Remember when Trump denounced executive orders? And his base cheered?

"The White House is developing a plan to cut taxes by indexing capital gains to inflation … in a move that would largely benefit the wealthy and may be done in a way that …

We may now safely say that this bypassing-of-Congress thing has become routine with the Trump White House. Cool, awesome authoritarians don't wait around for parliamentary procedures, such as research, debate, public scrutiny. They're macho guys who know what they want and just take it. Putin and Xi get to, so why not Donald? (Mother Trump: "Donnie, if your friends wanted to jump off a bridge…,")

This particular end run around congressional approval, via an executive order, is a double insult to representative democracy, because of what the White House sees as the necessity of speed. Obeying the constitution's mandates for the legislative passage of plutocratic goodies is nonetheless a drag, of course. And in this case, the Trump administration is in a hurry. "Consensus is growing among White House officials to advance the proposal soon," reports Bloomberg, "to ensure the benefit takes effect before President Donald Trump faces re-election in 2020."

As always, politics and what's good for Trump dominate.

Tying the taxation of capital gains to inflation would "slash tax bills for investors," says, logically, Bloomberg, with 86 percent of the windfalls going to the highest-income households, the 1 percent crowd.

We are not amused; nor are we surprised.

Source: Pmcarpenter.com

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