Trump indicated that eliminating federal capital gains tax on home sales could boost the housing market. He suggested that lowering interest rates by the Federal Reserve could also help without needing tax changes. Greene is sponsoring the No Tax on Home Sales Act to eliminate this tax on primary residences, arguing that it unfairly burdens hardworking families trying to sell their homes. She highlighted the increasing home values as a reason for the bill's necessity.
We're thinking about that, but would also unleash it just by lowering the interest rates. If the Fed would lower the rates, we wouldn't even have to do that.
Greene announced she was sponsoring the No Tax on Home Sales Act earlier in the month, which would eliminate federal capital gains tax on the sale of primary homes.
Families who work hard, build equity, and sell their homes should not be punished with massive tax bills, Greene said in a statement.
The capital gains tax on home sales is an outdated, unfair burden especially in today's housing market, where values have skyrocketed.
Collection
[
|
...
]