Job Creators Network Praises Trump Administration Plans to Index Capital Gains to Inflation as Big Victory for Small Businesses

Press ReleaseJune 28, 2019

Washington, DC (June 28, 2019) – Today the Job Creators Network praised Trump Administration plans to index the capital gains tax to inflation.

Alfredo Ortiz, president and CEO of the Job Creators Network, released the following statement:

The capital gains tax exacts a significant toll on small business owners, especially considering that it not only applies to asset appreciation but also to the phantom gains associated with inflation. This means the effective capital gains rate is far higher than its stated 23.8 percent. This punishes small businesses for successfully growing their companies. The Trump Administration’s plans to take executive action to correct this injustice and index the capital gains tax to inflation would bring additional tax relief to small business owners while adding fuel to the current economic fire as entrepreneurs realize their capital gains and reinvest the proceeds. The move would be just the latest big victory for small businesses under the Trump Administration.