The idea is to lower taxes on America's middle earners in a package dubbed 'Tax Cut 2.0.' Yet one of the early ideas floated — reducing the 22% marginal rate to 15% — could miss the mark.
Reducing the 22% marginal rate to 15% would deliver a $770 million tax cut through 2025, according to an analysis by the Tax Foundation.
In mid-November, Larry Kudlow, Trump's top economic advisor, told CNBC's "Closing Bell" that any plans for a so-called Tax Cuts 2.0 are in the "very preliminary stages right now." — the idea is to lower taxes on America's middle earners in a package dubbed "Tax Cut 2.0." Yet one of the early ideas floated — reducing the 22% marginal rate to 15% — could miss the mark.
"If cutting the rate doesn't really accrue to those folks, then maybe you look at broadening eligibility for refundable tax credits as a more direct route for a middle-class tax cut," Bunn said.
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