Trump looking very strongly at doing it via Executive action:
Bloomberg sat down with Donald Trump today in the Oval Office. Lots of news: he'll bail on WTO if they don't shape up, say Sessions is safe until after the midterms and more. Here's a taste: https://t.co/XXCwjG3s8k— Craig Gordon (@dcraiggordon) August 30, 2018
The capital gains change would slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price for inflation. The change has been a longtime goal of Trump’s top economic adviser, Larry Kudlow, who says the policy would spur job creation and economic growth because people wouldn’t be taxed on what he’s called “phantom income.”
Nice metaphor Larry...
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