
Full profile: /officials/C001098
Source: Congress.gov · FEC
Members who have signed on to support this bill since introduction. Source: Congress.gov.
1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
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 mainly benefit wealthy investors and business owners who hold stocks, real estate, and other assets for long periods, since they could exclude inflation-driven price increases from their taxable gains. The change would reduce federal tax revenue but could make investment returns feel less heavily taxed in inflationary environments.
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.