From WSJOpinion: Trump does want to give the economy a policy boost to prevent a recession, there is something he can do without Congress or a legal challenge: He can cut his trade-uncertainty tax
President Trump isn’t famous for consistency, but his reversal on a new round of tax cuts may be a record. On Tuesday he said he was considering a cut in the payroll tax and indexing capital gains for inflation, but on Wednesday he took it all back.
“I’m not looking at a tax cut now,” Mr. Trump told reporters. “We don’t need it. We have a strong economy.” He added that indexing capital gains might be seen as “somewhat elitist” and would benefit the wealthy, thus aligning himself ideologically with his many...
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