WASHINGTON, D.C. — Former President Donald Trump said Tuesday he is considering eliminating the capital gains tax on home sales, a move he claims could help revive the struggling housing market.
“We are thinking about no tax on capital gains on houses,” Trump told reporters during an Oval Office meeting with Philippines President Ferdinand Marcos Jr.
Trump’s remarks came in response to a question from Real America’s Voice reporter Brian Glenn, who is in a relationship with Rep. Marjorie Taylor Greene (R-Ga.). Greene recently introduced legislation aimed at ending capital gains taxes on the sale of 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 “The capital gains tax on home sales is an outdated, unfair burden—especially in today’s housing market, where values have skyrocketed. My bill fixes that.”
Currently, single taxpayers can exclude up to $250,000 in gains from the sale of a primary residence, while married couples filing jointly can exclude up to $500,000. These limits have been in place since 1997.
Trump also used the opportunity to criticize Federal Reserve Chair Jerome Powell for keeping interest rates high, blaming him for pricing many Americans out of the housing market.
“People aren’t able to buy a house because this guy is a numbskull. He keeps the rates too high, and probably doing it for political reasons,” Trump said. He added that Powell would be out in “eight months,” although Powell’s current term doesn’t expire until May 2026.
Trump claimed the housing market could rebound quickly “just by lowering the interest rates.”
