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US banking soars after Trump's capital gains announcement

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Main banks of Wall Street soar after the announcement of Donald Trump, president of the United States, to consider "very seriously" a cut in taxes on capital gainsl. JPMorgan shares have advanced 3.18%, while Bank of America and Citigroup shares have increased more than 1%.

This measure was already thought by the American president in the past. "We are also considering a capital gains tax cut, which would create many more jobs"Trump said Monday at a news conference at the White House.

However, Trump does not have the power to enforce the order unilaterally. You must first present it to Congress for approval. Although some of his advisers have commented that he could launch an executive order that reduce the taxes investors pay when they sell assets.

The difficulties of capital gains tax reform have already caused the Executive of former President George H. W. Bush to resign from a similar project.

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