New York Times reporting that the
Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy
- NYT adds its a "legally tenuous manoeuvre "
Note, the cut is only under consideration says the piece
--
Treasury studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities
- "If it can't get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we'll consider that," Mr. Mnuchin said, emphasizing that he had not concluded whether the Treasury Department had the authority to act alone. "We are studying that internally, and we are also studying the economic costs and the impact on growth."
