Treasury Secretary Steven Mnuchin arrives for a meeting at the Capitol in Washington, DC, on July 28. Stefani Reynolds/Bloomberg/Getty ImagesTreasury Secretary Steven Mnuchin said Wednesday that he “can’t speculate” as to whether another stimulus bill will pass in the near-term, days after negotiations came to a stalemate. He also called for a capital gains tax cut and made a rare (for him) criticism of Joe Biden’s economic policies. Mnuchin also reiterated the President’s suggestion that the administration is considering a capital gains tax cut, which would require legislation. One is tax more and hurt the economy, one is create selective tax cuts regulatory relief and economic agenda trades that will stimulate the economy,” he said.

Source: CNN August 12, 2020 13:18 UTC