Posted on 07/14/2025 8:18:37 PM PDT by SeekAndFind
President Donald Trump is reportedly considering eliminating the capital gains tax, which can boost investment, reward entrepreneurship, and strengthen the economy. By removing the tax on profits from stocks, property, and other assets, the president's move aims to unleash private capital that has been held back due to taxation.
On Sunday, while speaking to reporters, President Trump said he is considering eliminating the capital gains tax on home sales.
"I think it can be a great incentive for a lot of people that really need money," Trump said.
The reporter then suggested that eliminating the capital gains tax on home sales—combined with Federal Reserve Chair Jerome Powell stepping down—could help boost the housing market.
"Well, I think if Jerome Powell stepped down, it would be a great thing, I don't know if he's going to, but he should," Trump responded.
Eliminating the capital gains tax on home sales could offer several potential benefits, including encouraging homeownership and boosting real estate market activity.
Without capital gains tax, homeowners may be more willing to sell and move, thereby freeing up housing inventory and making it easier for families to relocate for job opportunities, better school districts, or lifestyle changes. It could also increase buying and selling activity, leading to a stronger housing market, more construction, and greater demand for related services, such as home improvement, real estate agents, and movers.
In addition, taxing gains made from years of property investment or appreciation can be seen as a penalty on success. Eliminating the tax would allow homeowners to fully reap the benefits of their investment.
While President Trump's Big Beautiful Bill doesn't cut rates overall, it added additional loopholes and incentives for investors, especially in startups and real estate. Additionally, investors can continue to defer or eliminate capital gains taxes by reinvesting in distressed areas, especially rural ones, which provides a significant tax break for long-term investments in low-income communities.
FLOATS? Come on! That would show how really serious he is!
Looks like Pelosi is about to get richer ...
Eliminate Capital Gains taxes on financial investments (stocks), and watch the economy roar!
WIPING THE ILLEGALS OUT OF THE USA WILL FREE UP LOTS OF HOUSING
He should do away with Required Minimum Distributions! They are a pain in the neck.
Where’s my “No Tax on SS”?
Give the poor slobs out here something...NO tax on SS?...maybe no property tax on long time senior homeowners or a tax credit?
"...Oh, you're not boring. I'll give you that!"
People can say what they want about Trump, but that man is not boring! I have never in my life seen a President like him.
And we may never see one again.
It is in there
The American Revolution sparked over taxes like a 3% duty on tea.
The Founding Fathers would consider our modern tax system a type of Slavery.
Exactly. The most unfair, despicable tax in existence. Seniors get bupkis!
In where?
I don’t see ANY elimination of Income Tax on SS.
Some minor smoke and mirrors that will likely increase my Income Tax to a small degree.
Oh, I love THAT idea!
The Big Bill. Let me find it.
LOL only if Congress comes off vacation and votes for it..
Sorry, you are correct, it is not in the bill. There are temporary tax deductions for seniors (which is what I read about), but nothing for social security. That sucks.
Seems like back in the 1980s, we used to talk about indexing income and capital gains taxes to inflation.
The democRATs hated it ...
[The American Revolution sparked over taxes like a 3% duty on tea.
The Founding Fathers would consider our modern tax system a type of Slavery.]
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