Could Congress cut taxes on capital gains on houses before the midterms?

Could Congress cut taxes on capital gains on houses before the midterm elections?

Published September 2, 2026 5:00am ET Updated September 2, 2026 11:01am ET

Prospects look dim for legislation to cut the capital gains tax on home sales before the midterm elections, despite some conservatives advising that it would provide relief to families and give Republicans a political boost.

President Donald Trump has reportedly weighed calling on Congress to cut capital gains taxes ahead of the elections, but with few legislative days left, it appears that the window of opportunity is closing.