


In what could be another huge win for American homeowners, Trump is floating the idea of eliminating capital gains taxes on home sales.
President Trump said Tuesday he is considering eliminating the capital gains tax on home sales — a potentially massive financial break for sellers.
“We are thinking about no tax on capital gains on houses,” Trump told reporters in the Oval Office during a meeting with Philippines President Ferdinand Marcos Jr.
Trump was responding to a question from Real America Voice reporter Brian Glenn, who is in a relationship with Rep. Marjorie Taylor Greene. The Georgia GOP congresswoman recently introduced a bill in Congress calling for the elimination of the tax on home sales.
Minutes earlier, the president had unloaded on Federal Reserve Chair Jerome Powell for not lowering interest rates.
“It’s causing a problem for people who want to buy a home,” Trump said. “People aren’t able to buy a house because this guy is a numbskull. He keeps the rates too high, and probably doing it for political reasons,” Trump went on, claiming that Powell will be out in “eight months” — despite his term expiring May 15.
Elderly homeowners, having held their properties for decades, are reluctant to sell due to steep capital gains taxes on the proceeds. This creates a shortage of family homes, as the older generation stays put, limiting options for young couples seeking to purchase.
Simple concepts that could pay off big for the American economy.
As it should be.
Yes, there needs to be an incentive for only primary homeowners, and not big corporations who buy up residential homes to rent out.
That sounds fair.
Never ever.