Trump Officials Float Cut to Capital Gains Tax on Home Sales. What It Could Mean for Homeowners

Trump officials float cut to capital gains tax on home sales. What it could mean for homeowners

Senior Trump administration officials have indicated the White House may pursue changes to capital gains taxation on home sales as part of its midterm election strategy. During a recent Fox Business appearance, National Economic Council Director Kevin Hassett and host Larry Kudlow discussed the possibility of adjusting capital gains tax treatment for residential properties. Kudlow stated that President Trump had expressed interest in proposals s…

Trump administration floats capital gains tax cut on home sales — what to know

President Donald Trump is reportedly weighing a proposal to cut the capital gains tax on home sales ahead of the midterms. Here is what that effort might look like and how it could affect homeowners. In an interview with Fox Business host Larry Kudlow, National Economic Council Director Kevin Hassett said this week that Trump is exploring policy proposals ahead of the November midterm elections. Kudlow said he has discussed with the president in…