Trump considers bypassing Congress to cut capital gains tax on wealthy, report says

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Trump considers bypassing Congress to cut capital gains tax on wealthy, report says
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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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