(NewsNation) — President Donald Trump says he's open to scrapping the capital gains tax on home sales — a move that would save some sellers a significant amount of money when they cash out.

"We are thinking about no tax on capital gains on houses," Trump told reporters in the Oval Office last month.

Right now, when you sell a home, the profit could be subject to federal capital gains tax — just like other investments — though there are major exemptions for people selling their main home.

Trump's comments came after Rep. Marjorie Taylor Greene, a Georgia Republican, introduced legislation aimed at eliminating the capital gains tax on the sale of primary homes.

"Families who work hard, build equity, and sell their homes should not be punished with massive tax bills," Greene said in a rel

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