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Rep. Malliotakis Pushes Capital Gains Relief for Seniors

bloomberg.com · 4h · first reportShare

Republican Rep. Nicole Malliotakis of New York discusses her legislation aimed at raising the capital gains tax exclusion for seniors selling longtime homes, arguing it could make it easier for them to downsize and free up housing inventory. Rep. Malliotakis, who serves on the House Ways and Means Committee, also weighs in on the federal debt nearing $40 trillion and pushes back on concerns about the deficit impact of the Republican reconciliation package, arguing economic growth can help generate additional revenue. She speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)