President Trump backtracks on possible tax cuts

President Trump backtracks on possible tax cuts


LAUREN: PRESIDENT TRUMP SAYS HE IS NO LONGER CONSIDERING TAX CUTS TO BOOST THE ECONOMY. OUR NEXT GUEST SAYS THE TAX TURNAROUND IS JUST VERBAL TWEETING. DOUG FLYNN IS A CERTIFIED FINANCIAL PLANNER AND CO-FOUNDER OF FLYNN ZETO CAPITAL MANAGEMENT. HE JOINS US NOW. DOUG, CALL IT WHAT YOU WANT. IT IS CERTAINLY BACKTRACKING. WHY?>>WELL, WHAT IT DOES IS IT SET HIM UP FOR TO I DO HIM UP FOR TODI DO HIM UP FOR TODAYDO HIM UP FOR TODAY WHERE HE’S TALKING ABOUT HOW STRONG THE ECONOMY IS. IT SETS HIM UP NOW TO TALK ABOUT HOW STRONG THE ECONOMY IS AND WE DON’T NEED THE TAX CUTS. LAUREN: YOU THINK THAT WAS PLANNED IN ADVANCE OR WAS IT MORE OFF THE CUFF? BOTH DONALD TRUMP AND THE WHITE HOUSE SAID THEY’VE BEEN CONSIDERING WAYS TO BOOST THE ECONOMY FOR SOME TIME NOW.>>I THINK THEY’RE ALWAYS LOOKING AT ALL DIFFERENT WAYS TO BOOST THE ECONOMY. CERTAINLY A PAYROLL TAX CUT IS SOMETHING. POLITICIANS FLOAT STUFF OUT THERE, SEE WHAT THE PUSHBACK IS. I THINK HE’S ONE TO TWO STEPS AHEAD SO HE CAN SAY SOMETHING AND THEN TURN IT AROUND. LAUREN: A LOT OF OF THIS IS AROUND PERCEPTION AND HOLDING THE ECONOMY FOR 2020. HE DID GET PUSHBACK ON INDEXING CAPITAL GAINS TO INFLATION, THAT BEING ELITIST. HOWEVER, THERE SEEMED TO BE SUPPORT AROUND THE PAYROLL TAX CUT. THAT’S SOMETHING PRESIDENT BARACK OBAMA HAD DONE. WHY WOULDN’T HE DO THAT.>>I THINK IT’S PROBABLY A MATTER OF YOU DON’T NEED IT. I THINK THE ECONOMY IS STRONGER THAN PEOPLE KEEP WANTING TO SAY THAT IT IS. YOU CAN HOVER AROUND 2% GDP GROWTH IN AN AROUND THAT RANGE TWO, TWO AND-A-HALF AND DO REALLY WELL WITHOUT OVERHEATING AND WE CAN TURN IT INTO A RECESSION JUST BECAUSE WE’RE DOWN FROM 3, NOT — THAT’S NOT THE ONLY REASON WHY WE WOULD DO THAT. LAUREN: LET’S TALK ABOUT SOME OF THE TOOLS THE ADMINISTRATION AND THE FED HAS IN THEIR TOOLBOX TO DEAL WITH A SLOWDOWN IN THE ECONOMY. THIS IS SOMETHING THAT THE EDITORIAL BOARD OF THE WALL STREET JOURNAL WRITES. THEY SAY CUT THE TRUMP UNCERTAINTY TAX. HIS BEST STIMULUS POLICY WOULD BE TO END HISTORY CAMPAIGN AND THIN WE HAVE OVERNIGHT CHINA SAYING MEET US HALFWAY, EXPECT RETALIATION IF YOU GO THROUGH WITH THE SEPTEMBER TARIFFS. WHAT ARE YOUR THOUGHTS?>>THERE’S NO DOUBT THE TARIFF UNCERTAINTY IS CAUSING THE FED TO SORT OF WAIVER TO SORT OF WAVVER TO SORT OF WAVERR TO SORT OF WAVER ON HOW MUCH THEY’RE GOING TO CUT RATES. I THINK HE’S CALCULATING THE MARKET AGAINST THAT TO TRY TO GET A BETTER DEAL FOR THE U.S. AS FAR AS WHERE DO WE GO FROM HERE, THE U.S. IS A VERY RESILIENT ECONOMY WITHIN ITSELF WITH 70% OF IT COMING FROM THE CONSUMER. WE DON’T RELY A LOT ON EXPORTS COMPARED TO OTHER COUNTRIES RELATIVE TO THEIR GDP. SO WE CAN WITHSTAND MORE THAN I THINK PEOPLE THINK. IT IS CAUSING UNCERTAINTY BUT I THINK THE ECONOMY IS FUNDAMENTALLY STILL PRETTY GOOD,

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About the Author: Oren Garnes

100 Comments

  1. What's happening with the fooking FOX NEWS?
    THEY ARE NOW ANTI TRUMP & INCHING TO LEAN & SIDED THE FAKE NEWS GANGS.

    I knew since the new boss is liberal, its time for me to bolt OUT OF FOX!!

  2. FEAR MONGERING FACT TWISTING MANIPULATING DECEPTIVE MEDIA WHY IS DEMOCRATS HOLDING FUND RAISERS IN OTHER COUNTRIES….. BECAUSE THEY WORK FOR THEM….

  3. Cadet Bone Spurs is now TRUMPUTIN the Orange Mussolini LOCUST King leading a swarm of ravenously hungry LOCUSTS intent upon devouring our cherished democracy.

  4. OUR economy is strong and their is no sign of a US recession. In fact the National Debt is slowing down dramitically.
    You know, I didn't vote for him based on getting a tax cut.
    My hometown of Jackson Michigan and the rest of the rust belt was destroyed by the Carter Misery Years. Millions of our jobs in the auto, stell and oil industry went overseas.
    So for me it was about bring our jobs back home and putting the 95 million workers back to work that are locked out of the job market.
    So Neil Boortz explained it in his Fair Tax book that we need to bring back the "$14 Trillion in off shore banks" back to our country. Lower the tax rates on the rich. I'm not rich. My tax cuts were a surprise and I know what to do with my money.. The tax cuts were about bring that $14 trillion back home and invest in Made in the USA. The Tax cuts are working!
    The tariffs are working.
    The CBO puppets want to keep the same corrupt plan working.
    Why are we sending jobs to countries with Slave labor wages, no EPA, No OSHA, No Human Rights or Child Labor Policies or threat of Union Contract? These rules that we place on ourselves drive our jobs of to some 3rd World Marxist Dictatorship and we should all be mad as hell.
    Trump's EPA rules are reasonable. The EPA was never about driving companies away. The EPA was supposed to help businesses become ecologically friendlier. Under Jimmy Carter, the EPA became the Gestapo.

  5. Donald Trump was a glue sniffer at the age of 9.
    He continued the habit while he attended military academy for 5 years.
    His father kept writing generous checks while Donald's teachers and administrators looked the other way.
    Same thing at the Wharton School of Business. That's why you will never see his grades. We have a GLUE HUFFER in Chief.

  6. 🤣🤣he actually thinks what he did by cutting the tax rate really is tax cuts. It's cutting the taxation of people, by GOVERNMENT SPENDING which he is on STEROIDS and running up the debt like nobody business 😡, I hope you TRUMPERS KNOW that this is a part of socialism. Everybody gets 💰💰💵 know government programs are cut, cutting TAXES while still doing tarriffs which is taxation on the AMERICAN PEOPLE

  7. Wow Fox you're starting to make me want to puke! Your foul commentators and reporters are starting to get just like CNN

  8. Our genius president can say something this morning, and as things change through the day his strategy may change. It's too bad that his distractors expect perfection from him yet completely ignore all the crimes perpetrated against him from the Democrats. I think he has done very well.

  9. Fox, your liberal bias is showing.
    If they're on the boob tube, then they are all part of the same corporate communication cesspool. Fox has a few conservative voices FOR RATING PURPOSES ONLY; it's their gimmick for more ad dollars. All other networks have zero conservative voices. Look elsewhere for honest reporting because it certainly does not exist on tv.

  10. FOX is lying. President Trump NEVER SAID he was going to do a tax cut on payroll. .FAKE NEWS said he said it FOX is the new MSNBC and CNN. .disgraceful

  11. Just his way of making you speculate/guess, by actually changing his mind. You cannot predict what he is doing. Maybe the whole thing was a diversion of your attention while he is doing something else/different.

  12. But what happened to Trump’s booming USA economy and the millions of newly created jobs, were they just a figment of somebody’s wishful thinking. No country can drive spending to the moon and survive……

  13. Here we go again. Republicans skyrocket deficits with massive deficit exploding tax cuts for the rich, and stagnate the world economy. If Trump crashes the economy as hard as war criminal Bush. His trillion dollar deficits will become three trillion dollar deficits. Democrats may not be able to reverse the next Republican led economic collapse.

  14. TARIFFS: Mr.
    POTUS, US
    Consumer's ONLY pay for the Tariff, by their own choice by buying the Tariff
    products. That is called informed consent!!! The Tariffs are paid by Chi-Com
    businesses/importers, the moment they enter the country—-whether they
    eventually sell or Not! Mr. POTUS, you Need to BREAK the BACKS of the Chi-Coms Economy
    BEFORE 2020, by raising the Tariffs to 100%-200% or however much it takes to
    bring them down. The Chi-Coms export to USA in a 5 to 1 $ Dollar Ratio. We would
    experience some effect but could Bite the Bullet long enough for this to
    work!!! Also, it would result in American Businesses Coming back home. Actively
    Solicit those businesses and Sweeten the Deal with some Tax Based Incentives.
    Think about how many new jobs that would be created. Those Businesses that
    won’t come home will just be SOL, as with Proper incentives the American
    Entrepreneur WILL RISE to the needs of the Nation!!!

  15. Mr. POTUS:
    Protect US jobs / businesses / Farmers!! Triple the Tariffs!!! Result? Those
    importers will find NO Profit in their Goods and Services. KICK START the
    American investors / Entrepreneurs with High Incentives, to produce those
    products in the USA.

    An optional additional
    offset COSTS and BOOST the Economy!!
    STOP Bankrolling
    those Nations in need, With Cash!!! Those nations in need cannot eat money! They’re
    in need because their Corrupt Leaders, Cartels, and Organized Crime, etc., Skim
    off most, or ALL the Money. INSTEAD take the cash normally sent, and Buy US
    Goods / Produce / Equipment, and give these things instead of Cash! Also insist
    on a US Representative be allowed to oversee on location, the distribution of
    the Goods etc.  This will be a tremendous
    help to US Farmers and Manufacturers. We still help the needy nations as well
    as our own. Could result in increased Farming Jobs as well as Industry, cutting
    the waste. This is an ABSOLUTE WIN-WIN !!

  16. It's like watching a M.A.S.H. episode where the MSM is Frank Burns and Hawkeye Trump just turns it al back in his face."I can step in the tent; I can step out of the tent! I'm in. I'm out. I'm in, again!" DJT IS THE PUPPET MASTER!

  17. HAS TRUMP BEEN REPLACED??? I HAVEN'T WATCHED THE NEWS FOR ONE MONTH AND WATCHED FOR THE FIRST TIME TODAY AND MY VERY FIRST THOUGHT WHEN I WAS WATCHING HIM WAS ….THATS NOT TRUMP!!! OUR PRESIDENT HAS BEEN TAKEN OVER THIS IS NOT THE SAME TRUMP …WHAT THE CRAP IS GOING ON ???????? THEY MUST HAVE REPLACED HIM WITH A PUPPET

  18. Republicans….we are losing the nation. The deficit is growing out of control and with the interest rates low, we only have until the world economy bounces back before we slip into a recession. The tax cuts and the deregulations have unforeseeable to many of you harken in an economic disaster just waiting to happen. This was seen with George W. Bush and Obama came in to clean it up. Then you all added Donnie Trump and we are going back into high risk. The economy is better for the market but not so hot for the workers. Once people cannot afford the products and services due to high costs or get loans as the credit ratings are not picture-perfect, you will see the stalling effects of a recession begin to form as you see now. Hate is not viable or sustainable in business. Doing business and allying with nations that wish to undermine the nation is not a good policy. Embarrassing the nation is not a good policy.

  19. STOP! Using Facebook, Twitter, Instagram, Etc… What do you really need it for??? "Likes", Ego and phony pretend "friends" ??? You are letting these "pimple faced nerds" dictate, influence and control your life and the world… do you really want a pimple faced d¤uchebag like "Mark Zuckerf¤ck" and likes telling you what to do ? you're giving them power over YOU, the day they don't like what you do or say and block your account you're F¤cked ! PeOpLe ClOsE YoUr AcCoUnTs !!! and start living !

  20. The orange quack now States he's the chosen one and wants to give himself the medal of honor. He's clearly insane and needs to be removed. Now!!

  21. La derrota de EEUU es inevitable .. la posición geográfica de México pieza clave para la Victoria de Rusia y de china. .. . .. . .. . .. . … atte Iván Alejandro Cortés Aceves

  22. Why is so many trump supporters saying in this comment selection that the debt and deficit is going down it's going way up

  23. We don't know when the next crisis going to come but it been 10 years since the last one so one could come next year

  24. Everyone criticize obama for the debt and deficit where are the same people to critize trump the debt is higher under him and spending is why up and the deficit has double under his watch no gop lawmakers even care about the debt anymore like when clinton and Obama was in office

  25. This dude is dumb the American working class dont need a payroll tax cut. This tax cut is very good for the working poor we will feel it immediately

  26. Looking forward to hear Trump's unhinged comments about the 2018 revised job report lol. Who will he blame and what insane comments or tweets will Trump use to deflect and distract in an attempt to control the news cycle? Trump can't use his typical racist remarks and Greenland is off the table? Maybe Trump will say he wants to buy Canada?

  27. Tax cuts for the wealthy do not stimulate the economy, we can go back as far as the 1920s and every time since then it just makes the rich richer. Trump is a fool

  28. This guy got his pat on the head and gold star from the Trump Administration today for spreading their fake news propaganda. Trump is mentally unstable idiot who can't plan strategy past the words that are coming out of his mouth at the moment

  29. He could help us and backtracks? Wow, BIG surprise. Further proof that he's a joke who always chokes

  30. Love the way most of the Trump haters here including this anchor are triggered. ALWAYS a good day when the lefties get triggered and melt away in full display of tv land and otherwise- YES!! Nice to see failed obama's legacy almost gone and destroyed forever. TRUMP 2020.

  31. Penceand the Republicans are traitors to AMERICA and Barr is worse.hes killing the constitution of the UNITED STATES.are you kidding jail these TRAITORS.

  32. Tulsi Gabbard is a Presidential candidate with intelligence, poise, dignity, integrity, respect, honesty and care for this country.
    Yet this network and its talking heads give trump the headline multiple times each day while Tulsi Gabbard is away serving her tour in the army.
    This network is purely corrupt and is actually the Fox A-Hole network

  33. Good . . . but when are we going to see the national debt clock ( below ) start to tic lower?
    usdebtclock dot org

    Today we hit $176B as the cost sofar for Illegal Immigration in our country? We will reach $300B by years end . STUPID.
    Shut down that border and put our farmers back to work.

    TRUMP/PENCE 2020 MAGA & A

  34. Sony and Disney announce no more Spidey in MCU and Sony pulled off it's own Snappening….THEN the stocks crash and we about to be in a recession because of it lol

  35. Bet the imbecile tries once again with the tax cuts for himself and his pals after killing us with his deficit!

  36. Trump: passed $1.5 trillion tax cuts for corporations, increased military spending, raised debt ceiling, asked FED to print more money and cut rates, create trade conflict around the world, interfere in other countries' affairs, all these policies are disasters for US economy and interests

  37. tax cuts- media response horrible idea
    ok no tax cuts- media response even more horrible idea- exposing media foolishness

  38. You meant to say Trump Lies About Tax Cuts Again….o im so shocked the worlds most honest and stable genius president would go back on his word o my stars!!!

  39. Only you idiot at russian-Fox News and your view believe the sh*t that come out of Trump liar mouth and onething Trump never been smart ? because his father wouldn't have to pay off school and college and military school to cover up his record and grade.

  40. Recession is coming. Let us all thank Trump, the "King of Bankruptcy". When there is a good economy…there is no reason why we should lower the interest rate. So, in other words, Trump is admitting that a recession is coming.

  41. A man who has bankrupted literally every company he's ever started, was elected president of the United States.
    Every country has dimwits

  42. Trump backtracks on his backtrack from his previous backtrack. If not for the bonespurs, he would’ve been a champion moonwalker.

  43. Well with the tariffs pretty much most average people got screwed, everything they buy comes from China and they're paying the tariffs.

  44. Donnie diapers polled with 65% disapproval rating!!! Great! Now all the country needs is a 100% disappearence… Hilarious!!!!

  45. I’d like to thank the occupants of the White House for helping me want to understand politics and Wall Street.
    I can twist the Bible however I want to sound like I’m sane.

  46. Trump is definitely the worse President this country's ever elected! I'm praying for the day when the nonsense ends with his first electoral defeat or his impeachment… whichever comes first!

  47. I wish the CBC would take a lesson from Fox News with these beautiful intelligent anchors. The CBC loves their anchors to be frumpy, out of shape old women. There soooooo progressive.

  48. CHINA SUCKS!! WE DONT NEED THEM!! BRING ALL OUR COMPANIES AND MANUFACTURING HOME!! YOU IDIOTS DO NOT GET IT, THEY ARE ROBBING US BLIND, AND BUILDING THEIR MILITARY AGAINST US!! NOW IS THE TIME TO MAKE THE CHANGES AND PROTECT AMERICA FROM CHINA AND ITS TREACHERY. NONE OF YOU IDIOTS WOULD MAKE IT IN BUSINESS, YOU HAVE NO GUTS!!

  49. WE MUST BACK OUR PRESIDENT AND STOP SURRENDERING TO THESE DEM RATS THAT DO NOT CARE ABOUT US! THEY ARE USING THIS TO CREATE SEPARATION AND UNCERTAINTY!! WE MUST STAND STRONG AND STAND TOGETHER!!

  50. You're all so stupidly ignorant
    THE DEBT IS FAKE!! FAKE FIAT MONEY DEBT CAN BE WIPED WITH A DEFAULT!! FED RESERVE IS FAKE, IRS, TAXES, LOANS, CB, BANKS, ETC. ETC!! No geniuses here!! He's the genius!! Got Military totally fixed up with new everything from planes to weapons and more, tax cuts and more money for people, etc!! Do some research!! OMG!! Bunch of idiots with no brains, just tongues flapping!! Greatest genius President, EVER!!

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