[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 307.1K followers Created: 2025-07-24 15:00:15 UTC Kevin O’Leary is backing Donald Trump’s proposal to eliminate capital gains tax on primary home sales, calling it a “common sense” way to help families build wealth. In a video posted to X, O’Leary argued that taxing families when they upgrade homes discourages ownership and punishes upward mobility. He emphasized that young families should be able to trade up without losing a third of their gains to taxes. O’Leary added that eliminating the capital gains tax on homes would encourage more people to invest in property and take on mortgages without fear of heavy penalties. Trump floated the idea earlier the same day, saying his administration is considering the tax break as a way to ease pressure from high housing costs. He also noted that if interest rates were lower, the measure might not be necessary. The proposal quickly drew support from lawmakers like Rep. Marjorie Taylor Greene, who said the policy aligns with her own bill and urged Congress to pass it. The announcement comes during a tough time for the housing market, with mortgage rates and home prices at multi-year highs. Economists have warned that sales, construction, and affordability are all under stress. The debate over housing reform is heating up, and this plan is now front and center.  XXXXX engagements  **Related Topics** [homes](/topic/homes) [housing market](/topic/housing-market) [capital gains](/topic/capital-gains) [tax bracket](/topic/tax-bracket) [trumps](/topic/trumps) [Post Link](https://x.com/Benzinga/status/1948397824925700574)
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Benzinga @Benzinga on x 307.1K followers
Created: 2025-07-24 15:00:15 UTC
Kevin O’Leary is backing Donald Trump’s proposal to eliminate capital gains tax on primary home sales, calling it a “common sense” way to help families build wealth.
In a video posted to X, O’Leary argued that taxing families when they upgrade homes discourages ownership and punishes upward mobility.
He emphasized that young families should be able to trade up without losing a third of their gains to taxes. O’Leary added that eliminating the capital gains tax on homes would encourage more people to invest in property and take on mortgages without fear of heavy penalties.
Trump floated the idea earlier the same day, saying his administration is considering the tax break as a way to ease pressure from high housing costs. He also noted that if interest rates were lower, the measure might not be necessary.
The proposal quickly drew support from lawmakers like Rep. Marjorie Taylor Greene, who said the policy aligns with her own bill and urged Congress to pass it. The announcement comes during a tough time for the housing market, with mortgage rates and home prices at multi-year highs.
Economists have warned that sales, construction, and affordability are all under stress. The debate over housing reform is heating up, and this plan is now front and center.
XXXXX engagements
Related Topics homes housing market capital gains tax bracket trumps