Pelosi, other stock-trading pols could avoid capital gains taxes under Warren proposal. Congress always rigs the game in their favor. Pocahontas should shove this bill up her teepee.
Elizabeth Warren’s bipartisan bill banning stock trading on Capitol Hill has a little-noticed provision that could save lawmakers millions of dollars worth of capital gains taxes — and Nancy Pelosi is signaling she likes it.
Nevertheless, according to a less-noticed provision in the bill, lawmakers who convert their stocks would also receive a massive sweetener: They would be able convert their stocks into broad-based investment funds or Treasury bonds while deferring any capital gains taxes until they sell off the new assets — and if they die before selling the assets, the taxes would be waived altogether.
