New York Times: Trump Administration Is Divided Over Tax Cut for Investors

But critics argue that the administration could open the door to a variety of unintended consequences, including allowing investors to exploit the change. Steve Wamhoff, the director of federal tax policy at the Institute on Taxation and Economic Policy, wrote in a June report criticizing the proposal that indexing capital gains for just certain types of assets, such as stocks, would create new loopholes and tax shelters for investors to game. Read more