President Donald Trump this week floated the prospect of ending capital gains tax on home sales, he told reporters on Tuesday.
Trump made the remark while take questions during a meeting with Philippines President Ferdinand “Bongbong” Marcos Jr. A reporter mentioned that there is now no tax on tips and overtime and asked, “How important is that we have no tax on home sales, capital gains, to unleash the housing market?”
“Well, we’re thinking about that,” Trump responded. “But would also unleash you just by lowering the interest rates. If the fed would lower the rates, we wouldn’t even have to do that.”
However, Trump repeated that they are…
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