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Supporting the State and Local Tax Deduction
Congressman Molinaro supports removing the marriage penalty resulting from the limit on the state and local tax (SALT) deduction by doubling the $10,000 cap for married couples filing jointly.
Creating More Options for Affordable Housing
Congressman Molinaro understands there is an affordable housing crisis in this country. That is why he supports The Affordable Housing Credit Improvement Act which would modernize the Low-Income Housing Tax Credit which would bring private sector investment into affordable housing, resulting in a projected nearly 2 million additional homes.
Increasing the Capital Gains Exclusion
Congressman Molinaro supports the More Homes on the Market Act which would double the current capital gains exclusion for homeowners when selling their principal residence and index it to future inflation. Without the fear of a massive tax liability, more long-time homeowners will be incentivized to sell their homes and help alleviate the inventory shortage.