As the national debt careens above $39 trillion, the Trump Administration is weighing policy changes that could heap hundreds of billions of dollars onto the growing tally, economists warn.
Earlier this month, a host of Republican lawmakers, led by Texas Sen. Ted Cruz and South Carolina Sen. Tim Scott, sent letters to Treasury Secretary Scott Bessent urging an executive action to index the agency’s calculation of capital gains taxes to inflation. The change would lower taxable capital gains through an adjustment of the cost basis of an asset to account for inflation.
