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US considering removing tax on capital gains on home sales, Trump says
UNITED STATES, JUL 22 – Trump says interest rate cuts are needed before removing capital gains tax on home sales, which affects about 13 million households, according to the National Association of Realtors.
- President Donald Trump is considering eliminating the capital gains tax on home sales, as he mentioned during an Oval Office meeting on July 22.
- Trump's potential change aims to help homeowners who feel penalized by the current tax system, especially seniors with appreciated home values.
- Critics argue that the tax elimination may mainly benefit wealthy Americans and could worsen housing affordability issues, according to various economists and reports.
- The National Association of Realtors states that current tax policies are locking older homeowners in place and reducing housing inventory, significantly impacting the market.
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51 Articles
Coverage Details
Total News Sources51
Leaning Left11Leaning Right13Center11Last UpdatedBias Distribution37% Right
Bias Distribution
- 37% of the sources lean Right
37% Right
L 31%
C 31%
R 37%
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