Trump Administration Eyes Capital Gains Tax Cut
The Trump administration is weighing a cut in the capital gains tax. It would save wealthy Americans up to $20 billion a year, but add to the federal government's red ink.
by Scott Horsley
Jul 31, 2018
2 minutes
The Trump administration is considering another big tax cut.
The administration is studying a proposal to cut capital gains taxes, a move that would primarily benefit the wealthiest Americans.
"There's been a great deal of interest in this provision for a long time," White House spokesman Hogan Gidley told reporters traveling aboard Air Force One Tuesday.
Treasury Secretary Steven Mnuchin told the that if Congress won't cut taxes
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