Trump says White House looking at payroll tax cut

President Trump on Tuesday confirmed the White House is discussing a temporary payroll tax cut as a strategy to boost the economy, even as he maintains the country's economic outlook remains strong.

"I’ve been thinking about payroll taxes for a long time. Many people would like to see that," Trump told reporters in the Oval Office during a meeting with the Romanian president.

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

He said that the administration is also looking at doing something on the capital gains tax, but cautioned that nothing has been decided. 

Trump disputed that a recession was looming after reports circulated that the temporary payroll tax cut was being discussed as one way to boost the economy amid anxieties of a looming recession. The White House on Monday and earlier Tuesday denied those reports.