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 |
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 |
All organizations listed for IDENTIFICATION purposes only.