More idiocy from the White House
Trump says he's seriously considering a capital gains tax cut -- supposedly as a measure to boost growth. Rates are already low historically and the cut would go overwhelmingly to the rich, who are less prone to spend it. If there's one thing that isn't the answer to economic problems right now, it's more cheap capital sloshing around looking for a marginal deal. Most of the issue right now is a drop in demand.
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Link: Bloomberg
Posted: 08/10/2020 at 11:44PM