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

[brooklynite]

Source: The Hill

National Economic Council Director Larry Kudlow 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' Maria Bartiromo.

Kudlow added that the September goal was set by President Trump 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."

Read more: https://thehill.com/policy/finance/domestic-taxes/483087-kudlow-new-tax-cuts-will-probably-come-out-sometime-in

[The Velveteen Ocelot]

1. What a coincidence.

[lagomorph777]

2. Yeah, sorry, voters didn't fall for it last time, and certainly won't this time.

We're still angry about the previous Trump/GOP tax hike.

[bucolic_frolic]

3. I got rid of the Federal Government for you, here's $10

as we bathe in corruption, pollution, poisons, smog, and slime

[unblock]

4. did i say 10 per cent? oh, i meant 10 cent per. here's your dime! don't spend it all in one place!

[rickyhall]

5. Another bucket of dirt on the grave of the USA.

[turbinetree]

6. Hey Kudlow, may be just maybe you should go back and re-read the 2017 tax scam................

middle class tax payers rates increase over the duration of the 2017 scam.......................how does that square with this scam your boss and your treasonous enablers and corporations are trying to concoct now.................why do you and him want to cut the social safety net programs.................................because your 2017 tax scam is failure for the "middle class'...................asshole....................

Are you gong to let taxpayers with homes deduct there full property taxes and mortgages.......................

[lagomorph777]

12. The 2017 tax hike is a resounding success

for the bilionaire class.

Not so much for the other 99.9% of us.

[groundloop]

7. Followed closely by cuts to Medicaid, Medicare, Social Security, infrastructure spending, etc. etc.

And our social safety net is NOT A FUCKING ENTITLEMENT, I've been paying into social security for over 40 years. Now that I'm at a point where I need to take advantage of it (thanks to a greedy corporation cutting jobs) this bastard who's occupying the White House is attempting to wreck that for me as well.

[IronLionZion]

8. They can cut Social Security and Medicare to pay for it

enjoy those extra $10.

[JohnnyRingo]

9. That's one way to fix the deficit.

Not.

It'll be a better way to sabotage the economy for the next president and force the democrats to "raise your taxes".

[groundloop]

18. Yep, those damned tax and spend Democrats

I shouldn't really need the thing but I'll include it just in case.

Yes, that's exactly what has been happening since Rayguns, gopers screw up the economy, Democrats fix it, people forget how fucked up the economy was and elect another goper...... repeat.

[beachbumbob]

10. trump/gop attempt to bribe the middleclass and force democrats to go along with busting the budget

even more or democrats stand against the taxcuts.

What democrats SHOULD do is accept trumps taxcuts and then double down with even more "give aways" perhaps in a form of $500 of $1000 one time check to each Social Security precipitant. Bust budget even MORE,

let GOP/Trump go along or deny.


this is called strategy.

[lagomorph777]

13. Bribe the middle class? By hiking our taxes?

It was only a "cut" for billionaires. For most of us who do any of these things:
Live in a state with taxes
Pay a mortgage
Have medical bills
Donate to charities

It's a tax HIKE.

[beachbumbob]

14. will be a directed taxcut to middleclass, make no mistake about the intent to have democrats

say, WTF, you will blow up the deficit even more. Trump and GOP counting on Pelosi to NOT go along with any tax cuts to middleclass because of more deficits

[lagomorph777]

15. Yeah, they made that claim the last time. We discovered quickly that it was a lie.

It was a directed tax cut, aimed only at billionaires.

[NCjack]

11. Larry, are you doping again? Check the composition of the House

and its Speaker. Trump bullshit tax cuts are over.

[ScratchCat]

16. No, "that's the plan"

Wait until a month before the election, propose "Middle Class Tax Cuts", and then campaign against Democrats who will obviously not pass the legislation as "being against YOU!!". Its so transparent, its ridiculous.

[NCjack]

17. Ah! Yes -- that is their plan. Makes sense. nt

[groundloop]

19. And of course the other part of their plan is to kill Social Security, Medicare, and Medicaid.....

privatize the Post Office. and give away more of the people's property to corporations

[onenote]

20. And the Democratic strategy in the House should be clear

Take the administration's middle class tax cut and amend it to add a roll back of the tax cuts on the wealthy. Then pass it over the no votes of Republicans and send it to Senate where McConnell will let it die even though it contains a tax cut for the middle class.

The difference between now and 2017 is that in 2017 we didn't have a majority in the House so we couldn't do much to stop the Trump tax giveaway. Now we can say we're offering a tax cut to the middle class and also trying to prevent even greater deficits by rolling back the cuts for the wealthy.

[lonely bird]

21. New unsustainable deficits coming this fall

More deficits which, of course, counters Trump’s claim of a great economy, coming to damage the economy when it enters recession.

Republicans are a cancer.