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Trump Says He’s ‘Seriously’ Mulling a Capital Gains Tax Cut (1)

Aug. 11, 2020, 11:21 AM

President Donald Trump said he’s “very seriously” considering a capital gains tax cut, a move he decided against last September after saying it wouldn’t do enough to help the middle class.

“We’re looking at also considering a capital gains tax cut, which would create a lot more jobs,” Trump said Monday at a White House news conference.

Watch: President Donald Trump says he’s “very seriously” considering a capital gains tax cut.
(Source: APTN/Bloomberg)

The president can’t unilaterally cut the 20% long-term capital gains rate without Congress, but some advisers tell him he could issue an executive order that would slash tax bills for investors when they sell assets. The move, known as indexing capital gains ...

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