Wyden Statement on the Trump Administration’s Potential Plan to Index Capital Gains Rate to Inflation

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Wyden Statement on the Trump Administration’s Potential Plan to Index Capital Gains Rate to Inflation

The following press release was published by the United States Senate Committee on Finance Chairman's News on June 27, 2019. It is reproduced in full below.

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to a Bloomberg report that the Trump administration is considering indexing the capital gains rate to inflation:

“Donald Trump’s primary goal is to further slash taxes for himself and his wealthy political allies. This would be plainly illegal. It would be outrageous to circumvent Congress to again cut the capital gains rate by indexing it to inflation. Republicans must be nervous about Donald Trump’s re-election chances if they are considering such a drastic step to continue looting the Treasury."

Source: US Senate Committee on Finance Chairman's News

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