for the 2020 reelection.

During an interview with Fox Business Network, Kudlow tried to clean up Trump’s remarks on Wednesday, when he said tax-cuts weren’t being considered.

“You very may well see a new rollout of additional, additional middle-class tax relief and small-business tax relief,” he said. “There is nothing in the near term, that’s what the President was getting at. We believe the economy is quite healthy, we expect some relief on short-term interest rates coming up from the Fed and so forth. But longer run, why not?”

The White House has waffled its message on whether it intends to put forward payroll tax cuts in order to curb a possible recession.

Introducing
The TPM Journalism Fund: A New Way To Support TPM
We're launching the TPM Journalism Fund as an additional way for readers and members to support TPM. Every dollar contributed goes toward:
  • -Hiring More Journalists
  • -Providing free memberships to those who cannot afford them
  • -Supporting independent, non-corporate journalism
Are you experiencing financial hardship?
Apply for a free community-supported membership
Comments
advertisement
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Senior Editor:
Special Projects Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front-End Developer:
Senior Designer:
SPECIAL DEAL FOR PAST TPM MEMBERS
40% OFF AN ANNUAL PRIME MEMBERSHIP
REJOIN FOR JUST $30