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Dear Adrian, 

President Trump is seriously considering a tax cut that would be HUGE for every investor in America and that would put the already strong U.S. economy into overdrive – and he can do it on his own authority, without Congress.

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Trending: An Open Letter to the Supreme Court

Will you help me get this tax cut to the finish line?

Ask President Trump to Stop the Capital Gains Inflation Tax!

President Trump should direct Treasury Secretary Steven Mnuchin to define the term “cost” for capital gains tax purposes to include an inflation adjustment. This would ensure that only real gains are taxed whenever an asset is sold – not artificial gains from a devaluation of the dollar.

This would unlock trillions of dollars in the U.S. economy. It would also give Americans greater security when planning for their retirement, because inflation would no longer drive up tax liabilities on their assets.

Ask President Trump to repeal the Capital Gains Inflation Tax!

Best of all, President Trump doesn’t need help from the dysfunctional Congress to get this done – there is a Supreme Court precedent that makes clear the word “cost” can be defined in a variety of ways, and therefore the Treasury Department can adopt an inflation-adjusted definition.

President Trump can do this with a simple executive order directing Secretary Mnuchin to move forward! Will you take a moment to end the taxation of phantom, inflationary gains?

If you have already signed your letter, please forward this to a friend. We are almost there; let’s make sure that we get this tax cut to the finish line! Thanks for all you do.

Phil, President, American Commitment


Dear Phil:

Your appeal really challenges me and while I appreciate the value of the formation of capital in the economy I am tempted to say “No” to this effort as it encourages inflation by the printing of more money on the excuse it is accounted for in patches of this kind.  And believe me, this is a Bandaid on a cancer; the uncontrolled growth of currency.

While I am glad to know you are thinking of expansion I do not think this is the way to go about it.

Adrian Vance

The opinions expressed in this commentary are solely those of the author and are not not necessarily either shared or endorsed by iPatriot.com.

Adrian Vance

Adrian Vance is a writer and producer of educational films, filmstrips and audio programs with over 325 productions from script to screen. See a partial list of his credits at http://worldcat.org. He has written for ten national magazines, been on the masthead of two as an Editor, written 20 books. He is an FCC licensed broadcaster with ten years of on-air experience in talk radio and television. He is a frequent participant on CRN Talk Radio. He is an inventor and US Patent holder. His blog, "The Two Minute Conservative" is at http://adrianvance.blogspot.com It includes over 4500 daily pieces.

 

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