Correction, Please!
Housing Affordability Hurt by Regulatory State; Pols Push for More of the Same
Item: On June 26 and June 27, the Real Deal (an online and print publication that focuses on real estate) summarized where Democratic presidential candidates stand on housing policies. Former Vice President Joe Biden wants, said the Real Deal, “to increase the energy efficiency of low-income housing and increase density in neighborhoods, which could shorten commute times. Vermont Sen. Bernie Sanders wants to heavily invest in green infrastructure like public transit as part of a Green New Deal, a concept many other candidates back.”
California Senator Kamala Harris, said the paper, has proposed the Rent Relief Act, which “would provide a tax credit for renters spending more than 30 percent of their income on rent and utilities, the level considered a financial burden on tenants.” (Harris subsequently offered a more extensive plan.) Massachusetts Senator Elizabeth Warren has said “she will pump $500 billion into building and preserving affordable housing.” That plan will be financed, Warren says, by taxing inherited wealth — to include raising the tax rate of “an estimated 14,000 of the wealthiest families each year.”
Item: The New York Times, in a July 7 editorial, noted that Senator Warren was among those who “have proposed that the federal government should pressure local governments to allow more development” in suburbs.
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