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Trump Faces Pressure to Index Capital Gains, Sparking Controversy

7/12/2025

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Summary

Story summary

Conservative factions, spearheaded by Grover Norquist, are pushing President Trump to index capital gains to inflation, a move that could favor the affluent. This comes on the heels of a substantial tax bill expected to inflate the national debt by over $4 trillion. Detractors caution that such a shift would deepen economic disparities and encounter formidable legal hurdles.

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Story summary

Conservative factions, spearheaded by Grover Norquist, are pushing President Trump to index capital gains to inflation, a move that could favor the affluent. This comes on the heels of a substantial tax bill expected to inflate the national debt by over $4 trillion. Detractors caution that such a shift would deepen economic disparities and encounter formidable legal hurdles.