June 27,2019

Wyden Statement on the Trump Administration’s Potential Plan to Index Capital Gains Rate to Inflation

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to a Bloomberg report that the Trump administration is considering indexing the capital gains rate to inflation:

“Donald Trump’s primary goal is to further slash taxes for himself and his wealthy political allies. This would be plainly illegal. It would be outrageous to circumvent Congress to again cut the capital gains rate by indexing it to inflation. Republicans must be nervous about Donald Trump’s re-election chances if they are considering such a drastic step to continue looting the Treasury.”