JM Rieger @RiegerReport Video Editor, The Washington Post • [email protected] Jul. 31, 2018 1 min read

NYT - “The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.”  https://www.nytimes.com/2018/07/30/us/politics/trump-tax-cuts-rich.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top-stories 

TRUMP on indexing capital gains to inflation, which would amount to a tax cut for investors:

"I’m thinking about it very strongly.”

If enacted, more than 63 percent of the benefit would go to the top 0.1 percent of taxpayers.

 https://www.bloomberg.com/news/articles/2018-08-30/trump-says-thinking-about-indexing-capital-gains-to-inflation?srnd=politics-vp 

The White House is developing a plan to bypass Congress and cut taxes by indexing capital gains to inflation.

The 2018 Penn Wharton model found it could reduce tax revenue by $102b over 10 yrs.

The model estimates the top 1% would get 86% of the benefit.  https://www.bloomberg.com/news/articles/2019-06-27/white-house-mulls-capital-gains-tax-break-that-benefits-wealthy 


You can follow @RiegerReport.



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