President Donald Trump has the power to end the inflation tax on capital gains, which he claims can be done directly by him. Treasury Secretary Scott Bessent can index the cost basis of the house to inflation, thereby eliminating the tax. This would effectively eliminate the tax on life savings in the stock market, small businesses, and farm that are taxed as if they are not. This is a powerful pro-growth, pro-affordability act the federal government can take. Thirty conservative groups have signed a letter supporting the Treasury's decision to end this inflation tax. The tax will no longer stand between homeowners and their ability to access their life savings.