GOP Sens. Ted Cruz and Tim Scott are asking the Treasury Department to approve a $200 billion tax cut without prior authorization from Congress. The proposal involves adjusting capital gains taxes by adjusting the basis for inflation, arguing it would boost savings, stimulate investment and create jobs nationwide. However, Harvard professor Jason Furman suggested that the tax cut would require other adjustments based on inflation. While the plan could face legal challenges, it could resolve instability in the housing market.