US President Donald Trump would like to do a capital gains tax cut, US Treasury Secretary Steven Mnuchin told Fox Business on Wednesday and added that Trump wants to move forward with a fair proposal on the coronavirus bill.
"There will be a level of certainty for employers to implement payroll tax holiday," Mnuchin further noted during his interview. "I cannot speculate on whether there will be a compromise on COVID-19 aid bills."
These comments seem to be providing a boost to market sentiment. As of writing, S&P 500 futures were up 0.75% on the day and the US Dollar Index was down 0.2% at 93.46.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.