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◆ Mixed look for CruzTaxesEconomyHousing

Ted Cruz, Tim Scott asking Treasury to approve $200B tax cut without congressional approval

Cruz joined Tim Scott in asking Treasury to reduce capital-gains taxes by adjusting cost bases for inflation.

Ted Cruz, Tim Scott asking Treasury to approve $200B tax cut without congressional approval
Image · Yahoo News

SOURCE CHECK

TAP FOR WHY
Host credibilityYahoo News74/100 HIGH
This article1 analysis · Oct 9, 2026

Credibility rates Yahoo News, which republished this story. The other scores rate the article itself.

Republished with credit

Republished from The Hill, with credit to the original publisher.

The Hill78/100 HIGH

471 stories · 77.7–78.1 · updated Oct 15, 2026

This is The Hill's own score, and this article is credited to The Hill. The host score in the Source Check is Yahoo News's.

Yahoo Newsvia The Hill
Mar 4, 2026
tl;dr

Sens. Ted Cruz and Tim Scott asked Treasury to reduce capital-gains taxes by adjusting asset cost bases for inflation, without prior congressional approval. The proposal could face legal challenges and, according to a cited forecast, would disproportionately benefit high-income households.

Community verdict

32 VOTES
How does this story look for
Ted Cruz R · TX · SEN

Counts every outlet’s report of this story. See all 2

● OPEN
Votes cast on this page

Votes cast on this page: ▲ 15 · ◆ 6 · ▼ 11

People in this story

SWIPE →
Ted Cruz
R · TX · SEN

Texas senator asking Treasury to adjust the inflation basis for capital gains

PRIMARY SUBJECT
Tim Scott
R · SC · SEN

South Carolina senator asking Treasury to adjust the inflation basis for capital gains

Scott's version of this story ↗
Donald Trump
R · President of the United States

President whose economic agenda is mentioned in connection with the proposal

Scott Bessent
R · Secretary of the Treasury

Treasury Secretary and recipient of the senators’ letter

Part of a bigger story

2 OUTLETS
Ted Cruz and Tim Scott Ask Treasury to Adjust Capital Gains Inflation Calculation
COVERAGE BY OUTLET LEANTHIS OUTLET
ARTICLES
2
OUTLETS
2
AVG CRED
69
ALSO ABOUTTim Scott

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