White House economic adviser Larry Kudlow said Thursday that President Donald Trump may unveil new tax cuts before the 2020 presidential election.
“You might even see tax cuts 2.0, which would drive additional tax relief and create additional tax incentives for middle-class folks, for blue-collar workers for small businesses . . . and you might see that during the campaign.”
In an interview on the Fox Business show “Bulls & Bears,” Kudlow said that while Trump said Wednesday he wasn’t currently looking at any tax cuts, that doesn’t mean they’re off the table.
“What he was referring to was something immediate or urgent or you know, anti-recession, we just don’t buy that scenario,” Kudlow said.
‘There is nothing in the near term,” Kudlow said, citing a ”quite healthy” economy. “But longer run, why not?”