Capital Gains Inflation Relief Act
H.R. 6444
Bill Status
Submitted in the House of Representatives on July 19, 2018 and assigned to the Ways and Means Committee.
Bill Text
A bill to amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. (read full bill text)
Legislative Summary
The Capital Gains Inflation Relief Act would stop Americans from paying capital gains taxes on inflation. The measure will benefit nearly all types of investors and all sizes of business, creating incentives for both individual and business investment that would expand the economy and create jobs. (read more)
Letters and Articles of Support
• Bill endorsement by Grover Norquist [link]
• Larry Kudlow op-ed urging President Trump to index capital gains taxes to inflation [link]
• Richard Rahn op-ed in support of indexing capital gains taxes to inflation [link]
• Ryan Ellis op-ed urging President Trump to index capital gains taxes to inflation [link]
• Grover Norquist letter urging Secretary Mnuchin to index capital gains taxes to inflation [link]
• Tax Foundation study: Inflation Can Cause an Infinite Effective Tax Rate on Capital Gains [link]
• Tax Foundation study: Getting “Real” with Capital Gains Taxes by Adjusting for Inflation [link]
• Senator Cruz legislation indexing capital gains taxes to inflation (S. 2688) [link]
