Trump says White House looking at payroll tax cut, urges Fed rate cut

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Trump says White House looking at payroll tax cut, urges Fed rate cut
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President Donald Trump said Tuesday his administration is looking at tax cuts, including cutting payroll taxes. Trump's comment follows a late-Monday...

President Donald Trump said Tuesday his administration is looking at tax cuts, including cutting payroll taxes. Trump's comment follows a late-Monday Washington Post report that the administration was considering a temporary payroll tax cut.

The White House said cutting payroll taxes wasn't under consideration, and Trump on Tuesday did not put any time frame on such a cut. But he said, "payroll taxes is something I have been thinking about. Many people would like to see that." The president also repeated his desire for the Federal Reserve to cut interest rates.

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