Kamala Harris Bill Asks Federal Taxpayers to Subsidize California's High Housing Costs

Carbonatix Pre-Player Loader

Audio By Carbonatix

Rents in California have skyrocketed over the past decade, thanks to the liberal policies and regulations in the state. But, as Reason reports, left-wing Democrat Sen. Kamala Harris wants the rest of the country to pay to fix the problem.

On Thursday, Harris, along with Democratic Sens. Richard Blumenthal, Maggie Hasan, and Diane Feinstein, introduced the Rent Relief Act, which would provide refundable tax credits for tenants who spend more than 30 percent of their income on rent.

Currently, 58 percent of California renters pay more than a third of their income in rent.

Harris’ plan would have, you guessed it, wealthier Americans all across the country pay to subsidize California renter’s costs.

Corrie O'Connor

 

Trending Videos

Salem News Channel Today

Sponsored Links

On Air & Up Next

  • Bloomberg Businessweek
    6:00AM - 7:00AM
     
    Get the latest news from the world of business and finance and the interesting   >>
     
  • Best Stocks Now
    7:00AM - 8:00AM
     
    Bill Gunderson provides listeners with financial guidance that is both   >>
     
  • Bloomberg Businessweek
    8:00AM - 10:00AM
     
    Get the latest news from the world of business and finance and the interesting   >>
     
  • Money Pulse
    10:00AM - 10:30AM
     
    Host Craig Roberts talks to innovative startups and enduring businesses here in the Bay Area.
     
  • Business By The Bay
    10:30AM - 11:00AM
     
    San Francisco Bay Area has given the world some of the greatest business   >>
     

See the Full Program Guide