President Trump at the White House on Tuesday, Aug. 20, said the Trump administration has long been considering tax cuts to payroll amid warnings about a looming recession. The resident talked with reporters in the Oval Office while meeting with Romanian President Klaus Iohannis, “Payroll tax is something that we think about and a lot of people would like to see that and that very much affects the working, the workers of our country and we have a lot of workers.”
President Trump was responding to a report made On Monday by The Washington Post which reported the Trump administration was considering a temporary payroll tax cut to boost the economy in the U.S.
President Trump said at the Oval Office on Tuesday, Aug. 20 right now in America, there are 160 million people in the workforce. This is the highest number that has ever been seen in the history of the country. He also said the word ‘recession is a word that’s inappropriate,’ because this word has been used by certain people in the media, who the president believes would love to see a recession. “We’re very far from recession,” said President Trump.
According to the president for the last year and a half, the Federal Reserve has done very poorly. He said if they stepped up and improved the situation the United States would have already seen tremendous growth, such as lowering interest rates. Looking to the future he said, “I think that we are set for a tremendous surge of growth. If the Fed would do its job that’s a big if frankly. The Fed should be cutting and I would say they should say at a minimum 100 basis points over a period of time. Not at one time but over a period of time.”
Reporters also asked the president about background gun checks and whether he thinks the background laws are currently strong enough.
“We have very, very strong background checks right now. But we have sort of missing areas and areas that don’t complete the whole circle. And we’re looking at different things. And I have to tell you that it is a mental problem and I’ve said it 100 times: it’s not the gun that pulls the trigger it’s the person that pulls the trigger. These are sick people and it is also that kind of a problem and we’re looking at mental institutions which we used to have, like as an example where I come from in New York they closed up almost all of their mental institutions or many”, President Trump said.
President Trump had just finished meeting with Romanian President Klaus Iohannis at the Oval office. He said, “what an honor” it was to be meeting with the European country and that the relationship between the two is now stronger and better than ever.