Kevin Hassett and Larry Kudlow said the White House is considering broader tax breaks on primary-home sales, including indexing gains to inflation and expanding the current exclusion.
Current law shields up to $250,000 in profit for single filers and $500,000 for married couples, with gains above that taxed at 0%, 15% or 20%.
Any change would require Congress, and advisers said legislation before the midterms is extremely unlikely given the tight timeline and recent difficulty passing tax measures.
Experts said the biggest benefits would skew to wealthier owners: Yale Budget Lab found only about 10% of homeowners exceeded today’s exclusion in 2022, with average net worth around $5.7 million.
The push builds on earlier Republican and bipartisan proposals that remain stuck in committee, even as the exclusion thresholds have been unchanged since 1997.