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2/14, 8:41 PM (Source: TeleTrader)
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WH mulls ways to get households to buy stocks - report

The United States White House is considering ways to incentivize the country's households to invest in the stock markets as a part of the announced tax reforms.

According to CNBC's report, senior administration officials claimed that the tax proposal, if accepted, will bring a piece of household income treated as tax-free for the means of investing outside of the traditional 401(k), meaning that a home earning $200,000 will be able to invest $10,000 on a tax-free basis.

Earlier in the day, US National Economic Council Director Larry Kudlow said that Trump's administration is planning to introduce new tax cuts by September this year.

Breaking the News / ND