Mnuchin Downplays Idea of Capital Gains Revamp in Next Stimulus

June 10, 2020, 4:11 PM

Treasury Sec. Steven Mnuchin downplayed the possibility of the Trump admin. pushing capital gains tax changes as part of a next economic aid package.

  • Republican Sen. John Kennedy asked Mnuchin during a Senate Small Business Cmte hearing about relaxing capital gains taxes as a way to encourage business investment
  • “It’s something we’ve discussed,” Mnuchin said
  • Mnuchin added: “My opinion right now is that the Fed facilities have unlocked the capital markets. There’s a lot of liquidity for investment.”
    • “That’s something we’ll look at, but I think we’re much more targeted at getting back to work”: Mnuchin
  • NOTE: Conservative activists have ...

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