Trump touts economy but payroll tax discussion reveals recession fears

Trump touts economy but payroll tax discussion reveals recession fears 1

 

President Donald Trump said that the administration is looking at possible tax cuts, but reiterated that the US economy is still growing and remains very far from a recession.

"We're looking at various tax rate deductions but I'm looking at that all the time … that's one of the reasons we're in such a strong economic position. We're, right now, the No. 1 country anywhere in the world by far as an economy," Trump told press during a White House meeting with Romanian President Klaus Iohannis.

But despite Trump's public-facing vociferousness about the strength of the economy on his watch and aides stating they have no concerns about a recession, officials have discussed the possibility of a potential payroll tax cut to stave off anxiety over an economic slowdown in recent days.

#CNN #News

72 Comments on "Trump touts economy but payroll tax discussion reveals recession fears"

  1. Yeah we know about his fake tax cuts for the middle class. All he’ll do is give us a little bit more of our own money each paycheck and then when its time to file our taxes, we’ll be screwed again.

  2. Our life is now dictated by *”The whim of a madman!”*

    • IDEAS NOT POLITICAL PARTIES | August 21, 2019 at 7:04 AM | Reply

      Oh yeah? Then how you make that comment? Don’t think you know what “dictated” means. For an example, go live in China. You’ll be begging to come back.

  3. Bailey O'Neill | August 20, 2019 at 5:33 PM | Reply

    “A lot of people who put me where I am” aka the only people that he’s going to serve

    • The ppl who bought him and putin…

    • @Rui Silva morons

    • @Rui Silva all been debunked princess

    • Hugo Effyerself | August 21, 2019 at 9:38 AM | Reply

      @Adam Eaton If you are referring to the Mueller report, you may need to actually read it and the statements made by Mueller regarding it as Russian involvement was identified as  occuring “in sweeping and systematic fashion” and “violated U.S. criminal law.”

      Does this mean that Putin put President Trump in power? I dont know. I will however say that the theory has not been debunked as you claim.

    • Hugo Effyerself Again with the Russian conspiracy theories.. Propaganda such as this one is exactly the reason why this clown still has above 40% support, keep fueling the furnace with those fairy tales instead of bringing something meaningful and you’ll see how he’ll be reelected by his dumb cultists. Trump won not because of Russia but because the majority of the US population consists of poor, poorly educated, racist and hailing supremacy bigots.

  4. Trump is preparing his excuse for the total collapse of the economy
    *_”they willed it on me”_*

    • @Cathryn Moody the only shame is your support for trump and your denial that he’s a horrible president and the worst choice for our country, how is it that the whole world sees and you’re so blind. You got one thing right. You 👉 🙈

    • Cathryn Moody | August 21, 2019 at 9:39 AM | Reply

      @RuBaron715 …. . I Have No shame, as I am not ashamed to support Trump. I Feel No shame, only Pride in my great President. So you see Ru, the only shame here is felt and precived by you and others like you, as seen through your ignorant, small minded, pathetic, uneducated, hate filled eyes. If I make people like you feel shame for me, it just makes my Pride in my Great President Soar! It’s time for you to take the bull by the horns and leave the rest of it alone ( You couldn’t cipher my cryptid message it seems. It said You were a circus clown 🎪🤡 who likes to defile bulls 🖕🐂💩and I can’t stand to see it 🙈) You can’t beat me! None of your kind can. Your attempts backfire Everytime. TRUMP 2020 🇺🇸 WWG1WGA 🇺🇸

    • Cathryn Moody | August 21, 2019 at 9:59 AM | Reply

      @RuBaron715 one more thing. What Ever made you think that I really give a sh*t about what you think? I just wanted to play and took your invitation to do so. Now go home and cry to momma. Tell her all about the big bad Trump fan 😂😂😂

    • @Cathryn Moody well it’s nice to know you have firmly planted yourself in the minority of people who support this president, that would make you a loser in 2020. I’ll give you one thing you’re proud fool, as if that’s positive. When you’re dead, you don’t know that you’re dead and it only affects the people near you, ….. it’s just like being stupid.😉🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑

    • @RuBaron715 thats The Most Stupid thing I think I’ve heard today! But I give you credit for trying. It’s not your fault you ride the special bus. 🤣

  5. The red States can blame their crooked representatives for their floundering economy not us

  6. He gives a payroll tax cuts they are going to go after social security big time to pay for it. Moscow Mitch will be working hard to cut more programs for the poor and social security to pay for it.

  7. “A slippery slope.” You mean how the middle and lower class end up paying more and more of the total taxes?

    • @thesinaclwon anything else wouldn’t be Human in Trump people eyesight

    • @toney ingram well let’s just be happy that we are not like them

    • @thesinaclwon I am but there are some good white people but 95percent are living in the image of satan and hate

    • @Sara Habib youre completely distorting the facts. what you stated was fact but completely misrepresented. #1 he did lower taxes for everyone. i make 30k a year, i paid less. if he was so in the bag for the rich, hows that possible for me? #2 when i say everyone paid less, yes everyone including the rich, you know the people who employ millions of people in the country? lowering taxes on the rich had a direct effect on unemployment, they were able to hire more people. and #3, yes those making the least paid more, but collectively, not indivudally. this is basic economics. tax revenue went up while taxes were lowered. hows that possible? well most people are in the middle class so they were paying more and spending more as a result of the lowered taxes. therefore while their taxes were lowered, the pie was much bigger, a smaller percentage of a much bigger pie means more tax revenue. so you can pretend that middle class and lower class people paid more as a result of the lying president, or you can get with reality and realize this is what happens when taxes are lowered, rax revenue goes up because of the peoples spending power.

    • @Dane Mart I’m not talking about giving more to those that contribute less. I’m talking about giving more to the hard working people. There are people, one in this thread alone, that paid more taxes on the same income. I provide bookkeeping services to small businesses and independent contractors and many of their returns had them paying more taxes. While the wealthy provide some jobs, it is small businesses that provide the most jobs. The tax cuts promised were supposed to help these people. While a few paid less, many paid more.

  8. I find trumps punk out on gun control especially spinless, even for him.

  9. Trent Petersen | August 20, 2019 at 6:55 PM | Reply

    DON THE CON’S ONLY EXPERTISE IS HOW TO BANKRUPT BUSINESSES !!

  10. Trump has been riding the Obama economy train for 2+ years. Now he is seeing the effects of HIS policies (tariffs, tax breaks for the rich only).

    • @Promise Rose bullshit!

    • IDEAS NOT POLITICAL PARTIES | August 21, 2019 at 7:01 AM | Reply

      Then why the hell did Obama cla Trump didn’t have a magic wand to fix the economy? If Obama’s economy was so good, it wouldn’t have needed to be fixed. Get outta here with that

    • @Promise Rose How much was it? $100??? Trumps friends got millions each!

    • @S G It was the Obama administration who, for 8 years, did not improve public spending whatsoever. Healthcare costs went up, part-time jobs took over, and big banks and companies were still allowed to develop high walls of entry into businesses. The leverage loan industry was deregulated by the Obama Administration, which will become the Subprime Mortgage of this Recession. Trump is also responsible as well, providing more money to the upper class only interested in buying back more stock and gutting the little banking regulations we had beforehand.
      I am not blinded by partisanship to blame a single person for an economic collapse, this has been in the mix for over a decade now.

  11. Joseph LaChance | August 20, 2019 at 7:59 PM | Reply

    I just wish he’d be honest. He’s so easy to read. “I’ve been thinking about a payroll tax for a long time”…right…

  12. Sherreal Hammond | August 20, 2019 at 8:01 PM | Reply

    Well he said he would say anything to get what he wants. This man is such a con artist!! When he finishes; he going to walk away with everything and we all are going to be broke!

    • no
      vote him out this go around
      so as the statutes of limitations don’t run out
      install that bugger into a 6X6 cell, somewhere

    • It’s what every POTUS has done and will do. If you’re not quite accustomed to tyranny, oppression, and poverty then you haven’t been paying enough attention and/or playing this game very long.

    • I’m already broke!!

    • IDEAS NOT POLITICAL PARTIES | August 21, 2019 at 6:57 AM | Reply

      The country already broke. Watchu talking bout? The real con game is the federal reserve.

  13. Brandon Blake | August 20, 2019 at 8:40 PM | Reply

    “I am very pro-second amendment”… that’s why he said last year… “Take the guns then go to court”.

  14. I’m not doing this because of a recession 🙄, I’ve been thinking of a payroll tax cut for a long time 🙄,we are fine, we’re fantastic 👌.

  15. Trust a 6 times bankrupt to move the country forward.

  16. Obama’s past results are about to end.
    Trump just bought every american a one way ticket on the titanic trump ship.

    • @gitgud haters Hiding the facts is a communist tactic

    • @Mike Thompson Obama = Angel Trump = capitalist terrorist Thank god I haven’t lost my objectivity like you Chumpies

    • @Jeremiah Hey little buddy, I must insist you, at minimum, attempt to educate yourself on reality. Your bigotry is exposed by way of your ignorance.

    • @Jeremiah Also clear evidence proves Barack Hussein is a terrorist focusing his attacks on middle class Americans. That is why he funded all the big banks and tech companies off the backs of American workers

  17. 5 million NRA members should not control OUR Congress and Our President.

    • @Guam Jam There was more Mass shootings under Obama. Criminals are going to get guns off the streets and banning guns would leave good people no way to protect themselves. Chicago has a no gun policy and is the murder Capitol of the country. 4 th of July weekend more than 60 people shot. Black on black crime isn’t reported by CNN. They want to make the white man and Cops the boogeyman. They preach a one world government, socialism, hate towards white males, and taking your rights away. Do some research.

    • @Spore Hux Socialism is taking your rights away. I go to work and give up half my money in taxes to pay for people who have no skills Crossing a border that they don’t want. to exist is taking rights away! Not having the ability to protect my family with a gun, being able to hunt to provide my family with natural meat not pumped full of hormones and steroids is taking my rights away. To be able to protect ourselves from a tyrannical government is taking my rights away! Not a conspiracy!!!

    • Logical Conservative | August 21, 2019 at 12:30 PM | Reply

      @MD P Basically, what you just said is that you don’t want Americans being able to speak to the President LOL
      What gun control do you want? We’ve already done gun control a dozen times before. What good did it do? Zero.

    • Anthony Egidio | August 21, 2019 at 12:33 PM | Reply

      @White Power regulations placed on certain people who are unfit for responsible ownership are needed. The mentally deranged are considered disabled and are on SSI because they aren’t employable. If an employer wouldn’t hire them because they can’t perform duties of a job and they are an unpredictable threat in the workplace, then why would a gun dealer sell them a gun. I personally don’t feel there should be restrictions on types of firearms, however, certain people should have restrictions or more thorough guidelines for ownership. Blind people can’t drive. Dangerously insane people should not have guns, particularly semi auto or auto which large magazines. The same applies to felons with violent histories. To ignore the problem because of NRA scare tactics only assures these mass shootings will continue.

    • The world is insane | August 21, 2019 at 12:34 PM | Reply

      @MD P How do you control an inanimate object? has a gun ever killed people all alone? have you ever seen a gun by itself kill people? Trucks are used to kill people by religious nuts so should we look at truck control? or control the religious nuts? Hammers are used to kill more people than guns but do we look at hammer control? how about we control the unstable element that actually does the killing with their chose tools? what’s next, how about bomb control? they kill thousands at a time is that not a weapon of mass death that should be eliminated? All weapons have there place sadly on this planet, the problem is the users, not the weapons. Control the users and that will control who and how guns are controlled. Gun control advocated by the left takes all the guns, this will only lead to war. After many dead and all the legal guns are gone then the criminals and cops will have them. So to you gun-hating morons, I do hope you’re in a position that a gun would save your life but as you can not have one, you die, but that will still not teach you anything.

  18. trump, the boy who cried wolf. Nobody believes the economy is strong. When the going was good (thank you OBAMA), he should have spent on infrastructure instead of the BS rich people tax cuts.

  19. Hello Art of the Deal Dealmaker, if your tarrifs are working so great why not go at it? Tariff everything why bother with tax cut and all. Numbnut.

  20. He’s “been thinking about payroll taxes for a long time”……pffffft! He has no clue what payroll taxes are!

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