The Trump administration is considering cutting capital gains taxes, which would primarily benefit the wealthy, according to Bloomberg.
The Trump administration is reportedly considering cutting capital gains taxes, which would primarily benefit the wealthy, Bloomberg reported Thursday, citing people familiar with the matter..Such a move would likely face legal challenges.Saul Loeb | AFP | Getty Images
The change, which Bloomberg said would be enacted through an executive order or rule change, would likely face legal challenges. Administration officials are split over whether to pursue it, the report said.
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