economy
Inflation isn’t profit: Trump’s chance to end Uncle Sam’s phantom tax
President Donald Trump is reportedly considering another powerful tool for America’s pro-growth agenda: indexing capital gains taxes for inflation. The proposal, long championed by Larry Kudlow, deserves serious consideration. It would be the equivalent of adding another log to America’s economic-growth fire.
TL;DR
- President Trump is considering indexing capital gains taxes for inflation.
- This proposal is championed by Larry Kudlow and seen as a pro-growth tool.
- Indexing capital gains would encourage proceeds from successful investments to move into their next productive use.
- Potential benefits include more investment, greater productivity, better-paying jobs, rising incomes, and stronger communities.
- For entrepreneurs, it could mean capital reaching the next business or expansion.