Market Watch
Analysts are pinning the stock market’s gains on Tuesday in part on President Donald Trump saying at Monday night’s news conference that his administration might reduce taxes on capital gains.
How could that be done?
“An actual cut of the rate (currently 20%) would require the support of Congress, although an executive order allowing the indexing of capital gains to inflation might be a realizable objective,” said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, in a note.
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