WASHINGTON, Dec. 3 -- Sen. Adam Schiff issued the following press release:
U.S. Senator Adam Schiff (D-Calif.) joined Senators John Cornyn (R-Texas), Michael Bennet (D-Colo.), Steve Daines (R-Mont.), John Barrasso (R-Wyo.), and Mark Kelly (D-Ariz.) today to introduce the More Homes on the Market Act, which would make housing more available and affordable by amending the tax code to allow sellers to exclude additional funds from capital gains taxes, incentivizing homeowners to sell their homes and increasing market supply:
"California is facing a significant housing shortage and in order to address this crisis we need to use every tool at our disposal to increase housing availability. This legislation is one such solution, easing the fina...