WASHINGTON – U.S. Rep. Marjorie Taylor Greene, R-Ga., has launched the “No Tax on Dwelling Gross sales Act”, which might eradicate the federal capital good points tax on residence gross sales.
In a submit on X, the congresswoman from Georgia stated households who “work onerous, construct fairness, and promote their houses shouldn’t be punished with a large tax invoice.”
She stated the invoice helps householders “unlock their fairness, boosts housing provide, and brings equity again to the tax code.”
“Let the American folks maintain what they’ve earned,” Greene wrote.
🚨 NO MORE TAXING THE AMERICAN DREAM!
Households who work onerous, construct fairness, and promote their houses shouldn’t be punished with a large tax invoice.
I simply launched the No Tax on Dwelling Gross sales Act to ELIMINATE the federal capital good points tax on residence gross sales.
This invoice helps householders…
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 10, 2025
In keeping with a press launch, the invoice would do the next:
- Eradicate the federal capital good points tax on residence gross sales
- Encourage mobility by eradicating a key disincentive to promoting, serving to to extend housing provide
- Ship tax aid to householders seeking to downsize or relocate with out being penalized for appreciation
- Defend first-time patrons by enhancing stock and decreasing costs in essentially the most constrained housing markets
To be taught extra, click on right here.
