The Trump administration is considering ways to motivate American households to invest in the stock market, according to a CNBC report. The move would be part of an upcoming package of proposed tax cuts.
The proposal would allow a portion of household income to be treated as tax-free for the purposes of investing outside of a traditional 401(k), CNBC reported citing four unnamed “senior administration officials familiar with the discussions.” Under one potential scenario, a U.S. household earning up to $200,000 could invest $10,000 on a tax-free basis, although the numbers were fluid, CNBC says.
The development comes as President Donald Trump seeks reelection in November. He has signaled a willingness recently to scale back Social Security and Medicare.
“The Trump administration is trying