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Trump Proposes Tax-Free Home Sales Amid Housing Crisis

9/29/2025

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Summary

Story summary

President Trump proposed making home sales tax-free after a record high in U.S. housing prices.
The No Tax on Home Sales Act, by Rep. Marjorie Taylor Greene, would exempt family home sales.
Most sellers already benefit from exemptions; 90% generate under $500,000 in gains.
Critics say the plan favors wealthy homeowners and could widen disparities; renters gain nothing and face cuts.

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Story summary

President Trump proposed making home sales tax-free after a record high in U.S. housing prices.
The No Tax on Home Sales Act, by Rep. Marjorie Taylor Greene, would exempt family home sales.
Most sellers already benefit from exemptions; 90% generate under $500,000 in gains.
Critics say the plan favors wealthy homeowners and could widen disparities; renters gain nothing and face cuts.