White House mulling tax cuts but not to counter weakness -adviser
WASHINGTON, Aug 22 (Reuters) - The Trump administration is
considering a package of tax cuts that could be rolled out
before the 2020 U.S. election as a way to buttress the economy's
long-term growth rate, not as a near-term fix to counter
economic weakness, a top White House adviser said on Thursday.
National Economic Council Director Larry Kudlow told Fox
Business Network that a reduction in payroll taxes - which
President Donald Trump said earlier this week was possible - was
unlikely, but that personal tax rates could be lowered and tax
(Reporting by Mohammad Zargham and David Alexander; Writing by
Tim Ahmann; Editing by Peter Cooney)
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