Trump Says He’s Not Planning ‘Elitist’ Capital Gains Tax Break
- He studied the issue for ‘a long time,’ doesn’t ‘love’ it
- President says he could act on indexing without Congress
Donald Trump speaks to the media on Aug. 21.
Photographer: Jim Watson/AFP via Getty Images
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President Donald Trump said Wednesday that he’s not looking to cut taxes by indexing capital gains and that doing so would be perceived as “somewhat elitist” as it would benefit the wealthy.
“I’ve studied indexing for a long time,” Trump told reporters at the White House. “I think it will be perceived if I do it as somewhat elitist. I don’t want to do that.”