This week Congressman Byron Donalds (R-FL) introduced legislation that bars the federal government from imposing or implementing taxation on unrealized capital gains from any taxable asset. “Democrats have become so desperate to find the means to fund their multi-trillion-dollar spending spree, they’ve now resorted to taxing wealth that technically doesn’t exist,” said Rep. Donalds. “An … Continue reading Byron Donalds announces bill to stop unrealized capital gains taxation
U.S. Sen. Ted Cruz (R-Texas) and Rep. Warren Davidson (R-Ohio) today introduced the Capital Gains Inflation Relief Act, legislation to ensure an individual’s cost basis in a capital asset receives the same fair and equitable treatment as other areas of the tax code by indexing the basis for inflation. According to the U.S. Bureau of … Continue reading Ted Cruz introduces Capital Gains Inflation Relief Act
Even with significant inflation, runaway gas prices, and runaway energy costs already hitting American families in their pocketbooks — Washington Democrats have spent months dreaming up new cash grabs for the IRS.