ECONOMY/TAXES/TRUMP AS PRESIDENT: “President Donald Trump on Friday [8-30-19] again flirted with the idea of easing capital gains taxes, after swearing off the idea last week because it could be seen as ‘elitist.’ Trump retweeted an article co-authored by Sen. Ted Cruz (R-Texas) and conservative anti-tax crusader Grover Norquist calling for the capital gains tax to be indexed to inflation, a move that would effectively cut taxes on the sale of assets like stocks. He also shared a tweet from Club for Growth, another conservative group focused on slashing taxes, asking him to index capital gains to inflation…Trump has publicly floated the idea of various tax cut proposals as signs have emerged that the economy could be veering toward a recession. Such a move, which conservatives have pushed for in the past, is still a possibility, a senior administration official said this week, though the official cautioned that nothing immediate was happening.”
–Caitlin Oprysko and Arren Kimbel-Sannit, “Trump again flirts with easing capital gains taxes,” Politico, August 30, 2019 11:40 am