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"Everybody's concerned about the fact the economy's slowed down," said Moore, who thinks the problem has been overstated. "I think people are going to look foolish a couple of months from now."
Is Trump's economic team up for a trade war? →
Stephen Moore, who has served as an informal adviser to the White House, told The Washington Times on Monday that officials were discussing the use of revenue from tariffs on China — $30 billion to $40 billion per year — to partially offset a payroll tax cut.
Donald Trump says he's considering cut in payroll taxes, calls on Fed to cut rates →
