Trump says a recession is unlikely, but officials might slash some taxes just in case
Marine One helicopter takes off with President Donald Trump as members of the media watch on the South Lawn of the White House on July 12, 2019. White House officials are apparently planning to slash payroll taxes temporarily to avoid an economic slowdown, a contradiction to Trump’s public comments. (Caroline Brehman/CQ Roll Call)
White House officials, despite President Donald Trump saying a recession is unlikely, are considering slashing some federal taxes to avoid an economic slowdown, according to an official with knowledge of planning.
“As Larry Kudlow said yesterday, more tax cuts for the American people are certainly on the table,” a White House official told Roll Call Monday afternoon, referring to the president’s top economic adviser.