US President Donald Trump says his administration is looking to cut US taxes but he isn't talking about doing anything at this moment.
Trump added that he was always looking at a payroll tax cut, and that a lot of people would like to see it.
The Washington Post has reported the administration is considering a temporary payroll tax cut to boost the US economy, which has recently shown signs of slowing down in the near future.
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"We're very far from a recession," Trump told reporters on Tuesday during a White House visit by Romanian President Klaus Iohannis.
He added that the US is doing well on the economy but "the fact is somebody had to take China on".
"Whether it's good or bad short-term is irrelevant." He said China still wanted to make a deal.
"We really need a Fed rate cut," Trump said, arguing that there cannot be a large "disparity" between rates in the US and elsewhere in the developed world. "We have to at least keep up to an extent."
The president has long been urging the US central bank to cut rates to help bolster the economy. Many of the recent economic woes, however, stem from concerns over a US trade war with China and other powers.
Trump has been talking up the economy in recent days and dismissing recession fears. A strong economy is seen as key to his re-election prospects in 2020, but trade tensions with China are stoking concerns about an imminent slowdown.
Millions of US workers pay payroll taxes on their earnings to finance the Medicare health insurance program for the elderly and Social Security, which provides income payments for retirees.