GROVER NORQUIST: Trump Can End Inflation Tax On Capital Gains

When the government inflates the dollar it robs you twice. It makes the money in your pocket worth less. It makes everything you buy more expensive.

And then the government taxes you on the inflation it caused.

Biden’s 21% inflation as president raised the “price” of your house but not the value.

When you sell your home, 21% of the sales price will be Biden inflation. You will pay a capital gains tax on that inflation “gain.”

This has to stop. The government should not double-dip into your wallet by robbing your life savings of their value through inflation and then taxing you on all those phony inflation gains.

The good news is that President Donald Trump can put an end to this. Treasury Secretary Scott Bessent has the ability to end the taxation of inflation in capital gains. Your home, your life savings in the stock market, your small business or farm need not be taxed and double-taxed for inflation when you sell.

Trump pointed out in his first term that he has the power to end this taxation on inflation. Trump said: “Many people like indexing. It can be done very simply. It can be done directly by me.” He’s right.

This is the most powerful pro-growth, pro-affordability act the federal government can do this year. Thirty conservative groups recently sent a letter to the Trump administration in support of the Treasury ending the inflation tax.

Texas Republican Sen. Ted Cruz and South Carolina Republican Sen. Tim Scott this month sent a letter encouraging the Treasury to “eliminate an unfair inflation tax on everyday Americans” to “boost savings, spur investment, and create jobs nationwide.”