Why You May Regret Not Paying Capital Gains Taxes

The transcript discusses the postponement of capital gains by wealthy Americans due to uncertainty in tax reform. It highlights the legislative challenges faced by the Trump administration in passing a tax bill, including the need for a budget resolution and dealing with the debt limit. The discussion also covers the debate between Mick Mulvaney and Steven Mnuchin on the approach to raising the debt limit, with Mnuchin advocating for a clean debt bill.

What factors have contributed to the postponement of capital gains among wealthy Americans?

What is the significance of the budget resolution in relation to passing a tax bill?

In what ways might individuals regret holding off on paying capital gains taxes?

How does the administration's stance on the debt limit reflect its overall legislative strategy?

What are the implications of not having a clean debt bill as soon as possible?