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Catherine Rampell: The problems with Larry Kudlow’s latest tax plan

Washington • Leave it to the Trump administration to push the worst possible way to either stimulate the economy or help the middle class.

Depending on the day (or hour), President Trump either is or isn't worried about the risk of recession. He either is or isn't contemplating ways to stave off such a risk through tax cuts. He either is or isn't contemplating payroll tax cuts specifically.

And he has similarly vacillated on proposals to reduce capital gains taxes. Last Tuesday afternoon, he said he "would love to do something on capital gains"; less than 24 hours later, he told reporters, "I don't want to do that.