gold-backed trust bonds; urging authorization

Summary

The resolution asks the United States Congress, the President and the Treasury Secretary to create Treasury Trust Bonds that can be redeemed in dollars or a fixed weight of gold and to eliminate federal capital‑gains tax on gold and silver used as legal tender. It is introduced by Arizona legislators and is aimed at federal policymakers, investors, taxpayers and state budgets that rely on precious‑metal holdings. The goal is to boost confidence in the dollar, provide a new Treasury financing tool, and align tax treatment with the Constitution’s reference to gold and silver as money.

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