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Ted Cruz, Tim Scott asking Treasury to approve $200B tax cut without congressional approval

March 3, 2026 at 11:01 PM
By Ashleigh Fields
Ted Cruz, Tim Scott asking Treasury to approve $200B tax cut without congressional approval
GOP Sens. Ted Cruz (Texas) and Tim Scott (S.C.) are asking the Treasury Department to approve a $200 billion tax cut without prior authorization from Congress.  The two senators have asked the Trump administration to cut capital gains taxes on investors by adjusting the basis for inflation arguing it would boost savings, spur investment and…

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Ted Cruz (Texas) and Tim Scott (S GOP Sens. Ted Cruz (Texas) and Tim Scott (S.C.) are asking the Treasury Department to approve a $200 billion tax cut without prior authorization from Monitor developments in Ted for further updates.

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Ted Cruz (Texas) and Tim Scott (S ) are asking the Treasury Department to approve a $200 billion tax

GOP Sens. Ted Cruz (Texas) and Tim Scott (S.C.) are asking the Treasury Department to approve a $200 billion tax cut without prior authorization from Congress.  The two senators have asked the Trump administration to cut capital gains taxes on investors by adjusting the basis for inflation arguing it would boost savings, spur investment and…
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