GOP Senators Press Treasury To Approve $200 Billion Capital Gains Tax Break Bypassing Congress - Financial Freedom Countdown

Sens. Ted Cruz and Tim Scott are urging the Treasury Department to approve a $200 billion capital gains tax cut by indexing gains for inflation without congressional approval, arguing the move would boost investment, create jobs and ease housing market pressures. The proposal faces legal uncertainty and criticism from tax experts who say it would overwhelmingly benefit wealthy households and likely require an act of Congress.