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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRepublicans eye capital gains tax cut to ease voters' anxieties
A proposal to index capital gains for inflation could be in play for a tax-and-spending package later this year, though the likelihood of a bill coming together before the midterms remains a long shot. Some Republicans have also pushed President Donald Trumps administration to make that change unilaterally.
It would be the biggest step we could do to counteract the massive inflation under Joe Biden and the Democrats and have a positive impact on affordability, particularly affordability of housing, between now and the midterms, Senator Ted Cruz, a Texas Republican, said.
Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy and use that higher base value to calculate gains for tax purposes, ultimately reducing what they owe the Internal Revenue Service if they sell the asset.
https://www.msn.com/en-us/news/politics/republicans-eye-capital-gains-tax-cut-to-ease-voters-anxieties/ar-AA21Z1Bm
Clueless.
doc03
(39,135 posts)Lovie777
(23,411 posts)Buns_of_Fire
(19,201 posts)Prairie Gates
(8,377 posts)Ahem, only for those with significant assets that would generate a capital gain though, haha.
Mark to market worked so well for Enron and Bear Stearns, why not do the same for the whole USA?
Buns_of_Fire
(19,201 posts)any value you want to real property - whether it be the tax assessor's valuation, a private assessment, or a number plucked from your nether regions.
BUT...
Should you ever list that property for sale, the asking price can be no more than that assessment.
Seemed reasonable to me.
NCDem47
(3,511 posts)Last edited Wed Apr 29, 2026, 11:08 AM - Edit history (1)
Paying at the pump
Putting food on the table
Cutting the electric bill
Making rent
Reducing health insurance premiums and prescription costs
THESE dammit. THESE are what most Americans wake up to every day and grapple with. Capital gains only matter to the Top 10%
Ms. Toad
(38,753 posts)People who pay capital gains tax aren't the ones who are struggling.
LeftInTX
(34,726 posts)LT Barclay
(3,192 posts)Donors are jittery because of all the extreme actions of the Trump criminal syndicate and this is to ease their concerns!
LeftInTX
(34,726 posts)Botany
(77,682 posts)Ted Cruzs this Joe Bidens fault for high inflation is pure bullshit. In 2024 we had the lowest inflation
rate in the western democracies of the world except for one product and that was eggs and it wasnt
until after the election that we really heard about Avian Influenza that caused the deaths of over 150
million chickens which made egg prices go up.
Luciferous
(6,594 posts)person? More "trickle down" I suppose 🙄
newdeal2
(5,536 posts)And buy $100 million pieces of art. That in turn will create jobs for the auctioneer, art installer, etc. Its a great system
SergeStorms
(20,731 posts)on Trump NFTs.
edhopper
(37,453 posts)who own stocks have them in their IRA or 401K. That is taxed as income, not Cap Gains.
Will the media point this out in any story, or will it once again just report the Republican narrative?
Ferrets are Cool
(23,023 posts)Ferrets are Cool
(23,023 posts)Farmer-Rick
(12,757 posts)the only time I paid that was when I sold my house. And it wasn't much.
But I bet the filthy-rich pay it a lot.
So it's just another give away to the filthy-rich.
SamuelAdams
(115 posts)Of course, it's probably too ridiculous for the Onion.
Dr. T
(676 posts)it had come from the Onion.
Multichromatic
(182 posts)I'm so glad the Republicans are FINALLY going to help such a downtrodden and financially disadvantaged voting block.
spudspud
(667 posts)These rethuglicans are a bunch of clueless, feckless, deceivers.
Ocelot II
(131,020 posts)City Lights
(25,977 posts)not fooled
(6,737 posts)Oh wait, it's pukes. Proposing a tax cut for the wealthy to help lower voter anxiety is so stupid on its face that even for pukes it's surprising that they think this would work.
alfredo
(60,319 posts)Up your flabby, pimply ass.
The rich get handouts, and all we get is the back of the hand.
kimbutgar
(27,447 posts)Only the 1% would benefit !
He is so stupid and out of touch!
JT45242
(4,083 posts)But most people should see it as another way to shift wealth from the lower 90% to the top 10%.
kimbutgar
(27,447 posts)Tax. But there is no one I know today is dealing with taxation on capital gains. At he least they could do is not tax on bank interest on savings!
Picaro
(2,411 posts)This should land with a pronounced thud.
The Republicans never pass up the opportunity to try and push through yet another tax cut to the financially well off.
Completely tone deaf as always.
CousinIT
(12,672 posts)Except corporate billionaires.
JT45242
(4,083 posts)Maybe headless Rethug voters will buy it. But all it will do is allow more speculation, insider trading, etc. to not be taxed.
Ocelot II
(131,020 posts)Oh, right. Regular people dont count.
Yo_Mama_Been_Loggin
(136,750 posts)But they think it will please their orange god.
Americanme
(522 posts)The rich are already voting for them. How would this help working class voters? Are we all supposed to sell our homes?
slightlv
(7,882 posts)Notice we get nothing for T's increase on our day to day living. Like someone worried about a capital gains tax is gonna be worried about not affording food or gas. Bah! Humbug! And a pox on all their houses!
Icanthinkformyself
(411 posts)I would have sworn from the caption it was the new Info Wars/Onion.