Trump said working on 10% cut for the middle class

Kudlow on Fox Business is saying:

  • new tax cuts in planning stages
  • new tax cuts probably after the elections

Congress is on recess until after the election.

Trump said yesterday that he is working on a 10% tax cut for the middle class.

Meanwhile deficits are soaring.

On Friday we get the 3Q GDP with estimates from economist pointing to 3.4% annualized. That is down from 4.2% in the 2Q.