The Bruce Variant 🇺🇸 VOTE! (@greenLibertarian)

#StephenMoore testified before #Congress on #housing affordability, highlighting research and policy recommendations. He argued for #inflation-indexing homes for #capital gains #tax purposes. This would incentivize older #Americans to SELL their #homes. Millions of empty-nesters want to downsize and retire, but are discouraged from doing so by the prospect of a HUGE TAX BILL. That’s called the lock-in effect of the capital-gains tax. #Investors and #homeowners react quickly to changes in capital-gains tax rates.  REDUCING them significantly has a LARGE UN-locking effect. This is why we expect a very large increase in homes for sale if capital gains taxes were REDUCED by indexing them for #inflation. [video and written transcript of testimony] https://committeetounleashprosperity.com/hotlines/moore-on-housing-affordability/