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 proposed percentage of the tax cut for middle-income Americans mentioned in the text?

When is the tax cut package expected to be released according to Larry Kudlow?

What previous legislation is mentioned in connection with the new tax cut proposal?

What did President Trump say about the timing of the new tax package in relation to the midterm elections?

What was the reason given by President Trump for delaying the tax package announcement?