May 30, 2020

Salon.com: About 75% of Trump’s Proposed Coronavirus Capital Gains Tax Cut Would Go to the Top 1% of Earners

media mention

Steve Wamhoff, the director of federal tax policy at the liberal-leaning Institute on Taxation and Economic Policy (ITEP), argued that “proponents of capital gains tax breaks have always offered a weak argument that they encourage investment” but Trump’s proposal is more dubious given that it is only a temporary cut.

A temporary cut “is supported by no argument at all,” Wamhoff said, since “it would only reward investments made in the past while doing nothing to encourage new investment.”

Read more



Share