Kudlow: New tax cuts will 'probably come out sometime in September'

Kudlow: New tax cuts will 'probably come out sometime in September'
© Greg Nash

National Economic Council Director Larry KudlowLawrence (Larry) Alan KudlowMORE on Friday said that the White House hopes to introduce new middle-class tax cuts by the fall.

"It'll probably come out sometime in September," Kudlow told Fox Business's Maria BartiromoMaria Sara BartiromoDoug Collins not interested in national intelligence role despite Trump interest Kudlow: New tax cuts will 'probably come out sometime in September' Bannon says Democrats won't stop effort to impeach Trump MORE.

Kudlow added that the September goal was set by President TrumpDonald John TrumpWinners and losers from the South Carolina debate Five takeaways from the Democratic debate Democrats duke it out in most negative debate so far MORE in a recent Oval Office meeting, ahead of November's presidential election.

In addition to the new 10 percent tax cuts for the middle class, Kudlow said that Trump wants to strengthen and solidify "some of the other tax cuts."

Many of the tax cuts that the administration introduced in the Tax Cuts and Jobs Act of 2017 expire in 2025.