White House economic adviser Larry Kudlow revised President Trump’s claim that he would abolish the payroll tax if reelected in November, explaining that the plan is to forgive the deferred tax and perhaps extend the cut into next year.
“The payroll tax deferral will be forgiven,” Kudlow said outside the White House on Thursday. “When he says, ‘We’ll terminate it,’ that’s what he is referring to. It will be forgiven.”
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