buybacks politics Trump

Trump Trolls America: ‘I’m Strongly’ Considering $100 Billion Capital Gains Break For The Rich

Revisiting the perpetual motion machine for exacerbating inequality.

The timing on Donald Trump's comments to Bloomberg about the possibility of indexing gains on investments to inflation left something to be desired. Trump isn't a man who cares much for optics but you'd think he would have at least considered the possibility that broaching the subject of a capital gains tax break on a day when he nixed an across-the-board pay raise for federal employees would look really, really bad. In a Thursday letter to Speaker Paul Ryan, the President canceled pay raises scheduled for January on the excuse that the U.S. needs to be put on a more sustainable fiscal path. As detailed at length here, that's rather hypocritical coming from a man who last December pushed through a tax cut that ballooned the deficit. Throw in the fact that Trump was all set to spend tens of millions of dollars on a Third World-style military parade and you can't help but wonder if the President is just trolling working Americans at this point. "After being rebuffed in an attempt to peel back the union protections of federal workers, President Trump took aim elsewhere on Thursday, invoking authority that he and other presidents have used previously, telling Congress he was canceli
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