Even as Pres. Trump insists the U.S. economy is “the best in the world,” he is also weighing pursuing another round of tax cuts amid concerns about a possible looming recession.
Even as President Donald Trump insists the U.S. economy is “the best in the world,”, the president sent mixed messages on Tuesday about whether he was considering a payroll tax cut as a way to stimulate the economy.
"It is not being considered at this time," White House deputy press secretary Hogan Gidley said during an interview with FOX News earlier Tuesday."He's looking at at tax cuts again -- we think that spurs on the economic expansion." “I'm not talking about doing anything at this moment,” he said in response to a question about whether the country can afford tax cuts.
To the extent Trump does acknowledge weakness in the economy, he points blame at the broader global landscape and at Federal Reserve Chairman Jerome Powell, whom he hand-picked for the job but has since fallen out of favor with Trump, who believes the Fed should further lower interest rates.
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