The White House would consider tax cuts to avoid a recession

The White House is considering tax cuts and tariffs to avoid an entry of the recession in the United States, reported on Monday the american media, despite the

The White House would consider tax cuts to avoid a recession

The White House is considering tax cuts and tariffs to avoid an entry of the recession in the United States, reported on Monday the american media, despite the insistence of Donald Trump on the good health of the american economy.

According to the Washington Post , officials of the White House are studying several measures to stimulate the u.s. economy, including a temporary reduction of the payroll tax to improve the purchasing power of workers.

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according To the New York Times , the United States could also waive the new customs duties imposed by the administration Trump to chinese imports in the framework of the trade war with Beijing. There are measurements in the study, and those who have had the idea have not yet asked the opinion of the president, Donald Trump, which should in addition obtain approval by the Congress, explain the two media.

"Lower the taxes on wages is not something that the study at this time," responded the White House with the Washington Post .

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The payroll tax had been temporarily lowered in 2011 and 2012 under president Barack Obama to try to get the u.s. economy out of the stagnation that followed the financial crisis of 2008.

According to a survey released Sunday by the National Association for Business Economists (NABE), nearly three-quarters of the u.s. economists expect a recession by 2021. A notice that does not share Donald Trump: "I do not believe that there will be a recession. We are terribly good," he told journalists Sunday.

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Updated Date: 21 August 2019, 00:00

Kathleen Lees

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