While I always appreciate a tax cut, it’s the spending that is out of control. Cut spending… then taxes.
President Trump on Tuesday confirmed the White House is discussing a temporary payroll tax cut as a strategy to boost the economy, even as he maintains the country’s economic outlook remains strong.
“Payroll tax is something that we think about, and a lot of people would like to see that,” Trump said Tuesday during an exchange with reporters at the White House.
“We’re looking at various tax reductions. But I’m looking at that all the time anyway,” he added.
The president said that the administration is also looking at doing something on the capital gains tax, but cautioned that nothing has been decided. He suggested that he could index the capital gains to inflation unilaterally, though such a move would likely face challenges from Democrats in Congress.