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Trump ripped for pushing capital gains tax cut during unemployment crisis: ‘Only rich people pay that tax’
President Donald Trump at a White House briefing (screengrab)

Trump ripped for pushing capital gains tax cut during unemployment crisis: ‘Only rich people pay that tax’

President Donald Trump on Monday again floated the idea of a capital gains tax cut in response to the coronavirus economic crisis.


Catherine Rampell, a Washington Post columnist, noted that would do little to help Americans as the richest Americans would receive the vast majority of the benefits.

"Want to know whom this would benefit? In 2019, the richest 1 percent of tax filers reported *three-quarters* of all long-term capital gains," she noted.

Here's what others were saying about the idea:

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