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Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress
Politicszerohedge13d ago

Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress

Senators Ask Treasury To Unilaterally Index Capital Gains, Bypassing Congress Senators Ted Cruz and Tim Scott are asking Treasury Secretary Scott Bessent to unilaterally implement a major capital gains tax cut -- by letting taxpayers adjust their cost basis to account for the effects of inflation. In a letter they intended to send on Tuesday, the pair will argue that it's within Bessent's authority to make such a move, without the need for legislation, “Using your executive auth...

Warsh's Senate Confirmation Blocked by Tillis
PoliticsbloombergFox Newscnbc+2seeking-alphazerohedge5d ago5 sources

Warsh's Senate Confirmation Blocked by Tillis

Senator Thom Tillis is reportedly blocking Kevin Warsh's Fed confirmation hearings, with Senator Tim Scott hoping the probe into Fed Chair Jerome Powell 'goes away' to allow a vote on Warsh's confirmation.