Kudlow: Trump Releasing 2nd Round Tax Cuts Right Before Election


Whoever the Democrats nominate for president is going to have a tough time defeating President Donald Trump and his strong economy.

And the road is about to get even tougher for the Dems as the president is preparing for what the administration calls ” Tax Cuts 2.0.”

National Economic Council Director Larry Kudlow told Fox Business Network anchor Maria Bartiromo last week that when he met with the president, he was told to have the “Tax Cuts 2.0” prepared by September, Fox Business News reported Friday.

Kudlow told Bartiromo that the middle class would receive a 10 percent tax cut and some previous cuts would be made permanent with the legislation.

It will likely be a campaign issue that the president uses to fuel his re-election as it is doubtful that the Democrat-controlled House would give him a major victory like that two months before voters go to the polls.

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“We’d love to have a 10 percent middle-class tax cut, and we would love to strengthen and make permanent some of the other tax cuts,” Kudlow said, Fox Business News reported.

“In the meeting in the Oval [Office] two days ago, he looked at me and he said ‘let’s get it out by September,'” Kudlow said.

A week before Kudlow made his remarks, Vice President Mike Pence also referenced a new round of tax cuts when he spoke to Fox Business Network host Stuart Varney.

“It’s one of the reasons why we will focus so much attention on making sure not only do we get President Donald Trump four more years in this White House, but we will make sure that we re-elect a Republican Senate and elect a Republican House of Representatives,” he said.

Does Trump deserve credit for the current solid economy?

Trump’s opponents on the Democratic side could not have made the contrast any starker as just about all of them have vowed to raise taxes.

During a Democratic presidential primary debate in June, for example, Vermont Sen. Bernie Sanders took the step of admitting he would raise taxes on the middle class if he was elected president.

“Yes, they will pay more in taxes, but less in health care than what they pay now,” the democrat socialist senator said.

“We have a new vision for America,” he said, “under that system, by the way, the vast majority of the people in this country will be paying less than they do right now.”

Yeah, we have seen his new vision at work in places like Cuba and Venezuela and it seems to always involve making everyone poorer.

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Massachusetts Sen. Elizabeth Warren’s tax plan would raise taxes to the point where some people would pay a rate of more than 100 percent, the Wall Street Journal reported.

A vote for Democrats is, and has always been, a vote to raise taxes. And doing it now would bring to a halt the roaring Trump economy, which has defied the many, many predictions that the Trump presidency was going to make life worse for millions of Americans.

It is a mistake that voters should not make, even when being enticed by the promise of “free” things that are never truly free.

The siren song may call, but beware of the economy-crushing monster that it brings.

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Carmine Sabia is a political pundit, editor and writer and has been featured on various television and radio programs. He is a former professional wrestling promoter and real estate investor.
Carmine Sabia is a political pundit, editor and writer and has been featured on various television and radio programs. He is a former professional wrestling promoter and real estate investor.


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