The Rent Relief Act was a California bill proposed by Kamala Harris in 2018 that would offer tax credits to renters who earn less than $100,000 and spend over 30 percent of their income on rent and utilities. [1]
Kamala Harris stated that the bill "[bolster] the economic security of working families." [2]
The bill was criticized for its proposal that would create rental subsidies, but fail to address the underlying cause of the high housing prices. [3] [4] The Tax Foundation found that the proposed program would benefit landlordss more than renters and lead to market distortion. [5]
- ^ CADEI, EMILY (June 3, 2019). "Californians' rents could go up under Kamala Harris' housing plan". Sacramento Bee. Retrieved 23 July 2024.
- ^ Brinklow, Adam (July 24, 2018). "Senator Kamala Harris pitches tax relief bill for renters". Curbed SF. Retrieved 23 July 2024.
- ^ Matthews, Dylan (2 February 2019). "Cory Booker and Kamala Harris's affordable housing plans, explained". Vox. Retrieved 23 July 2024.
- ^ "Bill Calls for Renter Tax Credit". Housing Finance. July 20, 2018. Retrieved 23 July 2024.
- ^ Muresianu, Alex; Kaeding, Nicole (25 July 2018). "Senator Harris's Rent Relief Tax Credit is a Well-Intentioned Misfire". Tax Foundation. Retrieved 23 July 2024.
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The Rent Relief Act was a California bill proposed by Kamala Harris in 2018 that would offer tax credits to renters who earn less than $100,000 and spend over 30 percent of their income on rent and utilities. [1]
Kamala Harris stated that the bill "[bolster] the economic security of working families." [2]
The bill was criticized for its proposal that would create rental subsidies, but fail to address the underlying cause of the high housing prices. [3] [4] The Tax Foundation found that the proposed program would benefit landlordss more than renters and lead to market distortion. [5]
- ^ CADEI, EMILY (June 3, 2019). "Californians' rents could go up under Kamala Harris' housing plan". Sacramento Bee. Retrieved 23 July 2024.
- ^ Brinklow, Adam (July 24, 2018). "Senator Kamala Harris pitches tax relief bill for renters". Curbed SF. Retrieved 23 July 2024.
- ^ Matthews, Dylan (2 February 2019). "Cory Booker and Kamala Harris's affordable housing plans, explained". Vox. Retrieved 23 July 2024.
- ^ "Bill Calls for Renter Tax Credit". Housing Finance. July 20, 2018. Retrieved 23 July 2024.
- ^ Muresianu, Alex; Kaeding, Nicole (25 July 2018). "Senator Harris's Rent Relief Tax Credit is a Well-Intentioned Misfire". Tax Foundation. Retrieved 23 July 2024.
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| Politics | |||||||||
| Elections |
| ||||||||
| Family |
| ||||||||
| Books | |||||||||
| Public image | |||||||||
|
| This economics-related article is a stub. You can help Wikipedia by expanding it. |
|
| This article about politics is a stub. You can help Wikipedia by expanding it. |
|
| This California-related article is a stub. You can help Wikipedia by expanding it. |