Sen. Kamala Harris has the perfect solution to her party driving up the cost of living in California so high that folks struggle to pay their rent: federal subsidies.
To be clear, the Democratic lawmaker did not switch parties to the Rent is Too Damn High party, but she did propose legislation that would “give money back” to families that pay more than 30 percent of their income on rent and utilities.
Drumming up a crisis that she alone has the answer for, Harris is looking to buy votes at taxpayer expense with The Rent Relief Act, which will create a refundable tax credit for those who meet the criteria, which reportedly included income limits and the amount of rent that could be claimed.
An important aspect of the attempt to pander to low-income voters is that the senator, who may be test-running a central plank for a potential 2020 presidential run, wants to know, “What would you do with that extra money in your pocket?”
Under the Rent Relief Act, anyone who spends more than 30% of their income on rent would be eligible for a federal tax credit. What would you do with that extra money in your pocket?
— Kamala Harris (@KamalaHarris) July 28, 2018
Of course this Democratic generosity will cost taxpayers billions of dollars, and we already spend $22 billion on Section 8 housing vouchers, according to the National Council of State Housing Agencies.
Social media users were only too happy to give Harris a rudimentary education in basic economics.
I don’t think you understand how taxes work. See you are wanting to take more money from the pockets of all Americans to give their money to a few in your state making it harder for everyone else to pay their rent. How about you take less of everyone’s money. #KeepWhatYouEarn
— Chris Manning (@Manning4USCong) July 28, 2018
Incentivizing people to spend more than they can afford on rent with promises that the government will make it up with a tax credit is a terrible idea.
— John Hawkins (@johnhawkinsrwn) July 29, 2018
So it would be totally fine for landlords to then raise rents even higher than they are now, knowing the govt will pay for it? Haha, do you understand even the most basic math or economic principles? Supply and demand? Free market? Oh yah you don’t like the free market, forgot.
— Chris A (@ucsbgaucho00) July 28, 2018
Learn what they do to give this credit Kamala. YOU want to take all the money you can and distribute other’s earned wealth. Why don’t you encourage people to work and better their personal situations? You want to take, take it out of your account-stay out of ours.
— Shelly Moore (@ShellyMooreBB13) July 29, 2018
And while the entitlement class would rather see rent control, social media users were also happy to respond to her inquiry into what people are going to do with that “extra money” in their pockets:
— kerry (@K1erry) July 29, 2018
As a landlord, I know this policy would increase demand and therefore increase rents, increasing my cash flow, but not really helping renters.
I would probably use the money to buy another rental property. https://t.co/ImxGy0CK6Z
— PoliMath (@politicalmath) July 29, 2018
I’ll split it with my landlord. We decided he’ll jack my rent WAY up, you’ll send me some money you steal from taxpayers, then he and I will split the loot.
— ❌John Johnson – American Patriot (@Onelifetogive) July 31, 2018
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