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demmiblue

(39,880 posts)
Wed Apr 29, 2026, 08:07 AM 10 hrs ago

Republicans eye capital gains tax cut to ease voters' anxieties

(Bloomberg) -- Republican lawmakers are looking at ways to lower taxes on capital gains as the party searches for new ways to woo voters worried about the cost of living heading into November’s midterm elections.

A proposal to index capital gains for inflation could be in play for a tax-and-spending package later this year, though the likelihood of a bill coming together before the midterms remains a long shot. Some Republicans have also pushed President Donald Trump’s administration to make that change unilaterally.

“It would be the biggest step we could do to counteract the massive inflation under Joe Biden and the Democrats and have a positive impact on affordability, particularly affordability of housing, between now and the midterms,” Senator Ted Cruz, a Texas Republican, said.

Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy and use that higher base value to calculate gains for tax purposes, ultimately reducing what they owe the Internal Revenue Service if they sell the asset.

https://www.msn.com/en-us/news/politics/republicans-eye-capital-gains-tax-cut-to-ease-voters-anxieties/ar-AA21Z1Bm


Clueless.
36 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Republicans eye capital gains tax cut to ease voters' anxieties (Original Post) demmiblue 10 hrs ago OP
More tax cuts for the rich. doc03 10 hrs ago #1
Yep............... Lovie777 10 hrs ago #3
Not surprising. It's their remedy for everything. nt Buns_of_Fire 8 hrs ago #17
Tra la, just making up our own valuations and deciding what we should pay for taxes Prairie Gates 10 hrs ago #2
I read of a proposal once that stated that, for tax purposes, you can affix Buns_of_Fire 3 hrs ago #36
Sorry, this does NOTHING to help with: NCDem47 10 hrs ago #4
Tone deaf. Ms. Toad 10 hrs ago #5
More like the donor class, not the voting class. LeftInTX 10 hrs ago #6
I was puzzled by the tone deaf proposal but you nailed it. LT Barclay 5 hrs ago #25
A dog whistle since donors are also voters..LOL They're just a very small group of voters! LeftInTX 5 hrs ago #26
A tax cut for the rich will surely help Americans paying $5.00 a gallon for gas because of the Epstein War Botany 10 hrs ago #7
How is that going to help the average Luciferous 10 hrs ago #8
The billionaires will be able to sell their massive amounts of stock finally newdeal2 9 hrs ago #10
I'd spend all my savings.... SergeStorms 7 hrs ago #18
Most workers edhopper 9 hrs ago #9
The latter. Ferrets are Cool 9 hrs ago #12
Fuck you Ted Cruz and FUCK you magats. Ferrets are Cool 9 hrs ago #11
Capital gains taxes???? Farmer-Rick 9 hrs ago #13
I thought this was from the Onion when I saw the headline. SamuelAdams 9 hrs ago #14
It would've sounded more realistic if Dr. T 6 hrs ago #21
So... the anxiety of 1,000 billionaire voters? Multichromatic 8 hrs ago #15
LOL. Gee, can't afford groceries but that CAPITAL GAINS TAX CUT sure will help! spudspud 8 hrs ago #16
Well, if you held your groceries for a couple years and sold them at a profit... Ocelot II 5 hrs ago #30
They only have one trick in their bag. nt City Lights 7 hrs ago #19
This is a joke, right? not fooled 6 hrs ago #20
I live on SSI, OPM, VA disability,, do I have capital gains? Otherwise, you can shove those capital gains alfredo 6 hrs ago #22
The average American doesn't invest or have enough money to benefit from a capital gains tax cut kimbutgar 6 hrs ago #23
to be fair it would be maybe 5-10 % but not the middle class JT45242 5 hrs ago #31
In the late 80's and early 90's I was actively trading in the stock market and actually had to deal with capital gains kimbutgar 3 hrs ago #35
Giving another tax cut to the wealthy Picaro 5 hrs ago #24
Which helps....NOBODY CousinIT 5 hrs ago #27
On no planet ever in any multiverse did a capital gains tax cut help middle class and lower families make ends meet JT45242 5 hrs ago #28
What if you are just an ordinary person with no capital to have gains on? Ocelot II 5 hrs ago #29
Clueless indeed Yo_Mama_Been_Loggin 4 hrs ago #32
Ways to woo voters? Americanme 4 hrs ago #33
A deal made just for the rich! slightlv 3 hrs ago #34

Prairie Gates

(8,356 posts)
2. Tra la, just making up our own valuations and deciding what we should pay for taxes
Wed Apr 29, 2026, 08:22 AM
10 hrs ago

Ahem, only for those with significant assets that would generate a capital gain though, haha.

Mark to market worked so well for Enron and Bear Stearns, why not do the same for the whole USA?

Buns_of_Fire

(19,200 posts)
36. I read of a proposal once that stated that, for tax purposes, you can affix
Wed Apr 29, 2026, 03:56 PM
3 hrs ago

any value you want to real property - whether it be the tax assessor's valuation, a private assessment, or a number plucked from your nether regions.

BUT...

Should you ever list that property for sale, the asking price can be no more than that assessment.

Seemed reasonable to me.

NCDem47

(3,504 posts)
4. Sorry, this does NOTHING to help with:
Wed Apr 29, 2026, 08:36 AM
10 hrs ago

Last edited Wed Apr 29, 2026, 11:08 AM - Edit history (1)

Paying at the pump
Putting food on the table
Cutting the electric bill
Making rent
Reducing health insurance premiums and prescription costs

THESE dammit. THESE are what most Americans wake up to every day and grapple with. Capital gains only matter to the Top 10%

LT Barclay

(3,192 posts)
25. I was puzzled by the tone deaf proposal but you nailed it.
Wed Apr 29, 2026, 01:18 PM
5 hrs ago

Donors are jittery because of all the extreme actions of the Trump criminal syndicate and this is to ease their concerns!

LeftInTX

(34,714 posts)
26. A dog whistle since donors are also voters..LOL They're just a very small group of voters!
Wed Apr 29, 2026, 01:23 PM
5 hrs ago

Botany

(77,664 posts)
7. A tax cut for the rich will surely help Americans paying $5.00 a gallon for gas because of the Epstein War
Wed Apr 29, 2026, 08:43 AM
10 hrs ago

Ted Cruz’s this Joe Biden’s fault for high inflation is pure bullshit. In 2024 we had the lowest inflation
rate in the western democracies of the world except for one product and that was eggs and it wasn’t
until after the election that we really heard about Avian Influenza that caused the deaths of over 150
million chickens which made egg prices go up.

newdeal2

(5,534 posts)
10. The billionaires will be able to sell their massive amounts of stock finally
Wed Apr 29, 2026, 09:15 AM
9 hrs ago

And buy $100 million pieces of art. That in turn will create jobs for the auctioneer, art installer, etc. It’s a great system

edhopper

(37,448 posts)
9. Most workers
Wed Apr 29, 2026, 09:12 AM
9 hrs ago

who own stocks have them in their IRA or 401K. That is taxed as income, not Cap Gains.

Will the media point this out in any story, or will it once again just report the Republican narrative?

Farmer-Rick

(12,753 posts)
13. Capital gains taxes????
Wed Apr 29, 2026, 09:47 AM
9 hrs ago

the only time I paid that was when I sold my house. And it wasn't much.

But I bet the filthy-rich pay it a lot.

So it's just another give away to the filthy-rich.

SamuelAdams

(111 posts)
14. I thought this was from the Onion when I saw the headline.
Wed Apr 29, 2026, 09:55 AM
9 hrs ago

Of course, it's probably too ridiculous for the Onion.

Multichromatic

(176 posts)
15. So... the anxiety of 1,000 billionaire voters?
Wed Apr 29, 2026, 10:29 AM
8 hrs ago

I'm so glad the Republicans are FINALLY going to help such a downtrodden and financially disadvantaged voting block.

spudspud

(665 posts)
16. LOL. Gee, can't afford groceries but that CAPITAL GAINS TAX CUT sure will help!
Wed Apr 29, 2026, 10:33 AM
8 hrs ago

These rethuglicans are a bunch of clueless, feckless, deceivers.

not fooled

(6,734 posts)
20. This is a joke, right?
Wed Apr 29, 2026, 12:18 PM
6 hrs ago

Oh wait, it's pukes. Proposing a tax cut for the wealthy to help lower voter anxiety is so stupid on its face that even for pukes it's surprising that they think this would work.

alfredo

(60,319 posts)
22. I live on SSI, OPM, VA disability,, do I have capital gains? Otherwise, you can shove those capital gains
Wed Apr 29, 2026, 12:29 PM
6 hrs ago

Up your flabby, pimply ass.

The rich get handouts, and all we get is the back of the hand.

kimbutgar

(27,438 posts)
23. The average American doesn't invest or have enough money to benefit from a capital gains tax cut
Wed Apr 29, 2026, 12:55 PM
6 hrs ago

Only the 1% would benefit !

He is so stupid and out of touch!

JT45242

(4,079 posts)
31. to be fair it would be maybe 5-10 % but not the middle class
Wed Apr 29, 2026, 01:59 PM
5 hrs ago

But most people should see it as another way to shift wealth from the lower 90% to the top 10%.

kimbutgar

(27,438 posts)
35. In the late 80's and early 90's I was actively trading in the stock market and actually had to deal with capital gains
Wed Apr 29, 2026, 03:25 PM
3 hrs ago

Tax. But there is no one I know today is dealing with taxation on capital gains. At he least they could do is not tax on bank interest on savings!

Picaro

(2,409 posts)
24. Giving another tax cut to the wealthy
Wed Apr 29, 2026, 01:04 PM
5 hrs ago

This should land with a pronounced thud.

The Republicans never pass up the opportunity to try and push through yet another tax cut to the financially well off.

Completely tone deaf as always.

JT45242

(4,079 posts)
28. On no planet ever in any multiverse did a capital gains tax cut help middle class and lower families make ends meet
Wed Apr 29, 2026, 01:54 PM
5 hrs ago

Maybe headless Rethug voters will buy it. But all it will do is allow more speculation, insider trading, etc. to not be taxed.

Ocelot II

(131,014 posts)
29. What if you are just an ordinary person with no capital to have gains on?
Wed Apr 29, 2026, 01:54 PM
5 hrs ago

Oh, right. Regular people don’t count.

Americanme

(521 posts)
33. Ways to woo voters?
Wed Apr 29, 2026, 02:51 PM
4 hrs ago

The rich are already voting for them. How would this help working class voters? Are we all supposed to sell our homes?

slightlv

(7,869 posts)
34. A deal made just for the rich!
Wed Apr 29, 2026, 03:01 PM
3 hrs ago

Notice we get nothing for T's increase on our day to day living. Like someone worried about a capital gains tax is gonna be worried about not affording food or gas. Bah! Humbug! And a pox on all their houses!

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