Tag: Congress
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Looking for Midterm Boosts, Trump Floats Capital Gains Tax Cuts. Should Deed Holders Tune In?
Trump officials are floating tax-break ideas in the lead-up to the midterm elections. One recently mentioned proposal: bigger capital gains exemptions for deed holders who decide to sell their homes. Under current law, the Internal Revenue Code’s Section 121 shields up to $250K of profits for single filers and $500,000 for married couples filing jointly.…
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21st Century ROAD to Housing Act Signing Put on Hold.
Donald Trump just declined to sign the bill as scheduled. Trump said he would not sign the bill until Congress acted on the SAVE America Act. Speaker Mike Johnson says the bill will get Trump’s signature within 10 days. But White House press secretary Karoline Leavitt advertised today’s bill signing just this Tuesday. The abrupt…
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Young Voters Want Congress to Act on Housing Costs Now
According to the National Association of REALTORS®, about half the people who rent or live with family believe both of these statements are true: (a) I’d like to buy a home, but don’t have affordable options in my area. (b) U.S. housing is so expensive that I’ll likely never be able to hold the deed to…
