MacroAug 11, 2026, 11:18 PM

Trump Reportedly Considering Capital Gains Tax Cut Before Midterms

President Trump is exploring a capital gains tax rate reduction ahead of the midterm elections, according to Bloomberg. The last major such cut was in 2003.

President Trump is weighing a cut to capital gains taxes, Bloomberg reports, as the midterm elections approach. The United States has not enacted a major reduction in these rates since 2003, when the top rate was lowered to 15%.

If implemented, such a move could have significant impacts on investment and market sentiment. No details on the proposed rate or timing have been released.

Source: The Kobeissi Letter

7hMacroUS Manufacturing PMI Hits 56.0 in October, Highest Since May 2022S&P Global's US manufacturing PMI rose to 56.0 in October, beating expectations, while services and composite measures slipped slightly but remained near multi-year highs.
11hMacroNew US and Chinese AI billionaires add $87 billion in nine monthsCombined wealth of first-time AI billionaires from the US and China rose by $87 billion in the first nine months of 2026, reaching $221 billion, according to The Kobeissi Letter.
1dMacroAI token spending growth slows to 0.2% in September, lowest since November 2025Monthly AI token spending rose just 0.2% in September, the weakest pace since November 2025, as lower model prices and efficiency gains cut the average cost per million tokens.
1dMacroBorn2trade CEO: “Everything is about gold now. Gold traders dictate industry standards and features”Konstantin Rashap, CEO of Born2trade, says 70-90% of retail clients now trade gold, forcing brokers to compete on overnight swap costs, leverage and loyalty incentives rather than spreads alone.
2dMacroJapan Economy Minister Kiuchi Urges BOJ to Follow Joint StatementJapan’s economy minister Kiuchi said he hopes the Bank of Japan will guide policy appropriately based on its joint statement with the government, which calls for stable and sustainable price stability.

Related