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.

Latest News
Comments are now Members-Only

Non-members are still able to read comments, but will no longer be able to participate. To join the conversation, sign up now and get:

30% Off Annual Prime Membership

TPM strives to build as inclusive a community as financially possible. We offer FREE memberships to those experiencing financial hardship and FREE memberships for students.

View all options
Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: