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