WASHINGTON -- President Joe Biden is ready to prop
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Posted On: 07/15/2024 7:36:42 PM
WASHINGTON -- President Joe Biden is ready to propose a 5% cap on annual rent increases for tenants of major landlords as he tries to show he's doing something about the high cost of housing, according to a person familiar with the plan.
But the plan would require solid Democratic control of Congress to become law. Additionally, most policymakers have said the best way to limit housing costs would be through more construction and changes to land use regulations.
The person familiar with the plan spoke on the condition of anonymity because the proposal has not yet been formally announced.
https://abcnews.go.com/US/wireStory/biden-cal...-111967281
> > > Hmm > > China Joe At Work ? ? ?
But the plan would require solid Democratic control of Congress to become law. Additionally, most policymakers have said the best way to limit housing costs would be through more construction and changes to land use regulations.
The person familiar with the plan spoke on the condition of anonymity because the proposal has not yet been formally announced.
https://abcnews.go.com/US/wireStory/biden-cal...-111967281
> > > Hmm > > China Joe At Work ? ? ?
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