Trump says he’s ‘thinking about’ a payroll tax cut — a day after the White House denies it

President Donald Trump on Tuesday said he was “thinking about” cutting payroll taxes, less than a day after the White House denied that a payroll tax cut was under consideration. That denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown. When asked about the discrepancy between the official’s statement and the president’s remarks, a White House representative declined to comment.


President Donald Trump on Tuesday said he was “thinking about” cutting payroll taxes, less than a day after the White House denied that a payroll tax cut was under consideration. That denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown. When asked about the discrepancy between the official’s statement and the president’s remarks, a White House representative declined to comment.
Trump says he’s ‘thinking about’ a payroll tax cut — a day after the White House denies it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: kevin breuninger jordan mcdonald, kevin breuninger, jordan mcdonald
Keywords: news, cnbc, companies, thinking, taxes, president, payroll, denies, day, hes, white, tax, word, house, trump, cut


Trump says he's 'thinking about' a payroll tax cut — a day after the White House denies it

US President Donald Trump takes part in a meeting with Romania’s President Klaus Iohannis(not shown) in the Oval Office of the White House in Washington, DC on August 20, 2019.

President Donald Trump on Tuesday said he was “thinking about” cutting payroll taxes, less than a day after the White House denied that a payroll tax cut was under consideration.

“Payroll tax is something we think about, and a lot of people would like to see that, and that very much affects the workers of our country,” Trump told reporters at the White House.

Trump went on to say that he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.”

His remarks were at odds with a White House official’s statement to CNBC on Monday evening: “More tax cuts for the American people are certainly on the table, but cutting payroll taxes is not something under consideration at this time.”

That denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown.

When asked about the discrepancy between the official’s statement and the president’s remarks, a White House representative declined to comment.

The president has pushed back strongly on reports that investors fear an economic recession may be on the horizon. In a tweet Monday, he accused Democrats of “trying to ‘will’ the Economy to be bad for purposes of the 2020 Election.”

In the Oval Office on Tuesday afternoon, Trump said, “I think the word recession is a word that’s inappropriate because it’s just a word that certain people, I’m going to be kind, certain people and the media are trying to build up because they would love to see a recession. We are very far from a recession.”

But in his nearly 30-minute exchange with the press, ahead of a meeting with Romanian President Klaus Iohannis, Trump floated a number of possible ways to stimulate the economy. He slammed the Federal Reserve for raising interest rates and called for a full percentage-point cut in rates “over a period of time.”

He also discussed multiple proposals to reduce taxes, including a payroll tax cut and indexing capital-gains taxes to inflation.

“I’m not talking about doing anything at this moment, but indexing is something a lot of people have liked for a long time,” Trump said. “It is something I’m thinking about.”

If Trump attempts to pass a payroll tax cut through Congress, he’s almost certain to face strong opposition from Democrats. The 6.2% tax helps to fund social welfare programs that Democrats have vowed to protect.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: kevin breuninger jordan mcdonald, kevin breuninger, jordan mcdonald
Keywords: news, cnbc, companies, thinking, taxes, president, payroll, denies, day, hes, white, tax, word, house, trump, cut


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Here’s how socialism went mainstream in American politics

Socialism used to be a scary word in the U.S.Presidential hopeful Sen. Bernie Sanders, I-Vt., and freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., have helped to catapult it back into mainstream American politics. But this swell of popularity for anti-capitalist political ideas has also triggered new fervor against socialism. President Donald Trump has already started to capitalize on the ideological rift within the Democratic Party by weaponizing the word socialism. “America will never be a soci


Socialism used to be a scary word in the U.S.Presidential hopeful Sen. Bernie Sanders, I-Vt., and freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., have helped to catapult it back into mainstream American politics. But this swell of popularity for anti-capitalist political ideas has also triggered new fervor against socialism. President Donald Trump has already started to capitalize on the ideological rift within the Democratic Party by weaponizing the word socialism. “America will never be a soci
Here’s how socialism went mainstream in American politics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: mackenzie sigalos
Keywords: news, cnbc, companies, american, party, ideas, word, political, ocasiocortez, heres, sanders, democratic, popularity, mainstream, socialism, politics, went, socialist


Here's how socialism went mainstream in American politics

Socialism used to be a scary word in the U.S.

Presidential hopeful Sen. Bernie Sanders, I-Vt., and freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., have helped to catapult it back into mainstream American politics.

Both are self-proclaimed Democratic Socialists who have tapped into a huge and angry voting bloc of the country’s disillusioned youth by promising radical and progressive changes to the system. But this swell of popularity for anti-capitalist political ideas has also triggered new fervor against socialism.

President Donald Trump has already started to capitalize on the ideological rift within the Democratic Party by weaponizing the word socialism. “America will never be a socialist country,” he told a crowd at the Conservative Political Action Conference in March. “We believe in the American dream, not in the socialist nightmare.”

Still, as the policy ideas of Ocasio-Cortez and Sanders gain momentum, a lingering question remains: Is Democratic Socialism a fad or the future of liberal politics in the U.S.?

In this latest video explainer from CNBC, we look at the history of socialism in America, its recent surge in popularity, and whether the growing divide in the Democratic Party will play a role in the 2020 presidential race.

Watch more:


Company: cnbc, Activity: cnbc, Date: 2019-07-31  Authors: mackenzie sigalos
Keywords: news, cnbc, companies, american, party, ideas, word, political, ocasiocortez, heres, sanders, democratic, popularity, mainstream, socialism, politics, went, socialist


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Trump says he will meet Russia’s Putin at G-20 summit next week

Asia stocks mixed as Fed opens door for rate cut; 10-year… The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…Asia Marketsread more


Asia stocks mixed as Fed opens door for rate cut; 10-year… The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…Asia Marketsread more
Trump says he will meet Russia’s Putin at G-20 summit next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20
Keywords: news, cnbc, companies, word, unchanged, putin, russias, g20, rate, rates, trump, policy, fed, opens, week, stocks, statement, summit, patient, meet


Trump says he will meet Russia's Putin at G-20 summit next week

Asia stocks mixed as Fed opens door for rate cut; 10-year…

The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…

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Company: cnbc, Activity: cnbc, Date: 2019-06-20
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One major bank is holding the line, saying the Fed won’t cut rates this year

The no rate cut camp on Wall Street is getting more lonesome by the day, but Citi is still standing its ground. The economists at Citi maintained their call for no rate cuts this year after the Federal Reserve said the case for an easier monetary policy has strengthened, while dropping the word “patient” in its statement. “Fed policy – and our call for no cuts in 2019 – remain highly dependent on incoming data over the next few weeks,” Catherine Mann, global chief economist at Citi, said in a no


The no rate cut camp on Wall Street is getting more lonesome by the day, but Citi is still standing its ground. The economists at Citi maintained their call for no rate cuts this year after the Federal Reserve said the case for an easier monetary policy has strengthened, while dropping the word “patient” in its statement. “Fed policy – and our call for no cuts in 2019 – remain highly dependent on incoming data over the next few weeks,” Catherine Mann, global chief economist at Citi, said in a no
One major bank is holding the line, saying the Fed won’t cut rates this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: yun li
Keywords: news, cnbc, companies, holding, cut, major, word, wall, saying, citi, policy, line, statementfed, fed, cuts, weeks, street, bank, wont, rates, rate, strengthened


One major bank is holding the line, saying the Fed won't cut rates this year

The no rate cut camp on Wall Street is getting more lonesome by the day, but Citi is still standing its ground.

The economists at Citi maintained their call for no rate cuts this year after the Federal Reserve said the case for an easier monetary policy has strengthened, while dropping the word “patient” in its statement.

“Fed policy – and our call for no cuts in 2019 – remain highly dependent on incoming data over the next few weeks,” Catherine Mann, global chief economist at Citi, said in a note on Wednesday. “In particular at least a benign outcome at the G20 and solid payroll growth for June will be necessary for the Fed to avoid cuts in July.”


Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: yun li
Keywords: news, cnbc, companies, holding, cut, major, word, wall, saying, citi, policy, line, statementfed, fed, cuts, weeks, street, bank, wont, rates, rate, strengthened


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Streamer launches may hold back Netflix shares for a while, Baird says

Asia stocks mixed as Fed opens door for rate cut; 10-year… The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…Asia Marketsread more


Asia stocks mixed as Fed opens door for rate cut; 10-year… The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…Asia Marketsread more
Streamer launches may hold back Netflix shares for a while, Baird says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, unchanged, streamer, hold, rates, rate, policy, baird, launches, fed, opens, netflix, stocks, shares, statement, patient, word


Streamer launches may hold back Netflix shares for a while, Baird says

Asia stocks mixed as Fed opens door for rate cut; 10-year…

The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…

Asia Markets

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Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: maggie fitzgerald
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Here’s the tech behind Facebook’s Libra cryptocurrency

Asia stocks mixed as Fed opens door for rate cut; 10-year… The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…Asia Marketsread more


Asia stocks mixed as Fed opens door for rate cut; 10-year… The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…Asia Marketsread more
Here’s the tech behind Facebook’s Libra cryptocurrency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: jordan novet
Keywords: news, cnbc, companies, libra, unchanged, facebooks, tech, rate, rates, policy, fed, opens, stocks, statement, heres, patient, cryptocurrency, word


Here's the tech behind Facebook's Libra cryptocurrency

Asia stocks mixed as Fed opens door for rate cut; 10-year…

The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word “patient ” from its statement and said it would “act as…

Asia Markets

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Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: jordan novet
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Pfizer to buy cancer drug developer Array Biopharma for $10.64 billion

The Fed is likely to drop ‘patient’ word this week, economists… The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer. Market Insiderread more


The Fed is likely to drop ‘patient’ word this week, economists… The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer. Market Insiderread more
Pfizer to buy cancer drug developer Array Biopharma for $10.64 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, week, rate, drug, likely, word, rates, patient, biopharma, way, buy, pfizer, developer, fed, array, 1064, billion, cancer, meets, summermarket


Pfizer to buy cancer drug developer Array Biopharma for $10.64 billion

The Fed is likely to drop ‘patient’ word this week, economists…

The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.

Market Insider

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Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: fred imbert, silvia amaro
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One top tech investor is betting against chip stocks, bearish Netflix

The Fed is likely to drop ‘patient’ word this week, economists… The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer. Market Insiderread more


The Fed is likely to drop ‘patient’ word this week, economists… The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer. Market Insiderread more
One top tech investor is betting against chip stocks, bearish Netflix Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, tech, netflix, week, rates, chip, likely, word, betting, way, summermarket, meets, fed, rate, patient, stocks, bearish, investor


One top tech investor is betting against chip stocks, bearish Netflix

The Fed is likely to drop ‘patient’ word this week, economists…

The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.

Market Insider

read more


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, tech, netflix, week, rates, chip, likely, word, betting, way, summermarket, meets, fed, rate, patient, stocks, bearish, investor


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Glamour’s Samantha Barry says ‘networking’ doesn’t work—this is what she does instead

They’re told to go to job fairs, ask for coffee meetings, mingle at work-related cocktail events, and attend panels. Many people dislike networking and say it feels awkward, and for others it can be a source of anxiety. And according to Glamour editor-in-chief Samantha Barry, a better approach is to stop networking entirely, and focus instead on forming relationships. Barry tells CNBC Make It that she tries never to even use the word “networks” and to focus instead on building relationships in a


They’re told to go to job fairs, ask for coffee meetings, mingle at work-related cocktail events, and attend panels. Many people dislike networking and say it feels awkward, and for others it can be a source of anxiety. And according to Glamour editor-in-chief Samantha Barry, a better approach is to stop networking entirely, and focus instead on forming relationships. Barry tells CNBC Make It that she tries never to even use the word “networks” and to focus instead on building relationships in a
Glamour’s Samantha Barry says ‘networking’ doesn’t work—this is what she does instead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: anna hecht
Keywords: news, cnbc, companies, workthis, samantha, does, word, glamours, relationships, doesnt, approach, instead, professional, networking, welch, told, focus, feels, barry


Glamour's Samantha Barry says 'networking' doesn't work—this is what she does instead

Young professionals are constantly told about the importance of networking. They’re told to go to job fairs, ask for coffee meetings, mingle at work-related cocktail events, and attend panels.

What’s less clear is how and when (and if) these networking efforts really pay off. Many people dislike networking and say it feels awkward, and for others it can be a source of anxiety. And according to Glamour editor-in-chief Samantha Barry, a better approach is to stop networking entirely, and focus instead on forming relationships.

Barry tells CNBC Make It that she tries never to even use the word “networks” and to focus instead on building relationships in a professional context.

“Networking can sometimes come across as a one-sided and negative word,” she says. “I prefer ‘relationships’ because that’s what I see them as — professional friendships. And they are beneficial and positive for all parties.”

Barry isn’t the only one who feels this way. CNBC contributor Suzy Welch says that the standard, transactional approach to networking, where you meet, talk and then exchange business cards, is usually not the most effective. Instead, Welch recommends taking a long-term approach and working to build a full, authentic relationship.

“Human beings help friends,” she says, “not ‘contacts.'”

Here’s how to shake up your approach to making professional connections:


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: anna hecht
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‘I have not said a word’: John Kerry rejects Pompeo’s criticism over meetings with Iran officials

Former U.S. Secretary of State John Kerry told CNBC on Thursday that he has not sought to influence Iranian foreign policy since leaving the State Department. Speaking to CNBC’s Hadley Gamble in Normandy, France on Thursday, Kerry was asked to respond to recent criticism from Secretary of State Mike Pompeo. “I haven’t talked to the Iranians subsequently about any issue. But, I have not said a word subsequently to what they ought to do or not do. When asked to clarify whether there had been any b


Former U.S. Secretary of State John Kerry told CNBC on Thursday that he has not sought to influence Iranian foreign policy since leaving the State Department. Speaking to CNBC’s Hadley Gamble in Normandy, France on Thursday, Kerry was asked to respond to recent criticism from Secretary of State Mike Pompeo. “I haven’t talked to the Iranians subsequently about any issue. But, I have not said a word subsequently to what they ought to do or not do. When asked to clarify whether there had been any b
‘I have not said a word’: John Kerry rejects Pompeo’s criticism over meetings with Iran officials Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: sam meredith
Keywords: news, cnbc, companies, state, pompeos, havent, officials, word, decision, issue, foreign, iran, subsequently, criticism, john, iranian, kerry, talked, meetings, rejects, secretary


'I have not said a word': John Kerry rejects Pompeo's criticism over meetings with Iran officials

Former U.S. Secretary of State John Kerry told CNBC on Thursday that he has not sought to influence Iranian foreign policy since leaving the State Department.

Speaking to CNBC’s Hadley Gamble in Normandy, France on Thursday, Kerry was asked to respond to recent criticism from Secretary of State Mike Pompeo.

Last month, Pompeo described Kerry’s reported conversations with his former Iranian counterpart as “inappropriate.”

“I haven’t talked to the Iranians subsequently about any issue. I’ve only talked with one Iranian once between the decision that was made to pull out,” said Kerry, the unsuccessful 2004 Democratic presidential candidate who became the top U.S. diplomat during President Barack Obama’s second term.

“I saw the foreign minister briefly for a few minutes at the Munich Security Conference. But, I have not said a word subsequently to what they ought to do or not do. It’s not my business.”

When asked to clarify whether there had been any back-channeling, Kerry replied: “No, I haven’t had any back-channel on that issue since the decision was made to move out. And before that it was not a back-channel.”

Kerry said it has been common practice for previous secretaries of state, U.S. senators and many others to continue having public discussions with people “as a matter of being well informed.”


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: sam meredith
Keywords: news, cnbc, companies, state, pompeos, havent, officials, word, decision, issue, foreign, iran, subsequently, criticism, john, iranian, kerry, talked, meetings, rejects, secretary


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