Bloomberg: White House Working on Plan to Index Capital Gains, Cutting Taxes by Over $100 Billion Over Ten Years

Bloomberg is reporting, on June 27, 2019, that the White House is moving forward with a plan to index capital gains before the 2020 election to protect against the possibility of a loss by Donald Trump. The plan, which would revamp capital gains taxes through a rule or executive order likely would face legal challenges, a concern that reportedly prompted former President George H.W. Bush’s administration to drop a similar plan.

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Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..