Trump said working on 10% cut for the middle class
Kudlow on Fox Business is saying:
- new tax cuts in planning stages
- new tax cuts probably after the elections
Congress is on recess until after the election. Trump said yesterday that he is working on a 10% tax cut for the middle class. Meanwhile deficits are soaring.
On Friday we get the 3Q GDP with estimates from economist pointing to 3.4% annualized. That is down from 4.2% in the 2Q.