
Trump’s Trading Surge Outsizes Congress, Sparked Tax-Theory Debate
Slate Money reports that President Trump’s trading volume jumped roughly 10x quarter over quarter, with dollar terms exceeding all trading by Congress combined. One theory floated by host Felix Salmon is that changes in personal capital-gains tax exposure under the 2026 tax code could have unlocked more aggressive trading. The piece notes the STOCK Act requires disclosure but does not ban presidential or congressional stock trades, and it highlights headline risk, disclosure lag, and the market-moving potential of public statements as key takeaways while more data and policy reforms remain undecided.













