Proposed Legislation Would Provide Tax Credits to Those Paying More Than 30% of Income in Rent.
If passed, would it work to lower rents?
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Smaulgld You Tube Live Stream July 21, 2018
Last night’s live stream discussed Kamala Harris proposed legislation the Rent Relief Act, designed to alleviate the burden of high rents on 21 million Americans. Would the Rent Relief Act, if passed, accomplish its goals?
Please have a listen:
Watch the video companion to “The Rent Relief Act”
Join Smaulgld every evening at 8PM on You Tube for a live stream relating to a variety of topics on gold silver cryptocurrencies and the economy.
I joined with @SenKamalaHarris to introduce the Rent Relief Act today. Our bill will put more money in families’ pockets by allowing renters to claim a tax credit for high housing costs, similar to what homeowners already receive.
— Sen Dianne Feinstein (@SenFeinstein) July 20, 2018
Nationally, over 21M Americans spend more than 30% of their paychecks on rent. That’s absurd.
I introduced the #RentReliefAct to help ease the burden. This equals more money in people’s pockets at the end of the year.
— Kamala Harris (@KamalaHarris) July 21, 2018
This means landlords raise rents and renters pay more knowing they get a tax credit=tax payers subsidizing higher rents- bad economics
— Smaulgld (@Smaulgld) July 21, 2018
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