Frank Brown Hines, III (also known as Brownie to some)
July 23, 2025Friday, July 25th
July 24, 2025News
News
July 24, 2025
A Political Nuke Just Went Off in the White House Briefing RoomGabbard has made public hundreds of pages of files that provide evidence Obama and his top intelligence officers knowingly spread false information about Donald Trump in order to sabotage him. This evidence is groundbreaking because previously we had only known about Obama’s top intelligence official’s dirty deeds. This included Obama’s CIA Director John Brennan, his Director of National Intelligence James Clapper, and FBI Director James Comey, but this week we learned that the order to spread this false narrative came straight from the top. Obama has been described as the “ring-leader” of the entire Russia hoax. Ending the Capital Gains Tax on Home Sales—What to KnowPresident Donald Trump is considering supporting a bill to eliminate the capital gains tax on home sales. Earlier this month, Rep. Marjorie Taylor Greene (R-Ga.) introduced the No Tax on Home Sales Act—H.R. 4327.
The bill would adopt similar housing policies to those in Canada and Switzerland, aiming to increase housing supply.
Under Greene’s legislative initiative, any profit, no matter how large, would be tax-free if the home was a primary residence.
“The capital gains tax on home sales is an outdated, unfair burden—especially in today’s housing market, where values have skyrocketed. My bill fixes that,” she said.
How It Would WorkThe federal government maintains long- and short-term capital gains tax rates, depending on the owners’ income levels. Exemptions are allowed, with sellers permitted to exclude home sale profits of up to $250,000 for individual tax filers and up to $500,000 for joint filers.
If a married couple purchased a four-bedroom home for $400,000 in the 1990s and sold it for $1.2 million in 2025, their capital gain would be $800,000. Under current law, they could exclude up to $500,000, leaving $300,000 subject to tax.
At a 20 percent capital gains rate, they would owe $60,000. The proposed legislation would eliminate this tax burden—saving them the full $60,000.
These exemption limits, meanwhile, have not been updated in nearly 30 years, and industry figures suggest millions of homeowners have already reached this threshold.
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Harvard Funding Hearing |
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Lawyers for Harvard University and the Trump administration appeared in federal court yesterday over whether Harvard can recoup roughly $2.6B in research grants. The administration cut the grants in April after accusing Harvard of antisemitism; a letter last month from the Education Department found Harvard guilty of violating Jewish students’ civil rights (read here). Harvard says the cuts were retaliatory after the Ivy League rejected demands by a federal task force to end all diversity, equity, and inclusion programs and rework its faculty hiring and admissions process, among other changes. Harvard is the world’s largest academic research institute with a $53.2B endowment, and is responsible for more scientific output than any other university. Since the Trump administration began cutting funding, the university has paused hundreds of research projects, including on tuberculosis, ALS, and chemotherapy. The federal judge yesterday appeared poised to rule in Harvard’s favor. If so, President Donald Trump has pledged to appeal. |
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