Households earning up to $200,000 a year could invest $10,000 on a tax-free basis outside a 401(k) retirement account.
The Trump administration is considering making it possible for Americans to invest more in the stock market on a tax-free basis, according to a CNBC report on Friday citing four unnamed administration officials.
Households earning up to $200,000 a year could invest $10,000 on a tax-free basis outside a 401 retirement account in one proposal under consideration, the report said. The administration officials said the numbers are fluid, and the tax incentives tied to buying stocks SPX, +0.18% DJIA, -0.09% could be part of a possible election-year stimulus package.
Friday’s report is another instance of the White House hinting at fresh tax cuts from President Donald Trump that would come before the November election. Last year, economic adviser Larry Kudlow said “tax cuts 2.0” might come during Trump’s re-election campaign.A payroll tax cut would become an option only if the U.S. economy experienced a significant decline, the CNBC report said.
Victor Reklaitis Victor Reklaitis is MarketWatch's Money & Politics reporter and is based in Washington, D.C. Follow him on Twitter @VicRek.Comment #div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; } Related Topics
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