If there’s one thing you should know about Donald Trump’s new National Economic Council director, Larry Kudlow, it’s that virtually all of his economic predictions have been wrong. If there’s another, it’s that he freaking loves tax cuts and thinks they should be doled out every day of the week that ends in ‘y.’ Unfortunately for ole Kuddles, Democrats feel quite differently about the matter, and with the Senate having already blown through its once-per-session budget-reconciliation bill, the odds of Team Trump delivering another historic tax cut in the near-term are about as likely as those of Donald Trump Jr. killing it with the ladies now that he’s newly single. But, according to The Wall Street Journal, Kudlow is not going down without a fight:

An old but provocative tax-policy idea—adjusting capital gains for inflation—has renewed life, thanks to a push from conservatives and a new ally in the White House.

The change, if it happens, would mark a significant shift in U.S. tax policy, reducing taxes dramatically on long-held investments.

The idea is backed by Lawrence Kudlow, the incoming director of the National Economic Council, who said in an e-mail that he hoped the concept would be included in a bill to extend expiring tax cuts.

“Some believe Potus could do it as exec order,” he wrote, referring to President Donald Trump. Spokespeople for the Treasury and White House didn’t respond to a request for comment on Monday.

The great thing here is that not only is Kudlow suggesting that the president—who routinely trashed Barack Obama for using executive orders before embracing them post-election—put another tax break on the table less than three months after the passage of the last one, and without a vote from Congress, but that the measure he’s zeroed in on will almost exclusively benefit the rich. (Just over 50 percent of Americans own stocks, with 92 percent of stocks owned by the top 20 percent of the country.) In other words, it’s only been a few days, but someone is already earning major brownie points with the boss.

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Trump’s newest dictator B.F.F. loves deals almost as much as (alleged!) kidnappings