White House, Hopeful of Republican House Majority, Plans Tax Cut

The White House continues to work on a new tax-cut plan in hope that Republicans will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.

“I am still running a process of Tax Cuts 2.0,” Kudlow said in an interview on CNBC Wednesday. “We’re many months away.”

Kudlow said the plan will be released later in the summer, in time for it to be used by Trump as he campaigns for re-election. Republicans are focusing on an election message that highlights a strong economy and draws comparisons with their Democratic ...