Capital gains tax reform may be coming. Here’s what Republicans and Democrats want

, Arizona Republic Published 10:35 a.m. ET Sept. 22, 2019

Capital gains were largely unaffected by federal income-tax reform a couple of years ago, but recent rumblings suggest they could be put into play sooner or later.

Capital gains are the profits that people earn on stocks, bonds, housing and other types of investments. In essence, if you sell an asset for more than you paid, you have a gain, although the tax treatment is a bit more complicated than that.

Proposals from members of the two main political parties could make things more complex and politicized.

Some Republicans would like to see capital gains indexed to inflation, which would mean people pay taxes on a smaller portion of their gains. Some Democrats want to see wealthy investors pay higher tax rates on capital gains, and sooner.

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