Economics
Americans May Get Permanent Tax Cut in ‘Phase Two,’ Kudlow Says
- Trump refers again to need for second round of tax changes
- Incoming adviser says he’d like to see capital gains rate cut
Larry Kudlow
Photographer: Richard Drew/AP Photo
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Tax cuts for individuals should be made permanent under ‘phase two’ of an overhaul, according to Larry Kudlow, the incoming White House economic adviser.
“Individuals deserve a permanent break,” Kudlow said on CNBC Wednesday following President Donald Trump’s comments that a second phase of tax changes would be coming. Kudlow said he didn’t expect a phase two to cut the corporate rate further.