Bloomberg Tax
Aug. 20, 2019, 7:42 PM

Trump Says He Can Order Capital Gains Tax Break Without Congress

Jordan Fabian
Jordan Fabian
Bloomberg News
Saleha  Mohsin
Saleha Mohsin
Bloomberg News

President Donald Trump said he can cut taxes by indexing capital gains to inflation without congressional approval, a move the White House has been considering for months that would largely benefit the wealthy.

“We’ve been talking about indexing for a long time,” Trump told reporters Aug. 20 at the White House. “And many people like indexing and it could be done very simply. It could be done directly by me.”

Trump’s comments came as the U.S. economy has shown warning signs that could presage a recession, although economists surveyed by Bloomberg News say there’s only a 35% chance of it ...

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