SPONSORED:

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 KudlowLarry 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 BartiromoDominion lawyer: We haven't ruled out suing Trump, other media outlets What to know about Dominion's legal fight with Fox News Trump on possible Meghan 2024 presidential bid: 'I hope that happens' MORE.

Kudlow added that the September goal was set by President TrumpDonald TrumpBiden administration still seizing land near border despite plans to stop building wall: report Illinois House passes bill that would mandate Asian-American history lessons in schools Overnight Defense: Administration says 'low to moderate confidence' Russia behind Afghanistan troop bounties | 'Low to medium risk' of Russia invading Ukraine in next few weeks | Intelligence leaders face sharp questions during House worldwide threats he 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.