The president’s ability to index capital gains to inflation has been widely viewed as illegal, although supporters see hope in recent legal developments.
The current administration has been under pressure from some, like Sen. Ted Cruz (R-Texas), to index capital gains for inflation. Although he has previously waffled on the move, President Donald Trump on Aug. 30 indicated support for the idea, retweeting two messages backing it.
He added “An idea liked by many?” to a tweet from Forbes Media Chairman Steve Forbes, which linked to a Cruz co-authored article seeking the change.
Trump hasn’t so far seemed concerned ...
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