A new plan to cut payroll taxes of American workers is on the table according to President Trump himself.
President Trump confirmed Tuesday that he’s been considering a payroll tax cut but rejected the notion that he’s worried about a possible recession on the horizon.
Speaking to the media before a meeting with Romanian President Klaus Iohannis in the Oval Office, Trump called warnings that the country may be heading into a recession “inappropriate” and noted that a possible cut in payroll taxes was something he had been considering for a long time.
“Payroll taxes is something we think about all the time and a lot of people would like that,” Trump said.
He was responding to reports that the White House is in the early stages of internal discussions about a potential payroll tax cut as one of a number of possible measures to boost the economy. Sources said Monday that while some Trump administration staffers have discussed a temporary payroll tax cut, talks have remained at the staff level.
Trump was sure to clarify that the payroll tax cut has been being considered for some time and the decision to move forward with it or not will not be dependent on a recession.