Trump Administration Eyes Capital Gains Tax Cut - News Channel One

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Trump Administration Eyes Capital Gains Tax Cut

Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on July 26, 2018 in New York.

The Trump administration is weighing a cut in the capital gains tax. It would save wealthy Americans up to $20 billion a year, but add to the federal government's red ink.

(Image credit: Bryan R. Smith/AFP/Getty Images)



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