Trump said he has 'been thinking about payroll taxes for a long time' — and he cautioned that 'whether or not we do something now, it's not being done because of recession.'
President Donald Trump on Tuesday said he was "thinking about" a payroll tax cut, less than a day after the White House denied that a payroll tax cut was under consideration.
US President Donald Trump takes part in a meeting with Romania's President Klaus Iohannis in the Oval Office of the White House in Washington, DC on August 20, 2019.President Donald Trump on Tuesday said he was "thinking about" a payroll tax cut,"Payroll tax is something we think about, and a lot of people would like to see that, and that very much affects the workers of our country," Trump told reporters at the White House.
When asked about the discrepancy between the official's statement and the president's remarks, a White House representative declined to comment. But in his nearly 30-minute exchange with the press, Trump floated a number of possible ways to stimulate the economy. He slammed the Federal Reserve for raising interest rates and called for a full percentage-point cut in rates "over a period of time."
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