Sens. Lankford, Cruz Work to Relieve Pressures of Inflation Caused by Democrats Excessive Spending
November 05, 2021
November 05, 2021
WASHINGTON, Nov. 5 -- Sen. James Lankford, R-Oklahoma, issued the following news release on Nov. 4, 2021:
Senators James Lankford (R-OK) and Ted Cruz (R-TX) today introduced the Capital Gains Inflation Relief Act, legislation to ensure an individual's cost basis in a capital asset receives the same fair and equitable tax treatment as other provisions of the tax code by indexing the basis for inflation. According to the US Bureau of Labor Statistics, inflation has increased 5.4 . . .
Senators James Lankford (R-OK) and Ted Cruz (R-TX) today introduced the Capital Gains Inflation Relief Act, legislation to ensure an individual's cost basis in a capital asset receives the same fair and equitable tax treatment as other provisions of the tax code by indexing the basis for inflation. According to the US Bureau of Labor Statistics, inflation has increased 5.4 . . .