Maybe someone slipped me a hit of acid, but I was wondering, what kind of tax break

[brewens]

to compensate for inflation could be proposed? For working class and poor people, structured so it can be an immediate payment. Really just more checks sent out, but it needs to be called a tax break, and paid for by the wealthy.

[jimfields33]

1. I would definitely send out another check and say it's towards added prices

But I doubt it will happen.

[boston bean]

2. It is counterintuitive but it would actually increase inflation.

[CentralMass]

3. Good luck with that. Manchin the gatekeeper would kill that dead in its tracks.

[brewens]

5. Of course he would. But everyone gets to see him do it. Kill a working class tax break. n/t

[mahatmakanejeeves]

4. It would reduce the capital gains tax.

I buy ten shares of stock for $100 per share. When I get around to selling them, let's say things that used to cost 1 unit now cost 1.50 units, due to inflation. I sell the stock for $140 per share.

Thanks to indexing, I've lost money on the stock. I have a capital loss, not a capital gain.

[Shermann]

6. The federal and state tax brackets are already adjusted for inflation every year nt