> So now the 1% are in line for a new $200B tax cut via executive order, no congressional approval being sought.

These Guys Can’t Help Themselves’: Cruz Pushes $200 Billion Capital Gains Tax Cut Without OK From Congress

Republican senators said they were seeking to end an “unfair inflation tax on everyday Americans.” But nearly all the benefits of their proposal would go to the wealthiest 1%.

STEPHEN PRAGER
Mar 03, 2026

Two leading Republicans are pushing for the Trump administration to issue another $200 billion tax cut, primarily to the wealthiest Americans, without congressional approval.

The Washington Post reported Tuesday that Sens. Ted Cruz (R-Texas) and Tim Scott (R-SC) sent a letter to Treasury Secretary Scott Bessent urging him to use executive authority to lower the federal tax on capital gains—the profits from selling stocks, bonds, real estate, and other investments.



  “everyday Americans”… for a married couple the first $98,500 in capital gains is taxed at 0% already, which combined with the home exemption pretty much insures anyone not in the top 1% percent income range will never pay much, if any, cap gains tax.