Trump Considers Eliminating Capital Gains Tax on Home Sales

President Donald Trump is considering eliminating capital gains taxes on home sales, a move aimed at revitalizing a stagnant housing market burdened by high prices and interest rates. Currently, homeowners can exclude up to $250,000 (single) or $500,000 (couples) in capital gains from taxation, but Trump's proposal would remove these limits, potentially benefiting sellers in high-value markets who face significant tax bills. Experts suggest this could encourage seniors and other homeowners to sell, unlocking equity and possibly stimulating demand for new construction. However, critics warn the policy might disproportionately favor wealthier homeowners and could drive up housing prices further by increasing demand. Trump also connects this tax proposal to his broader push to lower Federal Reserve interest rates to boost housing activity. The proposal aligns with legislation introduced by Rep. Marjorie Taylor Greene but would require congressional approval to become law.