NEC Director Says New Tax Cuts Will Likely Roll Out By September

The transcript discusses the U.S. administration's plan for 'Tax Cuts 2.0', which includes a 10% tax cut for middle-income Americans. Larry Kudlow, National Economic Council Director, mentioned that the package is expected to be released in September, following a meeting with President Trump. The idea of a second phase of tax cuts was initially introduced by Trump after the 2017 tax cuts and JOBS Act, but details have been sparse. In 2018, Trump suggested a new tax package would be revealed before the midterm elections, but later retracted, citing insufficient time for Congress to vote, postponing it until after the elections.

What is the main feature of the tax cuts 2.0 plan?

• A 5% tax cut for all Americans

• A 10% tax cut for middle-income Americans

• A 15% tax cut for high-income Americans

• A 20% tax cut for corporations

When is the tax cuts 2.0 package expected to be released?

• In August

• In October

• In July

• In September

Who was involved in setting the timeline for the tax cut plan?

• The Speaker of the House

• The National Economic Council Director

• The Secretary of State

• The Vice President

What was the initial timing for unveiling the new tax package according to President Trump?

• At the end of the year

• During the summer

• After the presidential elections

• Before the midterm elections

Why was the release of the new tax package delayed according to President Trump?

• International trade issues

• Economic downturn

• Insufficient time for Congress to vote

• Lack of support from Congress