{"id":2653450,"date":"2026-09-02T07:59:58","date_gmt":"2026-09-02T11:59:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/could-congress-cut-taxes-on-capital-gains-on-houses-before-the-midterms\/"},"modified":"2026-09-02T08:02:05","modified_gmt":"2026-09-02T12:02:05","slug":"could-congress-cut-taxes-on-capital-gains-on-houses-before-the-midterms","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/could-congress-cut-taxes-on-capital-gains-on-houses-before-the-midterms\/","title":{"rendered":"Could Congress cut taxes on capital gains on houses before the midterms?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcould-congress-cut-taxes-on-capital-gains-on-houses-before-the-midterms%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2653450&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Legislation to reduce capital gains taxes on home sales appears unlikely before the upcoming midterm elections, despite some conservative advocates believing it could offer relief to families and aid Republicans politically. President Trump has considered urging Congress to cut these taxes, but limited legislative time suggests chances are dwindling. House Ways and Means Committee Chairman Jason smith and others have indicated that any tax relief measures, including potential cuts to capital gains taxes on home sales, might be feasible after the elections but before the next Congress begins. There is also bipartisan support for increasing the exclusion limit on capital gains from $250,000 to $1 million, which could appeal to both parties, though passing such legislation faces political and procedural hurdles. Experts and officials have also discussed proposals like indexing capital gains to inflation and raising exemptions for home sales, which could boost housing supply and affordability. while there is recognition of the potential benefits, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >legislative prospects remain uncertain amid high national debt<\/a> and current political dynamics.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">Prospects look dim for legislation to cut the capital gains <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/taxes\/\" data-type=\"post_tag\" data-id=\"302\">tax<\/a> on home sales before the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/midterm-elections\/\" data-type=\"post_tag\" data-id=\"308\">midterm elections<\/a>, despite some conservatives advising that it would provide relief to families and give Republicans a political boost.<\/p>\n<p class=\"wp-block-paragraph\">President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" data-type=\"post_tag\" data-id=\"4\">Donald Trump<\/a> has <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-08-11\/trump-weighs-call-for-capital-gains-tax-cuts-as-midterm-boost\">reportedly<\/a> weighed calling on <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/congress\/\" data-type=\"post_tag\" data-id=\"31\">Congress<\/a> to cut capital gains taxes ahead of the elections, but with few legislative days left, it appears that the window of opportunity is closing.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4708557\/congress-cut-taxes-capital-gains-houses-midterm-elections\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Could Congress cut taxes on capital gains on houses before the midterm elections?<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4707950\/republicans-introduce-bill-reform-cfpb-elizabeth-warren\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Republicans introduce bill to reform Elizabeth Warren\u2019s consumer protection agency<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4707573\/ustr-nonchalant-restart-canada-trade-negotiations\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Jamieson Greer nonchalant about restarting Canadian trade negotiations<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4704848\/40-trillion-debt-milestone-raises-questions-fiscal-commission-financial-crisis\/\"><strong>GRIM $40 TRILLION DEBT MILESTONE RAISES QUESTIONS ABOUT FISCAL COMMISSION<\/strong><\/a><\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">Any tax legislation would have to come through the House Ways and Means Committee, which is led by Chairman Jason Smith (R-MI).<\/p>\n<p class=\"wp-block-paragraph\">\u201cI\u2019m always looking at tax relief for working families,\u201d Smith told the <em>Washington Examiner<\/em> when asked about the potential to get some sort of capital gains tax cut, for instance, on home sales, ahead of November.<\/p>\n<p class=\"wp-block-paragraph\">When pressed specifically about legislation before the midterm elections, Smith hinted that the period after the elections, but before the start of the next Congress in January, might be feasible.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cI think lame duck looks like a great opportunity for a lot of tax,\u201d Smith said, referring to that period of time.<\/p>\n<p class=\"wp-block-paragraph\">Another member of the tax writing committee, Rep. Blake Moore (R-UT), said cutting capital gains on home sales could increase the housing supply. He said, though, that it would be difficult to pass under budgetary scorekeeping rules.<\/p>\n<p class=\"wp-block-paragraph\">He cast doubt on it becoming law before the November elections.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cI\u2019ll defer to the chairman, though, on the timing \u2026 I don\u2019t see the way that that monumental of a piece of legislation could get done before the midterms,\u201d Moore told the <em>Washington Examiner<\/em>.<\/p>\n<p class=\"wp-block-paragraph\">Last month, during an interview with Fox Business host Larry Kudlow, National Economic Council Director Kevin Hassett said Trump is exploring policy proposals ahead of the November midterm elections. Kudlow said he has discussed with the president <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4652304\/conservatives-eye-treasury-index-capital-gains-inflation\/\">indexing capital gains to inflation<\/a> and exempting sales of homes worth $2 million or less from capital gains.<\/p>\n<p class=\"wp-block-paragraph\">\u201cI spoke to him, he liked the idea of the indexing, he liked the idea of a bigger exemption,\u201d Kudlow said.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-4\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-4\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-25\" data-wex-ad=\"art-dsk-inart-4\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">The capital gains exclusion for home sales is currently at $250,000 for single owners and $500,000 for married couples.<\/p>\n<p class=\"wp-block-paragraph\">Legislation to increase the exclusion could court bipartisan support \u2014 the More Homes on the Market Act, sponsored by Rep. Jimmy Panetta (D-CA), has dozens of Republican and Democratic co-sponsors and would double the current exclusion, so joint filers would be able to exclude up to $1 million. The new cutoff would also be adjusted for inflation.<\/p>\n<p class=\"wp-block-paragraph\">Stephen Moore has advised Trump and is a chairman and co-founder of the group Unleash Prosperity, which supports free markets, repealing regulations, and more. He told the <em>Washington Examiner<\/em> that in terms of legislation ahead of the midterm elections, for Republicans, this is sort of \u201cthe only game in town.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-5\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-5\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-26\" data-wex-ad=\"art-dsk-inart-5\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cNow, whether they can do that or not, whether they can get it done, is another question, but there\u2019s sort of no other competing idea out there,\u201d Moore said.<\/p>\n<p class=\"wp-block-paragraph\">Moore said he has spoken to Smith, Trump, and House Speaker <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/mike-johnson\/\" data-type=\"post_tag\" data-id=\"7043\">Mike Johnson<\/a> (R-LA) about the idea and that they have concerns about the political lift required to get it across the finish line ahead of the midterm elections.<\/p>\n<p class=\"wp-block-paragraph\">\u201cI think one of the worries they have is that they would spend a lot of political capital getting this done, and with a very slim majority in the House \u2014 and then the Senate just kills it through inaction,\u201d Moore said.<\/p>\n<p class=\"wp-block-paragraph\">Still, Moore said passing such a measure would be good economic policy and would be politically popular with voters.<\/p>\n<p class=\"wp-block-paragraph\">Rep. David Schweikert (R-AZ), a fiscal hawk who is also a member of the Ways and Means Committee, told the <em>Washington Examiner<\/em> on Tuesday that cutting taxes without also cutting spending is difficult in the current environment, which features high government debt and rising yields on Treasury securities.<\/p>\n<p class=\"wp-block-paragraph\">\u201cSo how do you do that without finding sort of an offset to not freak the bond market out?\u201d Schweikert said. \u201cBecause what would happen if you did that in such a way where it became doubly expensive because the bond market says, \u2018Screw you! I\u2019m going to raise interest rates even more.\u2019\u201d<\/p>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4706189\/scott-bessent-national-debt-growth-way-out\/\"><strong>BESSENT SAYS WORLD IS \u2018AWASH IN DEBT\u2019 AND GROWTH IS THE ONLY WAY OUT<\/strong><\/a><\/p>\n<p class=\"wp-block-paragraph\">Housing and housing affordability have become major concerns for consumers, with supply being the major focus. And in light of that, Congress recently passed the biggest bipartisan housing bill in recent memory, the 21st Century ROAD to Housing Act.<\/p>\n<p class=\"wp-block-paragraph\">That legislation streamlines environmental reviews to speed up affordable housing development and makes it cheaper and easier to build manufactured homes. In addition to easing federal regulations, the bill also encourages states and cities to reform their land use rules, which would mark a significant change in the federalist system with respect to city planning.<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legislation to cut home capital gains tax unlikely before midterms<\/p>\n","protected":false},"author":3360,"featured_media":2653451,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/capitol-building-dc.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[40798,4402,4344,7408,10964],"class_list":["post-2653450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-capital-gains","tag-congress","tag-housing","tag-midterms","tag-taxes"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/capitol-building-dc.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2653450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2653450"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2653450\/revisions"}],"predecessor-version":[{"id":2653454,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2653450\/revisions\/2653454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2653451"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2653450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2653450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2653450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}