PenceBlog: <b><i>National Review's</i> Phil Kerpen says Pence-Cantor capital gains tax relief bill "should become a law"</b> - U.S. Congressman Mike Pence : 6th District Of Indiana

National Review's Phil Kerpen writes about H.R. 6057, the Pence-Cantor bill, in this blog entry. The bill would eliminate the capital gains tax on inflation, which would reduce the tax burden for millions of Americans.

Here is an excerpt:

"Fortunately, new legislation sponsored by Reps. Mike Pence (R., Ind.) and Eric Cantor (R., Va.), H.R. 6057, would repeal the inflation tax. The bill would index the tax basis for an asset to inflation, taxing only real gains, not inflation. With the burgeoning investor class making up more than half of voters, this basic fairness issue is sound politics as well as policy. Pence-Cantor is a bill that should become a law."

Fox.com has more information on the Pence-Cantor bill.

posted by Pence Press Office # 7:39 AM