Trump proposes more tax breaks for the wealthy

"The Trump administration is considering adopting a $100 billion tax cut that would benefit primarily the rich through a procedure that wouldn't require congressional action. The US Treasury Department could amend regulations to let taxpayers account for inflation when calculating tax liabilities on capital gains, Secretary Steven Mnuchin says." (Retirement Security SmartBrief, 7/31/18). Details at:
https://www.cnbc.com/2018/07/30/treasury-contemplates-how-to-cut-another-100-billion-in-taxes.html