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Capital Gains tax cut being considered

Summary:
Trump looking very strongly at doing it via Executive action: Bloomberg sat down with Donald Trump today in the Oval Office. Lots of news: he'll bail on WTO if they don't shape up, say Sessions is safe until after the midterms and more. Here's a taste: https://t.co/XXCwjG3s8k — Craig Gordon (@dcraiggordon) August 30, 2018 The capital gains change would slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price for inflation. The change has been a longtime goal of Trump’s top economic adviser, Larry Kudlow, who says the policy would spur job creation and economic growth because people wouldn’t be taxed on what he’s called “phantom income.” Nice metaphor Larry...

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Trump looking very strongly at doing it via Executive action:

The capital gains change would slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price for inflation. The change has been a longtime goal of Trump’s top economic adviser, Larry Kudlow, who says the policy would spur job creation and economic growth because people wouldn’t be taxed on what he’s called “phantom income.”

Nice metaphor Larry...

Capital Gains tax cut being considered

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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