U.S. Senator Ted Cruz (R-TX) has published a letter dated 29 July 2019 that was sent to Treasury Secretary Mnuchin regarding the indexation of capital gains to inflation. The letter, which was signed by 20 other Republican Senators, urges Secretary Mnuchin to take administrative action to change the current method to calculate capital gains. According to the letter, the current method Treasury employs to calculate capital gains ignores gains resulting from inflation and ultimately hampers economic growth. If capital gains were indexed to inflation, the Senators argue, it would unlock capital for investment, increase wages, create new jobs, and grow...