HOUSE Key Vote Alert - Pence-Cantor Bill
KEY VOTE ALERT
CO-SPONSORSHIP OF PENCE-CANTOR BILL (H.R. 6057)
The Club for Growth, with its 36,000 members, plans to score co-sponsorship of the Pence-Cantor bill (HR 6057) as a pro-economic growth vote in our annual rating of Congress.
Right now, American taxpayers are required to pay taxes on capital gains, including the “gains” made through inflation. This bill is a matter of tax fairness. It does away with the tax on inflation, allowing taxpayers to index for inflation the cost basis used in calculating the capital gains tax.
Inflation erodes the real economic gains that can be made by investing capital in the marketplace. Inflation is itself a stealth tax so it’s absurd that Americans should be double taxed on assets that they expose to risk. Removal of this hidden tax will encourage investment that will lead to more innovation, more production, and more wealth.
To become a co-sponsor of this bill, or if you need more information, please contact Ryan Fisher with Rep. Pence’s office at ryan dot fisher at mail dot house dot gov.
Our Congressional Scorecard for the 109th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.
