The White House is reportedly weighing whether Trump can sidestep Congress and cut taxes on his own
President Donald Trump signs executive orders extending coronavirus economic relief, during a news conference in Bedminster, New Jersey.The White House is studying whether it has authority to sidestep Congress and cut taxes unilaterally,Congress holds power to set tax policy and waive taxes, and any measure to cut taxes could trigger blowback from both Democrats and Republicans.
President Trump supports a capital-gains tax cut, which experts say would mostly benefit wealthy households.The White House is determining whether President Donald Trump has the authority to sidestep Congress and cut taxes on his own,The newspaper cited a senior administration official granted anonymity. Such a move to cut personal income or business taxes, however, does not appear to be on the horizon so far.
While the president can delay many tax payments for up to a year, Congress holds authority to set tax policy under the Constitution. That power includes forgiving tax bills. Any measure aimed at circumventing the legislative branch could trigger court challenges and criticism from Democrats and Republicans.
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