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IPFS News Link • TAXES: Federal

Debt Eruption Coming:

• by Tyler Durden

Shortly after Charlie Gasparino tweeted that the Trump admin is "mulling an election-year fiscal stimulus as part of budget proposal" and which may "include a payroll tax reduction, and increase in earned income tax credit"...

... Larry Kudlow spoke on CNBC confirming that the White House indeed plans to unveil a plan for additional tax cuts later in 2020.

"I am still running a process of Tax Cuts 2.0. We're many months away – it'll come out something later during the campaign," Kudlow told CNBC. "Tax Cuts 2.0 to help middle-class economic growth: That's still our goal."

"I had a tremendous meeting with my friend Kevin Brady, who will undoubtedly be the new chairman of the House Ways and Means Committee," he added. "But we will unveil this perhaps sometimes later in the summer."