Bloomberg Tax
Aug. 30, 2019, 12:54 PM

Trump Signals Support for Cruz’s Push to Index Capital Gains Tax

Josh Wingrove
Josh Wingrove
Bloomberg News

President Donald Trump retweeted a pair of messages pressing for the U.S. to index capital gains to inflation, a move that would slash the tax payable on any asset that’s appreciated in value over a lengthy period of time.

Trump on Aug. 30 retweeted Forbes Media Chairman Steve Forbes, who’d circulated an article co-authored by Republican Senator Ted Cruz calling for indexation.

“An idea liked by many?” Trump added, after recently having described the notion as “somewhat elitist” and saying he wasn’t interested in it.

Moments later, the president retweeted a message -- this time without further comment -- from ...

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