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While speaking to reporters on Wednesday, White House economic adviser Larry Kudlow said that US President Donald Trump’s executive orders have provided significant economic incentives.

“The Trump administration is not considering using an executive order to implement a capital gain tax cut,” Kudlow added. Earlier in the day, Treasury Secretary Steven Mnuchin reiterated that President Trump was in favour of a capital gain tax cut.

Market reaction

These comments don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was up 1.3% on a daily basis at 3,377.