There’s a push to cut capital gains taxes on home sales — how it could impact the housing market

Tamara Ceaikovski

Amid the U.S. housing shortage, some lawmakers want to reduce capital gains taxes on home sales . But experts disagree on whether this idea could help tackle the country's home affordability crisis . Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., this week sent a letter to Treasury Secretary Scott Bessent , urging him to use his executive authority to reduce capital gains taxes by indexing an asset's "basis," or purchase price, with inflation. Under current law, investors pay capital gains tax

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