Trump Administration Mulls Unilateral Tax Cut for Wealthy - NYT

(Updated - July 30, 2018 4:57 PM EDT)

(Correction cities NYT)

The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, according to the New York Times. The report said the Treasury Department could change the definition of cost for calculating capital gains, allowing taxpayers to adjust for inflation.

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