President Trump told reporters in the Oval Office Tuesday that he’s been “thinking about” whether to pursue a payroll tax cut, despite the White House formally denying a Washington Post report that cutting payroll taxes is under consideration.
The inversion of the yield curve, a warning sign that has preceded every recession for the past 70 years, caused a major sell-off in the stock market last week. The market has since recovered completely, but prolonged trade tensions between the U.S. and China have caused many investors to remain skittish.
CNBC Contributor and columnist for the American Enterprise Institute, James Pethokoukis, talks Trump tax cuts with Dan & Amy: