Trump team eyes capital-gains cut while lawmakers warn of private home-listing networks
The Trump administration is considering halving capital-gains taxes on primary-residence sales, and Rep. Scott Fitzgerald has raised concerns about a private-listing system that could hide homes from buyers.
President Donald Trump’s administration is weighing a proposal to cut the capital-gains tax on primary-residence sales, potentially raising the exclusion to $500,000 for individuals and $1 million for married couples and indexing it to inflation. The change is intended to encourage long-time owners to downsize, freeing up larger homes for younger families in a market where prices have surged. Meanwhile, Rep. Scott Fitzgerald, R-Wis., has written to real-estate brokerage Compass and data firm Midwest Real Estate Data demanding clarification on their plan to create a private-listing network that could operate nationwide.
Critics argue that such a closed system would further restrict public visibility of homes, compounding affordability challenges. The article contends that removing tax hurdles and preserving open listings are essential to unlocking existing housing supply without new construction subsidies. It frames these steps as market-based solutions to the nation’s housing shortage.
Why it matters
Easing tax rules and keeping listings public could expand the pool of homes available to prospective buyers.
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