May 30, 2023

The Coalition Letter

  • SBEC
  • Club for Growth
  • ACI
  • IPI
  • CI
  • YI
  • 2AI
  • TPA
  • FF
  • CFE
  • IWV
  • IL
  • HLF
  • Heartland
  • Less Government
  • Project 21
  • Market Institute-1
  • FreedomWorks
  • TCF
  • Job Creators Network
  • LICA
  • TPPF
  • APP
  • TAP-1
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  • ATR-1
  • Association of Mature American Citizens
  • Heritage-1
  • 60+
  • AC
  • Committee to Unleash Prosperity

    • The undersigned organizations strongly encourage consideration of a simple policy to quickly address the impacts of inflation on working families, investors, and businesses across America – capital gains indexing.

    Congress long ago addressed “bracket creep” by indexing personal tax rates, and other parts of the tax code are also indexed to inflation (alternative minimum tax, estate and gift taxes, earned income tax credit, retirement plan contribution limits, and others), but has failed to index capital gains taxes. Doing so would provide immediate relief from the ravages of inflation.

    Even if the current inflation moderates, the couple of years that taxpayers have already endured will create ripple effects for years as people sell capital assets. Some policymakers seek to increase taxes and double down on inflationary policies, but the better answer for millions of Americans is to free investment capital and tax people fairly on actual gains, not artificial “paper gains.”

    Government should not profit from inflation. The costs basis for capital gains should be indexed to inflation, like other income taxes.

    Signers

    TAP-2

    Wil Armstrong

    Chairman
    The Armstrong Project

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    Pete Sepp

    National Taxpayers Union

    ClubForGrowth

    David McIntosh

    President
    Club for Growth

    CTUP-logo-final

    Steve Moore

    Committee to Unleash Prosperity

    Association of Mature American Citizens

    Bob Carlstrom

    Association of Mature American Citizens Action

    Less Government

    Seton Motley

    President
    Less Government

    Project 21

    Horace Cooper

    Chairman
    Project 21

    ATR-1

    Grover Norquist

    Americans for Tax Reform

    CFE

    Ryan Ellis

    President
    Center for a Free Economy

    JCN

    Alfredo Ortiz

    President
    Job Creators Network

    IPI

    Tom Giovanetti

    President
    Institute for Policy Innovation

    ACI-1

    Steve Posiask

    American Consumer Institute

    IWV

    Heather R. Higgins

    CEO
    Independent Women’s Voice

    Market Institute-1

    Charles Sauer

    President
    The Market Institute

    CI

    Eric Hogue

    President, Colorado Christian University

    AC

    Phil Kerpen

    American Commitment

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    Saul Anuzis, Jim Martin

    60 Plus Association

    sbe

    Karen Kerrigan

    President & CEO
    Small Business and Entrepreneurship Council

    Heritage-1

    Richard Stern, Preston Brashers

    The Heritage Foundation

    TPPF-Logo-Blue-External

    Greg Sindelar

    President
    Texas Public Policy Foundation

    FF

    Travis Korson

    Director of Public Policy,
    Frontiers of Freedom

    HI

    James Taylor

    President
    Heartland Institute

    IL

    Andrew Langer

    President
    Institute for Liberty

    tpa-logo-about

    David Williams

    President
    Taxpayers Protection Alliance

    YI

    Carol Platt Liebau

    President
    Yankee Institute

    LICA

    Nick Yaksich

    Government Relations Director
    Land Improvement Contractors of America

    HLF

    Mario H. Lopez

    President
    Hispanic Leadership Fund

    Freedomworks

    Cesar Ybarra

    V.P. for Policy
    FreedomWorks

    TCF

    Gary Marx

    President
    Concord Fund

    2AI

    Tyler Yzaguirre

    Second Amendment Institute

    American Principles Project

    Terry Schilling

    President

    American Principals Project

    Who We Are

    Inflation Tax Relief is a joint project of the National Taxpayers Union and The Armstrong Project utilizing research from leading economists Art Laffer and Steve Moore and backed by Laffer Associates.
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    National Taxpayers Union

    NTU is the “Voice of America’s Taxpayers.” We work for a simple and fair tax system that enables prosperity for all and respects taxpayers’ civil rights, lean and efficient government services and regulations, sustainable fiscal policies to avoid national bankruptcy, and permanent limits on taxes, spending and debt.

    Laffer

    Laffer Associates

    Laffer Associates is the culmination of a lifetime’s worth of rigorous institutional and academic economic research by the firm’s founder and chairman, Dr. Arthur B. Laffer. For more than 35 years, Dr. Laffer has dedicated his distinguished career in economics to developing original works and proprietary models that analyze and forecast how economics affects the real world.

    Bill Armstrong-1

    The Armstrong Project

    The Armstrong Project is a series of new initiatives led by Wil Armstrong, to preserve the historical record of his father, Senator Bill Armstrong, and especially to build on his important work for faith, family, and freedom. Preserving history is important, especially in an era when so many Americans have forgotten our founding principles.

    Join the Fight for Inflation Tax Relief