Posted by 22 January 2019
Senator Kamala Harris is the latest entrant into the 2020 presidential field. The California senator is running on a platform aimed at appealing to the liberal wing of the party, with a platform that calls for bail reform, single-payer health care, and lower-income tax cuts. But she is also championing an issue that may make her stand out in what will surely be a crowded field – rental assistance.
Under Sen. Harris’s plan, renters whose income is less than $100,000 and spend more than 30% of their income on rent and utilities would receive a tax credit. This tax credit would vary based on income, with lower-income individuals receiving a larger credit than those with higher incomes. The credit would also be refundable, meaning that someone who owed no income tax would still receive money from the government. Estimates put the price tag on this program at $76 billion.
According to Sen. Harris and those who support this idea, this is a way to help millions of Americans who struggle with high rent. They say that this will allow people to be more mobile, moving to areas that have jobs but also high rent.
Critics point out that the problem of high rent is often due to the lack of housing in an area. They say that increasing the housing supply by relaxing government restrictions is the best way to help both renters and home buyers. They argue that by subsidizing rent, Harris’s plan will actually increase the cost of rent, with landlords receiving the ultimate benefit.
Do you think the government should subsidize rent in areas with high-cost housing?