Key Takeaways Trump considers eliminating capital gains tax on primary home sales, linking it to Fed rate cuts . Current law exempts $250K (single) / $500K (married) gains since 1997—unadjusted for inflation . 29M+ homeowners could exceed exemption thresholds today; high-cost areas hit hardest . Critics argue removal primarily benefits wealthy sellers (avg. net worth: $5.7M) . NAR claims tax creates “stay-put penalty,” freezing inventory as seniors delay downsizing . The Proposal in a Nutshell Trump’s Oval Office remarks hit like a whiskey shot—no chaser. “We are thinking about no tax on capital gains on houses,” he told reporters, flanked by leather chairs and Philippine President Ferdinand Marcos Jr. . He framed it as a housing market fix, snarling that the Federal Reserve’s refusal to slash rates forced his hand. “If the Fed would lower the rates, we wouldn’t even have to do that” . Within hours, Rep. Marjorie Taylor Greene claimed his words endorsed her No Tax on Home S...
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