Bipartisan support is growing in both the House and Senate to double the capital gains tax exemption for home-sale profits.

Sen. John Cornyn, R-Texas, who faces a potentially tough reelection battle next year, introduced bipartisan legislation Wednesday that would increase the exemptions, which currently stand at $250,000 for individuals and $500,000 for married couples. The caps would increase to $500,000 and $1 million, respectively.

The draft bill is also backed by Sens. Michael Bennet, D-Colo., Adam B. Schiff, D-Calif., Mark Kelly, D-Ariz., John Barrasso, R-Wyo., and Steve Daines, R-Mont.

A similar push was already underway in the House. Ways and Means Committee members Jimmy Panetta, D-Calif., and Mike Kelly, R-Pa., introduced a nearly identical bill in February. That bill curre

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