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Senators Push Trump for $200B Tax Cut Without Congress; Experts Say It’s Illegal

Summary by CPA Practice Advisor
U.S. Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., asked the Treasury Department to cut capital gains taxes on investors—and they claim the move does not need congressional approval.
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CPA Practice AdvisorCPA Practice Advisor

Senators Push Trump for $200B Tax Cut Without Congress; Experts Say It’s Illegal

U.S. Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., asked the Treasury Department to cut capital gains taxes on investors—and they claim the move does not need congressional approval.

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CPA Practice Advisor broke the news in on Monday, March 9, 2026.
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