President Donald Trump is looking to roll out new policy proposals ahead of the November midterm elections, with capital gains tax changes and a larger exemption for home sales among ideas gaining attention in Washington.
Capital Gains Take Center Stage National Economic Council Director Kevin Hassett said Tuesday that Trump wants to enter the midterm campaign focused on what Republicans could deliver if they retain power in Congress.
"He wants to hit people with the promises of what we are going to do if the Republicans have power in the future, Hassett said in an interview with Fox Business host Larry Kudlow.
" "So you can expect a lot more policy between now and the midterms, as we’ve been talking about, and I’m sure that’s why he was talking to you, Larry, about your great ideas on capital gains." Earlier this year, Republican Sens.
Ted Cruz (R-TX) and Tim Scott (R-SC) pushed for indexing capital gains to inflation, with their proposal estimated to reduce federal revenue by about $200 billion.
