‘Common sense’: Lawmaker introduces bill to eliminate capital gains taxes on home sales

FIRST ON THE DAILY SIGNAL—A Texas congressman has introduced a bill to eliminate all capital gains taxes on primary residence home sales, if the homeowner has lived at the property for at least two years.

Rep. Craig Goldman, R-Texas, introduced the Don’t Tax the American Dream Act, aiming to incentivize older homeowners to sell their homes and downsize; increase the housing supply across the nation; and repeal costly taxes on American homeowners.

Goldman got the idea for the bill from a constituent, he told The Daily Signal.