22. Department of the Treasury · Notable · Needs Congress
Index capital gains taxes for inflation
Printed page 696 22. Department of the Treasury
“The system should allow immediate expensing for capital expenditures and index capital gains taxes for inflation.”
What has happened
- Not started
Public Law 119-21 did not index the basis of capital assets for inflation. The enrolled text contains no amendment to section 1012 or to the capital gain provisions for inflation adjustment of basis. The bills that would do it — S. 798 and H.R. 1857, the Capital Gains Inflation Relief Act of 2025 — were referred to the Finance and Ways and Means Committees and have not been voted on by either chamber.
Research log
What was searched, and what didn’t count as evidence
Research notes
Leads, not Evidence (introduced bills; a referral is not started under playbook §3b):
- S. 798, Capital Gains Inflation Relief Act of 2025, read twice and referred to Finance 2025-02-27.
- H.R. 1857, same title, referred to Ways and Means 2025-03-05.
This Quote is shared with #1923 (immediate expensing), which Public Law 119-21 did deliver in part.
- Action
- other
- Object
- indexation of capital gains for inflation
- ID
- 1924