WASHINGTON — As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.
The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one scenario, a household earning up to $200,000 could invest $10,000 on a tax-free basis, although officials noted these numbers are fluid.
“Nothing’s ruled out,” said one senior administration official. “Nothing’s been ruled in, either.”
The development comes as President Donald Trump seeks reelection this fall. He has sought to distinguish himself from his potential Democratic rivals by accusing of them of pursuing “socialist” policies while he has touted tax cuts and deregulation under his administration.
After the Great Recession, the percentage of American households owning stocks fell to 52% from 62% before the crisis, according to Gallup. That percentage reached 55% in 2019, a year when the stock market hit record highs.
The tax break, if enacted, would represent “a pretty substantial amount of money for people” to have for retirement, according to Stephen Moore, economist at the conservative Heritage Foundation and close confidante of the White House.
“That’s the type of thing that would expand ownership,” Moore tells CNBC.
The stock market’s rise under Trump’s tenure is a well-documented point of pride for the president and his top economic officials, who have called the Dow Jones Industrial Average a “barometer” and a “mark-to-market indicator” of the administration’s performance. The S&P 500, seen as the broadest index of corporate performance, has risen 49% since Trump took office.
The White House publicly has been pointing to the package as a new shot of adrenaline in an economy whose growth shows signs of slowing 10 years into an expansion. A payroll tax cut would become an option only if the economy experienced significant decline, according to two senior administration officials. Separately, Larry Kudlow, director of the National Economic Council, has suggested cutting the tax rate to 15% for middle-class earners.
Kudlow and Vice President Mike Pence have suggested that the package could be unveiled in early fall, as voters are deliberating whether to elect Trump to a second term.
New tax cuts are “one of the reasons why we’re going to focus so much energy on making sure that not only do we get President Donald Trump four more years in this White House,” Pence said in a recent interview on the Fox Business Network. “But we’re going to make sure that we reelect a Republican Senate and elect a Republican House of Representatives.”
Any tax cuts would need congressional approval to take effect, a tall order while Democrats have the majority in the House of Representatives. For that reasons, officials described the proposal that would be made public as “ conceptual in nature.”
“It’s sort of an idealistic document,” said a senior official involved in discussions. “If you reelect this administration, this is what you’re going to get.”
【 在 Therock1314 (无名) 的大作中提到: 】 : WASHINGTON — As part of a forthcoming package of proposed tax cuts, the : White House is considering ways to incentivize U.S. households to invest in : the stock market, according to four senior administration officials familiar : with the discussions. : The proposal, one of many new tax cuts under consideration, would see a : portion of household income treated as tax-free for the purposes of : investing outside a traditional 401(k). Under one scenario, a household : earning up to $200,000 could invest $10,000 on a tax-free basis, although : officials noted these numbers are fluid. : “Nothing’s ruled out,” said one senior administration official. “ Nothing : ...................
WASHINGTON — As part of a forthcoming package of proposed tax cuts, the
White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.
The proposal, one of many new tax cuts under consideration, would see a
portion of household income treated as tax-free for the purposes of
investing outside a traditional 401(k). Under one scenario, a household
earning up to $200,000 could invest $10,000 on a tax-free basis, although
officials noted these numbers are fluid.
“Nothing’s ruled out,” said one senior administration official. “Nothing’s been ruled in, either.”
The development comes as President Donald Trump seeks reelection this fall. He has sought to distinguish himself from his potential Democratic rivals by accusing of them of pursuing “socialist” policies while he has touted tax cuts and deregulation under his administration.
After the Great Recession, the percentage of American households owning
stocks fell to 52% from 62% before the crisis, according to Gallup. That
percentage reached 55% in 2019, a year when the stock market hit record
highs.
The tax break, if enacted, would represent “a pretty substantial amount of money for people” to have for retirement, according to Stephen Moore,
economist at the conservative Heritage Foundation and close confidante of
the White House.
“That’s the type of thing that would expand ownership,” Moore tells CNBC.
The stock market’s rise under Trump’s tenure is a well-documented point of pride for the president and his top economic officials, who have called the Dow Jones Industrial Average a “barometer” and a “mark-to-market
indicator” of the administration’s performance. The S&P 500, seen as the
broadest index of corporate performance, has risen 49% since Trump took
office.
The White House publicly has been pointing to the package as a new shot of
adrenaline in an economy whose growth shows signs of slowing 10 years into
an expansion. A payroll tax cut would become an option only if the economy
experienced significant decline, according to two senior administration
officials. Separately, Larry Kudlow, director of the National Economic
Council, has suggested cutting the tax rate to 15% for middle-class earners.
Kudlow and Vice President Mike Pence have suggested that the package could
be unveiled in early fall, as voters are deliberating whether to elect Trump to a second term.
New tax cuts are “one of the reasons why we’re going to focus so much
energy on making sure that not only do we get President Donald Trump four
more years in this White House,” Pence said in a recent interview on the
Fox Business Network. “But we’re going to make sure that we reelect a
Republican Senate and elect a Republican House of Representatives.”
Any tax cuts would need congressional approval to take effect, a tall order while Democrats have the majority in the House of Representatives. For that reasons, officials described the proposal that would be made public as “
conceptual in nature.”
“It’s sort of an idealistic document,” said a senior official involved in discussions. “If you reelect this administration, this is what you’re
going to get.”
大嘴为了股市拼了
也是为了连任
【 在 straybird00 (飞鸟) 的大作中提到: 】
: 大嘴为了股市拼了
每次折腾其实都要多耗费很多射虎社会资源的
●○●○●○●○●○●○●○●○●○●○●○●○●○●
爱思考早觉醒 人人举报 变态辣椒 RebelPepper @remonwangxt
●○●○●○●○●○●○●○●○●○●○●○●○●○●
【 在 Therock1314 (无名) 的大作中提到: 】
: WASHINGTON — As part of a forthcoming package of proposed tax cuts, the
: White House is considering ways to incentivize U.S. households to invest
in
: the stock market, according to four senior administration officials
familiar
: with the discussions.
: The proposal, one of many new tax cuts under consideration, would see a
: portion of household income treated as tax-free for the purposes of
: investing outside a traditional 401(k). Under one scenario, a household
: earning up to $200,000 could invest $10,000 on a tax-free basis, although : officials noted these numbers are fluid.
: “Nothing’s ruled out,” said one senior administration official. “
Nothing
: ...................
10，000 tax free 直接买入stable value etf，不管大盘涨跌都是算是有很高收益啊。
【 在 Therock1314 (无名) 的大作中提到: 】
: 也是为了连任
看能不能通过吧，House那边共和党要抢一些位回来
【 在 straybird00 (飞鸟) 的大作中提到: 】
: 10，000 tax free 直接买入stable value etf，不管大盘涨跌都是算是有很高收益
啊。