
Full profile: /officials/D000626
Source: Congress.gov · FEC
Members who have signed on to support this bill since introduction. Source: Congress.gov.
No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Currently in
The proposal would allow people and businesses to adjust the original purchase price of investments upward based on inflation before calculating taxes owed when those investments are sold, potentially reducing the capital gains taxes they pay. This would primarily benefit wealthy investors and business owners who hold stocks, real estate, and other assets for long periods, since they could exclude inflation-driven gains from taxation. The change could reduce federal tax revenue but would lower tax bills for people selling appreciated assets.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Bills by the same sponsor or covering overlapping subjects.