Following GDP Report, Club for Growth to President Trump: It’s Time to Index Capital Gains to Inflation


In light of the 3rd quarter GDP numbers that were below 4%, Club for Growth President David McIntosh offered the following statement:

“The economy is strong, but it has recently encountered some formidable headwinds.  In order to reinvigorate the economy and make it even stronger, we recommend that President Trump immediately sign an executive order to index capital gains to inflation.  As it stands now, this is a grave injustice in the tax code, forcing people to pay taxes on phantom gains.  Just as important, an executive order would unlock hundreds of billions of dollars in capital that would spur new investment and jobs.  It would also immediately grow the savings of everyday working Americans.  With just his signature, President Trump can give all Americans something extra to be thankful for this Thanksgiving.”