, Columnist
A Capital Gains Tax Cut Won’t Help With Coronavirus Relief
Republicans need to move on from their obsession with the issue.
Another not-so-capital idea.
Photographer: Tasos Katopodis/Bloomberg
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The elimination of payroll and capital gains taxes “must be put on the table” in negotiations over the next coronavirus relief package, says President Donald Trump. His emphasis on capital gains taxes is new, though they have long been a marquee issue for his party. That needs to change.
A running joke in Washington is that Republicans’ preferred solution to any problem, whether a recession or an alien invasion, is to cut the capital gains tax. As silly as that sounds there is, or at least was, a straightforward logic to it.