capital gains tax

RSC, Real Estate Caucus Members Urge Treasury to Index Capital Gains to Inflation After Biden-Era Inflation Hit Homeowners

Republican Study Committee (RSC) and Congressional Real Estate Caucus members, led by Rep. Mark Alford (R-MO), are transmitting a letter Friday morning to Treasury Secretary Scott Bessent, urging the department to use existing authority to index capital gains calculations to inflation, arguing the change could be implemented administratively without requiring new legislation.

A family meeting with a real estate agent in front of the house on sale - stock photo

Jerry Brown to Spend Surplus Funds on Schools

Gov. Jerry Brown will release his updated budget on Thursday, and in light of the Golden State’s $3 billion-plus surplus, Brown is expected to suggest an increase in spending on public schools and community colleges . He is also expected to ask that more funds be set aside for the state’s savings or “rainy day” fund.

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