{"database": "press", "table": "releases", "rows": [["https://donalds.house.gov/news/documentsingle.aspx?DocumentID=466", "Rep. Donalds Announces Legislation Prohibiting the Implementation of Unrealized Capital Gains Taxation", "2021-11-03", "2021", "2021-11", "Republican", "House", "FL", "Byron Donalds", "D000032", "donalds.house.gov", "donalds", "https://donalds.house.gov/news/documentquery.aspx?DocumentTypeID=27", "scraper", "WASHINGTON \u2013 Yesterday, Congressman Byron Donalds (R-FL) introduced legislation that bars the federal government from imposing or implementing taxation on unrealized capital gains from any taxable asset.\n\n\u201cDemocrats have become so desperate to find the means to fund their multi-trillion-dollar spending spree, they\u2019ve now resorted to taxing wealth that technically doesn\u2019t exist,\u201d said Rep. Donalds. \u201cAn unrealized capital gains tax will empower the federal government to access the private transactions of Americans, needlessly expand bureaucracy in Washington, and will stifle economic prosperity for Americans.\u201d\n\n\u201cCongressional Democrats will stop at nothing to fund their socialist agenda. The idea of taxing unrealized gains makes zero sense. How can you tax something that is admittedly\u2026 unrealized? Their boondoggle of a bill is filled with gimmicky pay-for after gimmicky pay-for and this is no exception,\u201d said Rep. Timmons. \u201cI thank my friend Rep. Donalds for introducing this bill and am proud to join him in this effort.\u201d\n\n\u201cWith inflation at a 30-year high, now is the worst time to raise taxes on American families and businesses,\u201d said Rep. Rose. \u201cThe proposed capital gains tax would lead to fewer jobs and lower wages. Rather than pushing tax increases, the Biden administration should be introducing policies that promote economic growth so that our economy can continue to grow. Businesses are flocking to Tennessee because of our pro-business and pro-family tax code. Take note, Mr. President.\u201d\n\n\u201cDemocrats are pitching several dangerous ideas to pay for their multi-trillion-dollar spending package, all of which will hurt our economy and pass increased costs onto consumers,\u201d said Rep. Fitzgerald. \u201cI\u2019m joining Rep. Donalds on this bill to ensure a tax on unrealized capital gains does not take effect. Studies have found implementing a capital gains tax would shrink our economy, and this is an outcome our country simply cannot afford on top of skyrocketing inflation.\u201d\n\n\u201cUnder the guise of making sure the rich pay their fair share, President Biden and House Democrats are pushing tax policies that take more money out of the pockets of the Middle Class and Main Street businesses,\u201d said Congressman Webster. \u201cTaxpayer dollars do not belong to Washington. They belong to hardworking Americans, who best know how to spend their hard-earned dollars. This bill allows small business owners to keep more of the fruits of their labor to re-invest in their business and in their employees, which empowers Americans with more money to buy a home, save for their children\u2019s education, and invest for retirement.\u201d\n\n\u201cI'm proud to support Congressman Donald\u2019s commonsense measure in response to Washington bureaucrats' absurd push to tax unrealized capital gains at the expense of policies that promote economic growth, domestic investment, and American innovation,\u201d said Rep. Owens.\n\nRead this legislation in its entirety here.\n\nHouse Original Co-Sponsors: Reps. Budd (NC-13), Cammack (FL-03), Fitzgerald (WI-05), Harshbarger (TN-01), Higgins (LA-03), Jackson (TX-13), Owens (UT-04), Rose (TN-06), Timmons (SC-04), Webster (FL-11)\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:30:49Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://donalds.house.gov/news/documentsingle.aspx?DocumentID=466"], "units": {}, "query_ms": 2.208986785262823, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}