Trump Says He’s Exploring ‘Various Tax Reductions’ and the Economic Data He Loves Shows Why

President Trump on Tuesday confirmed that he is considering “various tax reductions,” including a payroll tax cut, to stimulate the economy as many of the indicators his administration has used to showcase a Trump-fueled economic “boom” have fizzled on the back of the president’s escalating trade fights. Companies that Mr. Trump has pointed to as signs of economic strength are now warning of weakness. United States Steel, an early champion of Mr. Trump’s metal tariffs and a frequent mention in the president’s Twitter feed, is idling workers and slowing production…

Economic Trouble Signs Hang Over Trump’s Trade War

WASHINGTON — Against the backdrop of mounting evidence that the global economy is weakening, President Trump is caught between his desire to pursue the trade war with China he promised to win and his need to keep the economy humming as the 2020 election approaches. That conflict explains some of the messaging from Mr. Trump in public and on social media in recent days as market gyrations undermine the confidence of investors. The president has insisted that his tariffs on Chinese imports are hurting only China, telling reporters on Thursday…

Trump’s Push to Bring Back Jobs to U.S. Shows Limited Results

WASHINGTON — From tax cuts to relaxed regulations to tariffs, each of President Trump’s economic initiatives is based on a promise: to set off a wave of investment and bring back jobs that the president says the United States has lost to foreign countries. “We have the greatest companies anywhere in the world,” Mr. Trump said at the White House recently. “They’re all coming back now. They’re coming back to the United States.” Mr. Trump’s tax cuts unquestionably stimulated the American economy in 2018, helping to push economic growth to…

Help for the Economy? Despite Grumbling, Trump Has Had Plenty

President Trump has complained that the Federal Reserve has been hurting the economy, first by raising interest rates and then by not lowering them fast enough. “No help from Fed!” he said on Twitter last week, in what has become a typical broadside. But a New York Times analysis shows that under Mr. Trump, Fed policy has supported Mr. Trump’s push for economic growth. In fact, the central bank has kept interest rates lower than under any other president since Jimmy Carter, when adjusted for the economy’s output and inflation.…

As Mortgage-Interest Deduction Vanishes, Housing Market Offers a Shrug

PLAINFIELD, Ill. — The mortgage-interest deduction, a beloved tax break bound tightly to the American dream of homeownership, once seemed politically invincible. Then it nearly vanished in middle-class neighborhoods across the country, and it appears that hardly anyone noticed. In places like Plainfield, a southwestern outpost in the area known locally as Chicagoland, the housing market is humming. The people selling and buying homes do not seem to care much that President Trump’s signature tax overhaul effectively, although indirectly, vaporized a longtime source of government support for homeowners and housing…