Trump May Eye Cuts to Capital Gains Tax for Home Sellers, Official Says

President Donald Trump may be interested in a change to the capital gains tax for home sellers, a senior administration official has suggested.National Economic Council Director Kevin Hassett told "Fox Business" on Wednesday afternoon the president is considering the issue. Changing the capital gains tax scheme has found support in Congress and from some housing advocates.Hassett made the remarks after "Fox Business" host Larry Kudlow cited polling data from McLaughlin & Associates last month that showed 62% of voters approved of indexing the capital gains for inflation.Trump "understands that you don't run on the rear-view mirror," Hassett said. "You run on what you're going to do."Kudlow, who led the National Economic Council under the first Trump administration, said he's supported the idea for "50 years." "I spoke to him, he liked the idea of the indexing, he liked the idea of a bigger exemption," Kudlow said. "These are not necessarily rich people. These are empty nesters who owned a house for 30 or 40 years."Hassett has gone public with a few other ideas, including, in January, that the administration was considering allowing Americans to pull from 401(k) accounts for a d...