Wed. Nov 20th, 2019

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

1 min read

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. “If the Fed would do its job, we’d have a tremendous spurt of growth,” Trump said in remarks alongside the president of Romania at the White House.

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