Contact Congress about S. 798: Capital Gains Inflation Relief Act of 2025

People could raise an asset’s purchase price for inflation before calculating capital gains tax. The rule would apply to some long-held stocks, digital assets, and business property, but not to corporations directly.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Capital Gains Inflation Relief Act of 2025 is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Finance.

Latest action on S. 798: Read twice and referred to the Committee on Finance.

Who this affects: This bill mainly affects people who own long-term investments or business property and may sell them after more than three years. It also affects investors who own assets through mutual funds, real estate investment trusts, partnerships, S corporations, or common trust funds. Tax advisers and the Internal Revenue Service would have to apply new records, formulas, and anti-abuse rules.

Why this matters: Today, people can pay capital gains tax on price increases caused by inflation, not just real growth in value. This bill would reduce that tax for some long-held assets by adjusting the purchase price upward for inflation. That could make long-term investing more attractive, but it could also reduce federal tax revenue. The size of the effect is uncertain because it depends on future inflation and how taxpayers use the rule.

Key provisions in S. 798

• Only non-corporate taxpayers could use this rule directly. Corporations could not claim the indexed basis benefit themselves.
• An asset must be held for more than three years to qualify. Shorter-term holdings would not get the inflation adjustment.
• The rule covers several types of assets. These include U.S. C corporation common stock, some foreign stocks, qualifying blockchain-based digital assets, and tangible property held as an investment or used in a business.
• The inflation adjustment uses the gross domestic product price deflator, a government measure of price changes. It compares the quarter before the asset was bought with the quarter before it was sold.
• Taxpayers must have written proof of what they paid. Without that record, they cannot claim indexing for that asset.

How Modern Action helps you take action on S. 798

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about S. 798

What is S. 798?

People could raise an asset’s purchase price for inflation before calculating capital gains tax. The rule would apply to some long-held stocks, digital assets, and business property, but not to corporations directly.

How do I support or oppose S. 798?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about S. 798?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain S. 798 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.