Home / Business / White House: Trump "plans new tax cuts", but the economy is doing well

White House: Trump "plans new tax cuts", but the economy is doing well



White House spokesman Hogan Gidley said on Tuesday that President Trump Harry Reid: "The decriminalization of border crossings is not something that should be at the top of the list" Recessions happen when presidents neglect fundamental issues MORE is considering a new round of tax cuts, but dismissed the idea that the administration is trying to counter the looming economic downturn.

In an interview with Fox News, Gidley said the economy is doing well and that the tax cuts are about making people pay for their money.

"What I can tell you, it's the same thing [White House economic adviser] Larry Kudlow Lawrence (Larry) Alan KudlowMORE and the same thing the President of the United States said, he is considering tax cuts again. We think that stimulates this economic expansion, "Gidley said of America's Newsroom.

He added that a reduction in payroll taxes was "not envisaged at the moment, but he was looking at all possible options to try to make people so important a part of the hard-earned money that they had earned. ".

The White House talks this week, said Gidley, focus on "all sorts of options" to give people more pay.

The comments follow reports in The Washington Post and the New York Times that White House officials have begun discussing a possible payroll tax, among other things, in an effort to avoid a recession. The reports indicated that discussions on a possible payroll cut, which should be approved by Congress, are premature.

Economists and markets have warned of an impending recession. A recent survey by the National Association for Business Economics found that most economists believe this will happen by the end of 2021.

But the White House has repeatedly said that the economy is doing well and that media coverage of fears of recession has been misleading.

The media "wanted so many lies about the president to be true," said Gidley.

He then added that the economy said that "people have more money, they spend more, they save more and they have more jobs".


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