WASHINGTON, D.C. — President Trump says he’s considering giving Americans a payroll tax cut.
During Tuesday’s Oval Office meeting with Romania’s President Klaus Iohannis, Trump touted the U.S. economy and claimed the nation is far from a recession.
Economists have warned that a recession may be on the horizon.
Trump also said a payroll tax cut was “something I’ve been thinking about for a long time.”
The President says warnings about a potential recession were not a factor in considering the cuts.
“I think the word ‘recession’ is a word that’s inappropriate, because it’s just a word that the — certain people, I’m going to be kind — certain people and the media are trying to build up, because they’d love to see a recession. We’re very far from a recession,” he said.
Experts have said a payroll tax cut could give a boost to American spending, but could also expand the nation’s deficit.
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