On Tuesday, the United States President Donald Trump has played down fears that America was heading towards recession while confirms that his administration was considering a payroll tax cut.
President Trump told sources in the White House that “I think the word recession is inappropriate.” Donald Trump has greeted his Romanian counterpart Klaus Iohannis in the White House.
“We’re very far from recession,” added the US President.
After sources reported that a temporary cut to payroll tax was being examined as part of a package of measures to revive the economy, President Trump has acknowledged that it was one of the options, which is being discussed in the House.
He continued, “Payroll tax is something we’re … thinking about.”