America First Policy Institute
End the Biden Inflation Tax
Originally published by The Hill
President Trump is reportedly considering new capital gains tax reforms: indexing capital gains for inflation and exempting more home sales from the tax entirely.
This is the right move for the economy.
Americans, especially young Americans, are rightfully concerned about housing affordability. The Biden administration decimated the American Dream. Reckless spending fueled out-of-control inflation, costly energy mandates drove up the cost of building new homes, and record illegal immigration put pressure on an already scarce housing supply. Unsurprisingly, median home prices surged by 30 percent, and by 2025, the median first-time homebuyer age reached 40.
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