X

Trump: I'm Mulling Tax Cuts, But R-Word Is 'Inappropriate'

The president says he's looking at capital gains and payroll tax cuts
By Newser Editors and Wire Services
Posted Aug 20, 2019 3:45 PM CDT
Shrink
President Donald Trump speaks during a meeting with Romanian President Klaus Iohannis in the Oval Office of the White House, Tuesday, Aug. 20, 2019, in Washington.   (AP Photo/Alex Brandon)

(Newser) – President Donald Trump says his administration is a looking at tax cut proposals but not as a response to a potential recession, the AP reports. "I'm looking at that all the time anyway," he explained. Trump talked about the economy and trade with China during a meeting Tuesday in the Oval Office with the president of Romania. Trump says his administration is looking at a cut in the capital gains tax when investors sell assets. It is also exploring lower payroll taxes. But mostly, Trump is pressuring the Federal Reserve to cut interest rates. He says, "They have to do a rate cut." Trump says the word recession is "inappropriate" and if the Fed would do its job, "you would see a burst of growth like you've never seen before." (See what RV shipments say about a possible recession.)

(Read more President Trump stories.)

My Take on This Story
Show results without voting  |  
9%
8%
2%
28%
7%
46%