On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Speaker of the House Rep. Mike Johnson (R-LA) said that raising the capital gains exemption for people who sell their house to move “does help everybody. It would help the average homeowner to have more access to the market” and is being discussed as part of a third reconciliation bill.
Host Larry Kudlow asked, “[O]ne issue here that comes up, we’re worried about housing, not doing well. How about indexing, inflation indexing the capital gains tax or exempting from the capital gains tax, a higher exemption if you sell your home and move to another home? It seems to me these tax…
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