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White House Not Actively Weighing Capital Gains Tax Change, Source Says

White House Not Actively Weighing Capital Gains Tax Change, Source Says

White House Not Actively Weighing Capital Gains Tax Change, Source SaysThe White House isn’t actively considering the Treasury Department’s push to issue a rule that would slash tax bills for investors who have investment income, according to a person familiar with the discussions. Treasury Secretary Steven Mnuchin told the New York Times earlier this month that his agency was looking at whether it could sidestep Congress to allow capital gains to be indexed to inflation. The change has appeal to some segments of President Donald Trump’s base, but White House officials are aware it would face an immediate legal challenge and has a narrow chance of being sustained, said the person who requested anonymity.

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