Source: Town Hall
by Stephen Moore
“President Donald Trump should follow up on his historic ‘big, beautiful’ tax bill with an extra booster shot for the economy by immediately indexing the capital gains taxes for inflation. There is a reasonable chance he can do this without having to go through Congress. And our sources in the administration tell us Trump is interested in doing just that. The tax on inflationary gains is patently unfair. Consider a middle-class investor who bought a stock at the start of the Biden presidency for $10,000 and sold it off four years later at a valuation of $12,200. The investor would pay a tax of about $400 on the ‘gain’ of $2,200. But over that time period, prices of everything rose on average by 22%, thanks to Bidenflation, so the investor didn’t really gain anything.” (07/15/25)