Share This Article with a Friend!


Conservative Action Project: End the Inflation Tax Penalty

CAP
The conservative leaders involved in the Conservative Action Project have released the following Memo for the Movement entitled "End the Inflation Tax Penalty."

Conservatives support the Trump administration’s commitment to ending the taxation of inflation when taxing capital gains—a practice which taxes Americans on “gains” that exist only on paper.

Ending the tax on inflation is a critical step forward in reducing unfairness in the tax code. It provides for “bracket creep,” which drives Americans into higher tax brackets with inflated wages which are not actually increasing real buying power. It is damaging to families, farmers, homeowners, businesses, and Americans who save for their retirement.

The president has clear authority to take this action, and the policy has received bipartisan support over the years from current Senate Democrat Leader Chuck Schumer, House Majority Leader Steny Hoyer, and Senator Tom Carper (D-Del.).

Ending the tax on inflation of homes, lands, stocks and bonds, and even comic book collections will unlock trillions in “sticky capital,” sending trillions into the economy that would otherwise remain on the sidelines. As with every capital gains tax reduction, more tax revenue would end up in the Treasury as a result.

Ending the tax on inflation is a step forward to achieving fairness, justice, and prosperity for families of all ages, and all Americans across the country.

All organizations listed for IDENTIFICATION purposes only.

The Honorable Edwin Meese III
Attorney General
President Ronald Reagan (1985-1988)

Alfred S. Regnery
Chairman, Conservative Action Project
Chairman, Law Enforcement Legal Defense Fund

The Honorable David McIntosh
President
Club for Growth

Myron Ebell
Director, Center for Energy and Environment
Competitive Enterprise Institute

Jenny Beth Martin
Chairman
Tea Party Patriots Citizen Fund

Tom McClusky
President
March for Life Action

The Honorable Colin A. Hanna
President
Let Freedom Ring, Inc.

The Honorable Becky Norton Dunlop
White House Advisor
President Ronald Reagan (1981-1985)

The Honorable Bob McEwen
U.S. House of Representatives
Former Member, Ohio

The Honorable Morton C. Blackwell
President
The Leadership Institute

The Honorable T. Kenneth Cribb, Jr.
Chief Domestic Advisor
President Ronald Reagan (1987-1988)

The Honorable J. Kenneth Blackwell
Chairman
Constitutional Congress, Inc.

William L. Walton
President
Council for National Policy

Mary Vought
Executive Director
Senate Conservatives Fund

The Honorable Jim DeMint
Member, South Carolina
United States Senate (2005-2013)

Ed Corrigan
Vice Chairman, Conservative Action Project
Executive Director, Senate Steering Committee (2003-2012)

Kenneth A. Klukowski, Esq.
General Counsel
American Civil Rights Union

Kelly J. Shackelford, Esq.
Chairman, CNP Action, Inc.
President and CEO, First Liberty Institute

Lt. Gen. William G. Boykin (Ret.)
Executive Vice President
Family Research Council

Rachel Bovard
Policy Director
Senate Steering Committee (2014-2015)

Matt Schlapp
Chairman
American Conservative Union (ACU)

Daniel Schneider
Executive Director
American Conservative Union (ACU)

Adam Brandon
President
FreedomWorks

Thomas Fitton
President
Coalitions for America

Noah Wall
Vice President of Advocacy
FreedomWorks

Rod D. Martin
Founder and CEO
The Martin Organization, Inc.

Sherri R. Martin
Executive Vice President
The Martin Organization, Inc.

Haley E. Martin
President
The Martin Foundation

Shawn A. Mitchell
Former National Chaplain
National Federation of Republican Assemblies (NFRA)

Jerry Melvin
Former Dean
Florida House of Representatives

Norman Singleton
President
Campaign for Liberty

Seton Motley
President
Less Government

Dr. Jerome R. Corsi
Founder and CEO
CorsiNation.com

The Honorable Diana Denman
President Reagan Presidential Appointee
The Reagan Legacy Forum

Paavo Ensio
Chairman
Universal Minerals Group

Annette Thompson Meeks
CEO
Freedom Foundation of Minnesota

William W. Pascoe, III
Board Member
Tea Party Patriots Action

Peter Thomas
Chairman
The Conservative Caucus

Anne Schlafly Cori
Chairman
Eagle Forum

Rebecca Hagelin
Columnist
The Washington Times

Roxanne Phillips
Member, Executive Committee
Council for National Policy

The Honorable Donald Hodel
Secretary of Energy and Secretary of Interior
President Ronald Reagan

Dr. Richard Rounsavelle
Trustee
Media Research Center

Joan Holt Lindsey
President
Lindsey Communications

Gerard Kassar
State Chairman
NYS Conservative Party

Amy Kremer
Chair
Women for Trump

Elaine Donnelly
President
Center for Military Readiness

Jack Park
Conservative Activist and Donor

William Shaker
CEO
Washington Marketing Group

C. Preston Noell III
President
Tradition, Family, Property, Inc.

Amapola Hansberger
President
Legal Immigrants for America

John F. Tate
President
America’s Liberty PAC

Dr. Frank Wright
Chief Executive Officer
D. James Kennedy Ministries

Dr. Richard G. Lee
President
There’s Hope America Inc.

Ron Pearson
Executive Director
Conservative Victory Fund

The Honorable George K. Rasley Jr
Managing Editor
ConservativeHQ.com

Allen J. Hébert
Chairman
American-Chinese Fellowship of Houston

Kay R. Daly
President
Coalition for a Fair Judiciary

The Honorable Charles J. Cooper
Assistant Attorney General, President Ronald Reagan
Cooper & Kirk, PLLC

Col. Francis X. De Luca USMCR(Ret)
President Emeritus
Civitas Institute

Lt. Col. Willes K. Lee (Ret.)
President
National Federation of Republican Assemblies

Sean Noble
President
American Encore

Ed Martin
President
Phyllis Schlafly Eagles

Lee Beaman
CEO
Beaman Automotive Group

James L. Martin
Founder/Chairman
60 Plus Association

Saulius “Saul” Anuzis
President
60 Plus Association

Saulius “Saul” Anuzis
President
60 Plus Association

Ron Robinson
President
Young America’s Foundation

The Honorable Mike Hill
Florida State Representative
Florida State House

Sal Russo
Co-Founder and Chief Strategist
Tea Party Express

Robert K. Fischer
Meeting Coordinator
Conservatives of Faith

Melvin Adams
Past President
Renewanation

Share this