Congressman Scott Fitzgerald introduces legislation to eliminate capital gains taxes on primary home sales, aiming to support middle-class families.
Quiver AI Summary
Congressman Fitzgerald introduces new tax legislation: Congressman Scott Fitzgerald (WI-05) has introduced the Middle Class Home Tax Elimination Act, which seeks to eliminate capital gains taxes on the sale of primary residences. The bill aims to modernize the tax code and respond to current housing market conditions.
Objective of the legislation: Fitzgerald stated that the intent of the bill is to provide middle-class families with the ability to retain more income from their home sales, asserting that current capital gains exclusions, established in 1997, are outdated and have not kept up with rising housing prices.
Background on housing tax exclusions: The capital gains home sale exclusion, set at $250,000 for single filers and $500,000 for married couples, has not been adjusted for inflation since its inception, leading to increased tax liabilities for many long-term homeowners amidst rising market values.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Scott Fitzgerald Fundraising
Scott Fitzgerald recently disclosed $197.7K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 471st most from all Q3 reports we have seen this year. 43.3% came from individual donors.
Fitzgerald disclosed $103.3K of spending. This was the 564th most from all Q3 reports we have seen from politicians so far this year.
Fitzgerald disclosed $1.2M of cash on hand at the end of the filing period. This was the 303rd most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Scott Fitzgerald's fundraising on Quiver Quantitative.
Scott Fitzgerald Net Worth
Quiver Quantitative estimates that Scott Fitzgerald is worth $7.0M, as of January 17th, 2026. This is the 136th highest net worth in Congress, per our live estimates.
Fitzgerald has approximately $359.2K invested in publicly traded assets which Quiver is able to track live.
You can track Scott Fitzgerald's net worth on Quiver Quantitative's politician page for Fitzgerald.
Scott Fitzgerald Bill Proposals
Here are some bills which have recently been proposed by Scott Fitzgerald:
- H.R.6570: Merger Agreement Approvals Clarity and Predictability Act
- H.R.6260: Keeping Violent Offenders Off Our Streets Act
- H.R.6048: NDO Fairness Act
- H.R.5877: Combatting Money Laundering in Cyber Crime Act of 2025
- H.R.5262: Bank Competition Modernization Act
- H.R.4658: STUDENT Act
You can track bills proposed by Scott Fitzgerald on Quiver Quantitative's politician page for Fitzgerald.
