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7/23/2025, 7:34:36 PM
>Trump’s comments come roughly two weeks after Rep. Marjorie Taylor Greene, R-Ga., introduced the No Tax on Home Sales Act, to eliminate capital gains taxes on primary home sales.
“Homeowners who have lived in their homes for decades, especially seniors in places where values have surged, shouldn’t be forced to stay put because of an IRS penalty,” she said in a statement. “My bill unlocks that equity, helps fix the housing shortage, and supports long-term financial security for American families.”
>If capital gains taxes for home sales were eliminated, the measure would primarily benefit sellers who are older and wealthier, according to an analysis released Tuesday from The Budget Lab at Yale University.
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“Homeowners who have lived in their homes for decades, especially seniors in places where values have surged, shouldn’t be forced to stay put because of an IRS penalty,” she said in a statement. “My bill unlocks that equity, helps fix the housing shortage, and supports long-term financial security for American families.”
>If capital gains taxes for home sales were eliminated, the measure would primarily benefit sellers who are older and wealthier, according to an analysis released Tuesday from The Budget Lab at Yale University.
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