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Trump Considers Tax Cuts as Economists Warn of Possible Recession

HeadlineAug 21, 2019

President Trump said he is considering “various tax reductions,” including payroll tax cuts. Trump and White House officials, however, have dismissed concerns of a possible recession despite economists warning of an upcoming downturn. Trump said tax cuts are something he is “always” considering. Trump shifted blame to China for the ongoing trade war, which economists say is causing uncertainty in the markets and is the biggest threat to the U.S. economy. Political analysts say White House advisers and Republican politicians are becoming increasingly concerned that a weakening economy will hurt Trump and the party’s odds in the 2020 elections.

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