US homeowners to get major tax break under Trump’s reported new plan: ‘Make America Wealthy Again.’ Could you benefit?

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President Donald Trump is reportedly weighing another major tax break — and this time, longtime homeowners sitting on large gains could emerge as some of the biggest winners.

The idea came up during a Fox Business discussion between National Economic Council Director Kevin Hassett and Larry Kudlow, who held Hassett's job during Trump's first term.

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Kudlow said he had personally discussed two ideas with Trump: indexing capital gains to inflation and offering a bigger capital gains tax exemption on home sales. Trump, according to Kudlow, liked both ideas.

"I spoke to him, he liked the idea of the indexing, he liked the idea of a bigger exemption," Kudlow said (1), adding that "the boss is very interested."