The White House plans to reduce taxes and customs duties

 

The White House predicts tax and customs cuts as a way to avoid US entry into recession, US media reported.
That decision could be made despite President Donald Trump's assertions that the economy is in good shape.
According to the Washington Post, officials are considering a number of measures to stimulate the economy, including a temporary cut in income tax to increase workers' purchasing power.
The New York Times writes that the US could also drop new customs on Chinese goods introduced by the Trump government in the context of the Beijing trade war.
The media says those measures are under consideration, and officials who have come up with these ideas have not yet sought Trump's opinion. In any case, Congress would have to approve such steps.
Reducing payroll taxes is not something under consideration, ”the White House said in response to a Washington Post report.
The payroll tax was temporarily reduced in 2011 and 2012 in the time of Barack Obama, to keep the economy out of stagnation after the 2008 financial crisis.
According to a study released Sunday, nearly three-quarters of US economists expect a recession in 2021.
"I don't think there will be a recession. We're doing incredibly well, "he told reporters Sunday.

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