Trump regime plotting another huge payoff to wealthy

Reuters

The Trump administration came under pressure on Tuesday from both critics and allies over whether it should proceed with another tax cut for investors and do so without consulting the U.S. Congress.

A White House official confirmed that the U.S. Treasury is looking into the possibility of circumventing Congress to protect gains on capital assets from higher tax bills resulting from inflation. The New York Times reported on Monday that such a move could cut capital gains tax revenues by $100 billion.