No longer bothering to pretend that its tax policy amounts to anything more than dumping as much money as possible into the pockets of ultra-wealthy CEOs and investors, the Trump administration is considering a plan to leapfrog Congress and unilaterally hand the richest Americans another $100 billion in tax cuts.\u0022Donald Trump wants to go around Congress and hand $100 billion to his rich buddies on top of the $1.5 trillion he gave away to billionaires and big corporations last year. D.C. works great if you\u0026#039;re rich and powerful.\u0022 —Sen. Elizabeth WarrenAs the New York Times reports, Treasury Secretary and wannabe Bond villain Steve Mnuchin is studying whether his department has the authority to change \u0022the definition of \u0026#039;cost\u0026#039; for calculating capital gains, allowing taxpayers to adjust the initial value of an asset, such as a home or a share of stock, for inflation when it sells.\u0022Almost two-thirds of the benefits of such a change would go to the top 0.1 percent, the Times notes.How will the White House pay for such a windfall to the wealthy? This question is always raised to squash proposals that benefit the poor and working class, but—as The Debt Collective notes on Twitter—it \u0022never applies to billion dollar transfers to the one percent.\u0022\u0022But how are we going to pay for it?\u0022 never applies to billion dollar transfers to the 1%https://t.co/7NBuZE7Oj2— StrikeDebt (@StrikeDebt) July 31, 2018\u0022we can\u0026#039;t afford single payer\u0022 https://t.co/2M8OaDMlrB— JD-800 (@thejd800) July 31, 2018While lauded by Republican members of Congress and prominent right-wing anti-tax crusader Grover Norquist, the Trump administration\u0026#039;s legally questionable plot was quickly denounced by progressive lawmakers and advocacy groups as yet another \u0022disgusting\u0022 attempt by Trump to do \u0022everything he can to enrich the wealthy while stacking the deck against the middle class.\u0022Ted Genoways, editor-at-large of Pacific Standard, likened the White House\u0026#039;s plan to reward the richest Americans by executive fiat to \u0022that part of every bank heist movie, where the robbers realize they\u0026#039;ve triggered the alarms and the cops are on the way, and so they just start stuffing the bags with as much money as they can carry.\u0022.@realDonaldTrump wants to go around Congress \u0026amp; hand $100 billion to his rich buddies on top of $1.5 trillion he gave away to billionaires \u0026amp; big corporations last year. DC works great if you’re rich \u0026amp; powerful. How about a gov\u0026#039;t that works for everyone? https://t.co/Go0He6UoKl— Elizabeth Warren (@SenWarren) July 30, 2018Just think of what America could do with $102 billion, which the White House is trying to figure out how to let multimillionaires keep. https://t.co/jcKhCLAdZb pic.twitter.com/6OGqSNp0Al— Lydia DePillis (@lydiadepillis) July 30, 2018Add insult to injury. Yet, another #TaxScam https://t.co/3BZaQCpWQd— AFL-CIO (@AFLCIO) July 31, 2018Trump\u0026#039;s latest plan to reward the wealthy comes as Republicans are fast at work on their \u0022tax cuts 2.0,\u0022 which will double down on the $1.5 trillion gift to the rich Trump signed into law last year.While, as predicted, the tax cuts have been a major boon for CEOs and major corporations—which have used a huge portion of their savings to buy back their own stock—workers have seen virtually no gains from the tax bill. In fact, even as the economy continues to grow at a steady clip, wages are actually declining—which means that all of the new growth is going straight to the top.