White House Considers Capital Gains Tax Break That Would Benefit Wealthy
- Trump team considering bypassing Congress to adopt change
- Trump would likely face legal challenge by acting on his own
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The White House is developing a plan to cut taxes by indexing capital gains to inflation, according to people familiar with the matter, in a move that would largely benefit the wealthy and may be done in a way that bypasses Congress.
Consensus is growing among White House officials to advance the proposal soon, the people said, to ensure the benefit takes effect before President Donald Trump faces re-election in 2020.