RSC, Real Estate Caucus Members Urge Treasury to Index Capital Gains to Inflation After Biden-Era Inflation Hit Homeowners

Republican Study Committee (RSC) and Congressional Real Estate Caucus members, led by Rep. Mark Alford (R-MO), are transmitting a letter Friday morning to Treasury Secretary Scott Bessent, urging the department to use existing authority to index capital gains calculations to inflation, arguing the change could be implemented administratively without requiring new legislation.

“We write to urge you to utilize existing executive authority to remove the inflation tax on savings and investment by indexing the Department of the Treasury’s calculation of capital gains tax liability to inflation,” the lawmakers wrote in the letter to Bessent.

The sign…

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