Trump considers multiple tax cuts as recession fear swirls

CNC
Added On August 22, 2019

Trump said at the White House on Tuesday that he is thinking about reducing capital-gains taxes by indexing them into infaltion and enacting payroll tax cuts.
 
According to analysts, the proposal would cost 102 billion U.S. dollars over the next decade.
 
When asked if the country can afford further tax cuts, Trump said he's not talking about doing anything at this moment.
 
The Trump administration will have to gain Congressional support to adopt both of the two measures. It is believed to be difficult for the measures to get a green light in the Democrat-controlled House.
 
Economists have been expecting a recession in the U.S. economy to come as early as the next two years.