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WH Kudlow: New tax cuts in the planning stages


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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. 
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