End the Inflation Tax Penalty

July 18, 2019
Washington, DC

Conservatives support the Trump administration’s commitment to ending the taxation of inflation when taxing capital gains—a practice which taxes Americans on “gains” that exist only on paper.

Ending the tax on inflation is a critical step forward in reducing unfairness in the tax code. It provides for “bracket creep,” which drives Americans into higher tax brackets with inflated wages which are not actually increasing real buying power. It is damaging to families, farmers, homeowners, businesses, and Americans who save for their retirement.

The president has clear authority to take this action, and the policy has received bipartisan support over the years from current Senate Democrat Leader Chuck Schumer, House Majority Leader Steny Hoyer, and Senator Tom Carper (D-Del.).

Ending the tax on inflation of homes, lands, stocks and bonds, and even comic book collections will unlock trillions in “sticky capital,” sending trillions into the economy that would otherwise remain on the sidelines. As with every capital gains tax reduction, more tax revenue would end up in the Treasury as a result.

Ending the tax on inflation is a step forward to achieving fairness, justice, and prosperity for families of all ages, and all Americans across the country.


The Honorable Edwin Meese III
Attorney General
President Ronald Reagan (1985-1988)
Alfred S. Regnery
Chairman, Conservative Action Project
Chairman, Law Enforcement Legal Defense Fund
The Honorable David McIntosh
President
Club for Growth
Myron Ebell
Director, Center for Energy and Environment
Competitive Enterprise Institute
Jenny Beth Martin
Chairman
Tea Party Patriots Citizen Fund
Tom McClusky
President
March for Life Action
The Honorable Colin A. Hanna
President
Let Freedom Ring, Inc.
The Honorable Becky Norton Dunlop
White House Advisor
President Ronald Reagan (1981-1985)
The Honorable Bob McEwen
U.S. House of Representatives
Former Member, Ohio
The Honorable Morton C. Blackwell
President
The Leadership Institute
The Honorable T. Kenneth Cribb, Jr.
Chief Domestic Advisor
President Ronald Reagan (1987-1988)
The Honorable J. Kenneth Blackwell
Chairman
Constitutional Congress, Inc.
William L. Walton
President
Council for National Policy
Mary Vought
Executive Director
Senate Conservatives Fund
The Honorable Jim DeMint
Member, South Carolina
United States Senate (2005-2013)
Ed Corrigan
Vice Chairman, Conservative Action Project
Executive Director, Senate Steering Committee (2003-2012)
Kenneth A. Klukowski, Esq.
General Counsel
American Civil Rights Union
Kelly J. Shackelford, Esq.
Chairman, CNP Action, Inc.
President and CEO, First Liberty Institute
Lt. Gen. William G. Boykin (Ret.)
Executive Vice President
Family Research Council
Rachel Bovard
Policy Director
Senate Steering Committee (2014-2015)
Matt Schlapp
Chairman
American Conservative Union (ACU)
Daniel Schneider
Executive Director
American Conservative Union (ACU)
Adam Brandon
President
FreedomWorks
Thomas Fitton
President
Coalitions for America
Noah Wall
Vice President of Advocacy
FreedomWorks
Rod D. Martin
Founder and CEO
The Martin Organization, Inc.
Sherri R. Martin
Executive Vice President
The Martin Organization, Inc.
Haley E. Martin
President
The Martin Foundation
Shawn A. Mitchell
Former National Chaplain
National Federation of Republican Assemblies (NFRA)
Jerry Melvin
Former Dean
Florida House of Representatives
Norman Singleton
President
Campaign for Liberty
Seton Motley
President
Less Government
Dr. Jerome R. Corsi
Founder and CEO
CorsiNation.com
The Honorable Diana Denman
President Reagan Presidential Appointee
The Reagan Legacy Forum
Paavo Ensio
Chairman
Universal Minerals Group
Annette Thompson Meeks
CEO
Freedom Foundation of Minnesota
William W. Pascoe, III
Board Member
Tea Party Patriots Action
Peter Thomas
Chairman
The Conservative Caucus
Anne Schlafly Cori
Chairman
Eagle Forum
Rebecca Hagelin
Columnist
The Washington Times
Roxanne Phillips
Member, Executive Committee
Council for National Policy
The Honorable Donald Hodel
Secretary of Energy and Secretary of Interior
President Ronald Reagan
Dr. Richard Rounsavelle
Trustee
Media Research Center
Joan Holt Lindsey
President
Lindsey Communications
Gerard Kassar
State Chairman
NYS Conservative Party
Amy Kremer
Chair
Women for Trump
Elaine Donnelly
President
Center for Military Readiness
Jack Park
Conservative Activist and Donor
William Shaker
CEO
Washington Marketing Group
C. Preston Noell III
President
Tradition, Family, Property, Inc.
Amapola Hansberger
President
Legal Immigrants for America
John F. Tate
President
America’s Liberty PAC
Christopher Malagisi
Executive Director of Outreach
Hillsdale College
Dr. Frank Wright
Chief Executive Officer
D. James Kennedy Ministries
Dr. Richard G. Lee
President
There’s Hope America Inc.
Ron Pearson
Executive Director
Conservative Victory Fund
The Honorable George K. Rasley Jr
Managing Editor
ConservativeHQ.com
Allen J. Hébert
Chairman
American-Chinese Fellowship of Houston
Kay R. Daly
President
Coalition for a Fair Judiciary
The Honorable Charles J. Cooper
Assistant Attorney General, President Ronald Reagan
Cooper & Kirk, PLLC
Col. Francis X. De Luca USMCR(Ret)
President Emeritus
Civitas Institute
Lt. Col. Willes K. Lee (Ret.)
President
National Federation of Republican Assemblies
Sean Noble
President
American Encore
Ed Martin
President
Phyllis Schlafly Eagles
Lee Beaman
CEO
Beaman Automotive Group
James L. Martin
Founder/Chairman
60 Plus Association
Saulius “Saul” Anuzis
President
60 Plus Association
Floyd Brown
Chairman
America Fighting Back PAC
Ron Robinson
President
Young America’s Foundation
The Honorable Mike Hill
Florida State Representative
Florida State House
Sal Russo
Co-Founder and Chief Strategist
Tea Party Express
Robert K. Fischer
Meeting Coordinator
Conservatives of Faith
Melvin Adams
Past President
Renewanation

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