Senate Finance Committee Ranking
Member Ron Wyden, D-Ore., today released the following statement in reaction to
a Bloomberg report that the Trump administration is considering
indexing the capital gains rate to inflation:
“Donald Trump’s primary goal is
to further slash taxes for himself and his wealthy political allies. This would
be plainly illegal. It would be outrageous to circumvent Congress to again cut
the capital gains rate by indexing it to inflation. Republicans must be nervous
about Donald Trump’s re-election chances if they are considering such a drastic
step to continue looting the Treasury.”
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