Trump ping pongs on payroll tax cuts and now claims the White House isn't considering them ... [View all]
Source: Business Insider
... a day after he said they were on the table
President Donald Trump said on Wednesday he isn't considering payroll tax cuts to juice the economy with extra consumer cash, only a day after he said they were on the table.
Trump told reporters at the White House that cutting payroll taxes wasn't necessary given the American economy's strength and downplayed fears of a recession.
"I'm not looking at a tax cut now," he said. "We don't need it. We have a strong economy."
The Trump administration has struggled keeping its economic message straight in recent days. Trump had said on Tuesday that temporarily reducing the payroll tax was among the options the administration considered to bolster the economy, along with a change to capital gains taxes which would benefit investors.
Read more: https://www.businessinsider.com/trump-ping-pongs-payroll-tax-cuts-economy-2019-8?r=US&IR=T
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