Trump floats eliminating federal capital gains tax on home sales
Trump floats eliminating federal capital gains tax on home sales
President Trump said he’s “thinking about” eliminating capital gains tax on home sales. Here’s what that would mean for the housing market.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article's central claim that Trump is considering eliminating capital gains tax on home sales is plausible given his past proposals, but lacks definitive confirmation in the provided sources. The article exhibits a moderate bias by focusing on the potential impact without providing a balanced perspective on the feasibility or economic consequences. The sources discuss Trump's broader tax ideas, but don't directly confirm the specific claim about capital gains on home sales.
Detailed Analysis:
- Claim: President Trump said he's 'thinking about' eliminating capital gains tax on home sales.
- Verification Source #3: Source 3 mentions Trump floating the idea of replacing federal revenue from income taxes with tariffs, which is a related but different concept.
- Verification Source #5: Source 5 mentions Trump floating the idea of eliminating U.S. income tax and replacing it with tariffs.
- Assessment: Unverified. While sources confirm Trump has considered significant tax changes, none directly confirm he specifically mentioned eliminating capital gains tax on home sales. The claim is plausible given his broader tax ideas, but lacks direct verification.
Supporting Evidence/Contradictions:
- Source 3: Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All - The ...
- Source 5: Trump floats eliminating U.S. income tax and replacing it with tariffs ...