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Conservatives are making a push to cut taxes on capital gains as a follow-up to the tax-cut measure President Trump signed into law last year.
Republican lawmakers and prominent conservative leaders such as Grover Norquist say they want capital gains to be indexed to inflation, saying it would give the economy a boost. They are pursuing both legislation and regulatory action in an effort to achieve that goal.
A federal judge is weighing a crucial decision over who will be tasked with reviewing the materials that were seized from Michael Cohen, President Trump’s longtime personal attorney.
Attorneys for Cohen and Trump have pushed for the appointment of a so-called special master, a neutral third party who would decide what materials are covered by attorney–client privilege and cannot be given to prosecutors.
Lawyers for the Justice Department, on the other hand, say they already have a “taint team” capable of conducting an unbiased review.