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 BartiromoTrump lashes out at Fox News after poll shows him trailing Biden Trump complains Fox News is 'doing nothing to help' him get reelected Overnight Defense: Pentagon removes official from key role amid pandemic | Trump hints at bringing more F-35 production to US | Military being prepped to distribute possible vaccine MORE.

Kudlow added that the September goal was set by President TrumpDonald John TrumpTrump marks 'very sad milestone' of 100K coronavirus deaths DOJ: George Floyd death investigation a 'top priority' Lifting our voices — and votes 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.