Business > Economy

The Trump administration is considering a tax cut for millions of workers to boost the economy and stave off fears of a recession

5 monthes ago   |   By Business Insider

Several Trump administration officials are weighing whether to propose a temporary payroll tax cut to inject more consumer cash into a weakening economy, according to The Washington Post.
The discussions are preliminary, according to The Post. Any proposal would require Congress to sign off on it.
A White House official denied The Post's report, telling INSIDER, "cutting payroll taxes is not something under consideration at this time."
Visit Business Insider's homepage for more stories.
Several Trump administration officials are weighing whether to propose a temporary payroll tax cut to...
Read more ...

 

Team Trump eyes payroll tax cut to spur economy: report

Team Trump eyes payroll tax cut to spur economy: report

5 monthes ago   |   By New York Post

Team Trump is considering a temporary payroll tax cut to stimulate the economy and avoid a slowdown - or even a recession, a new report said Monday. The plans reveal the administration's top economic aides' growing concerns about a possible slowdown as the 2020 election nears - despite President Trump's glowing reviews of the US...
Read more ...

 

Trump Administration Considering Payroll Tax Cut As More Economists Express Recession Concern

Trump Administration Considering Payroll Tax Cut As More Economists Express Recession Concern

5 monthes ago   |   By Newsweek

Despite President Donald Trump's assurances that the U.S. will not head into a recession, members of his staff have reportedly begun considering ways to combat a slowing economy.
Read more ...

 


Search by Tags

   Economy      Donald Trump      Congress      Election      U.S.  


Pentagon reveals 34 US troops suffered traumatic brain injuries in Iran's...

Pentagon reveals 34 US troops suffered traumatic brain injuries in Iran's missile attack

The Pentagon revealed Friday that a total of 34 US service members have been diagnosed with concussions and traumatic brain injuries since the Jan. 8 Iranian ballistic missile... Read more ...

A 2nd case of the Wuhan coronavirus in the US was just confirmed in Chicago

A 2nd case of the Wuhan coronavirus in the US was just confirmed in Chicago

CBS Chicago reported that a woman in her 60s has been diagnosed with Wuhan coronavirus. It's the second confirmed case in the US. The first case was reported in Washington... Read more ...

Tulsi Gabbard is running for president in 2020. Here's everything we know...

Tulsi Gabbard is running for president in 2020. Here's everything we know about the candidate and how she stacks up against the competition

Who is Tulsi Gabbard? Current job: US Representative for Hawaii's 2nd congressional district. Major in the Hawaii Army National Guard. Running for president of the United... Read more ...

'Take her out': New recording appears to feature an angry Trump telling...

'Take her out': New recording appears to feature an angry Trump telling Giuliani's associates to 'get rid of' US ambassador to Ukraine for bad-mouthing him

President Donald Trump appeared to order associates of his personal lawyer to "get rid" of then-US ambassador to Ukraine Marie Yovanovitch during a dinner in April 2018... Read more ...

Europe now has its first 2 confirmed cases of the Wuhan coronavirus, both in...

Europe now has its first 2 confirmed cases of the Wuhan coronavirus, both in France

The French government has confirmed two cases of the Wuhan coronavirus there, the first in Europe. The coronavirus outbreak is thought to have started in a seafood market in... Read more ...

The flu is a far bigger threat to most people in the US than the Wuhan...

The flu is a far bigger threat to most people in the US than the Wuhan coronavirus. Here's why

A coronavirus that originated in Wuhan, China, has killed 26 people and infected more than 900. The virus has spread to nine other countries, including the US. Patients... Read more ...

The Saudi crown prince allegedly hacked Jeff Bezos' phone. Meet 34-year-old...

The Saudi crown prince allegedly hacked Jeff Bezos' phone. Meet 34-year-old Mohammed bin Salman, who's at the center of human rights issues and drops millions on yachts and mansions

Mohammed bin Salman is the 34-year-old crown prince of Saudi Arabia. The UN said this week it had received credible information that Prince Mohammed hacked the personal cell... Read more ...

Oil is on track for its worst week since July amid coronavirus fears

Oil is on track for its worst week since July amid coronavirus fears

Oil prices fell Friday and are on track for the worst week since July amid fears that China's Wuhan virus will damage global demand. Futures of West Texas Intermediate crude... Read more ...

Demi Lovato reveals the song she'll sing at the Grammys was written just...

Demi Lovato reveals the song she'll sing at the Grammys was written just before her overdose: 'I hear these lyrics as a cry for help'

Demi Lovato opened up about her comeback performance at the Grammys on Sunday in a new interview with Beats 1's Zane Lowe . She revealed the song that she'll be performing... Read more ...

A former 'Bachelorette' contestant who abruptly left Hannah B's season has...

A former 'Bachelorette' contestant who abruptly left Hannah B's season has died from a suspected overdose

Tyler Gwozdz, who was a contestant on season 15 of "The Bachelorette," has died, show producers announced on Thursday. Gwozdz, who was 29, is suspected to have died from an... Read more ...