Politics

Marjorie Taylor Greene Pushes Bill to End Tax on Home Sales

By Jake Beardslee · July 12, 2025

Representative Marjorie Taylor Greene (R-GA) has introduced a new bill aiming to eliminate federal capital gains taxes on the sale of primary residences, framing the move as a defense of the American dream.

“No more taxing the American dream,” Greene posted on X, formerly known as Twitter. “Families who work hard, build equity, and sell their homes shouldn’t be punished with a massive tax bill.”

Dubbed the No Tax on Home Sales Act, the proposed legislation would remove the federal capital gains tax for homeowners selling their main residences. According to Greene, the bill would ease affordability concerns and promote housing market mobility. The measure would not extend to property flippers or real estate investors.

Currently, homeowners can exclude up to $250,000 in gains, or $500,000 for married couples filing jointly, from federal taxation when selling a primary residence, provided certain criteria are met. However, those thresholds have not changed since 1997. As home values have surged, especially following the pandemic-era housing boom, many middle-income households now face unexpected tax burdens that were originally designed to apply only to wealthier sellers.

Greene argues that these outdated exemptions have become an “unfair burden” on homeowners. In a press release, she said the bill would help “homeowners unlock their equity,” restore “fairness to the tax code,” and support long-term financial security by eliminating IRS penalties that discourage longtime homeowners from selling.

“Homeowners who have lived in their homes for decades, especially seniors in places where values have surged, shouldn’t be forced to stay put because of an IRS penalty,” Greene said. “My bill unlocks that equity, helps fix the housing shortage, and supports long-term financial security for American families.”

Although the U.S. housing inventory is improving, up nearly 29 percent in June compared to a year ago according to Realtor.com, affordable homes remain scarce, especially in the Northeast and Midwest. Meanwhile, prices continue to rise. Redfin reported a record median sale price of $399,633 in early July.

Greene’s proposal has yet to gain co-sponsors or begin its journey through congressional committees.