Trump Floats Eliminating Capital Gains Tax

Townhall ^ | 07/13/2025 | Sarah Arnold

[DIRTYSECRET]

FLOATS? Come on! That would show how really serious he is!

[CatOwner]

Looks like Pelosi is about to get richer ...

[Uncle Miltie]

Eliminate Capital Gains taxes on financial investments (stocks), and watch the economy roar!

[ridesthemiles]

WIPING THE ILLEGALS OUT OF THE USA WILL FREE UP LOTS OF HOUSING

[the_Watchman]

He should do away with Required Minimum Distributions! They are a pain in the neck.

[Paladin2]

Where’s my “No Tax on SS”?

[cherry]

Give the poor slobs out here something...NO tax on SS?...maybe no property tax on long time senior homeowners or a tax credit?

[rlmorel]

Heh, one of my favorite movies is the newer version of "The Thomas Crown Affair", and one of my favorite lines in it is when she (Renee Russo's character) says to him (Pierce Brosnan's character) in delighted exasperation after he throws a "nice little Renoir" painting into a fire:

"...Oh, you're not boring. I'll give you that!"

People can say what they want about Trump, but that man is not boring! I have never in my life seen a President like him.

And we may never see one again.

[madison10]

It is in there

[UnwashedPeasant]

The American Revolution sparked over taxes like a 3% duty on tea.

The Founding Fathers would consider our modern tax system a type of Slavery.

[montag813]

<,i>Where’s my “No Tax on SS”?

Exactly. The most unfair, despicable tax in existence. Seniors get bupkis!

[Paladin2]

In where?

I don’t see ANY elimination of Income Tax on SS.

Some minor smoke and mirrors that will likely increase my Income Tax to a small degree.

[Chani]

In addition, taxing gains made from years of property investment or appreciation can be seen as a penalty on success.

DUH!

[Beowulf9]

Oh, I love THAT idea!

[madison10]

The Big Bill. Let me find it.

[dpetty121263]

LOL only if Congress comes off vacation and votes for it..

[madison10]

Sorry, you are correct, it is not in the bill. There are temporary tax deductions for seniors (which is what I read about), but nothing for social security. That sucks.

[NorthMountain]

Seems like back in the 1980s, we used to talk about indexing income and capital gains taxes to inflation.

The democRATs hated it ...

[Zhang Fei]

[The American Revolution sparked over taxes like a 3% duty on tea.

The Founding Fathers would consider our modern tax system a type of Slavery.]

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That was a system with very little infrastructure and few benefits. Today, take away SS or Medicare and watch your political party go poof.