Trump reverses, says he's not looking at any tax cuts

President Trump on Wednesday backtracked on his interest in a set of tax cuts he had just one day earlier said the White House was discussing.

“I’m not looking at a tax cut now,” he told reporters before leaving the White House to travel to Kentucky. “We don’t need it. We have a strong economy.”

Trump’s remarks on Wednesday contrast with comments he made on Tuesday, when he said he was looking at a temporary payroll tax cut and suggested indexing capital gains to inflation, lowering the tax burden for investors.

“We’re looking at various tax reductions. But I’m looking at that all the time anyway,” he said at the time.

On Wednesday Trump moved away from that position, saying he's not looking to make the change to capital gains taxes because doing so is “probably better” for upper-income earners and he wants to help the middle class.