Aug. 12 at 5:23 PM
A tax break for Americans selling their primary residence could become part of the Trump administration’s midterm pitch. But experts say such an effort is unlikely to happen quickly — and the benefits would skew to wealthier homeowners.
In a conversation on Fox Business on Tuesday, National Economic Council Director Kevin Hassett and host Larry Kudlow, who led the council during Trump’s first term, said the White House may propose new tax breaks in the lead-up to the midterm elections.
Kudlow said he’d spoken to President Donald Trump about indexing capital gains to inflation, as well as making changes to capital gains taxes on home sales that would shield more of homeowners’ profits from taxes. He said Trump was “very interested” in those ideas.
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