Opinion: Every Presidential election spawns some ill-conceived ideas, but even by that standard Cory Booker’s affordable housing latest proposal is a doozy
Every Presidential election spawns some ill-conceived ideas, but even by that standard Cory Booker’s latest is a doozy. “Cory’s Plan To Provide Safe, Affordable Housing For All Americans” would essentially cap rent at 30% of the tenant’s income. Anything more would be paid by Uncle Sam.
The core of Mr. Booker’s proposal is a new refundable tax credit for tenants. “Anyone paying more than 30 percent of their before-tax income would be eligible for the credit,” he writes, “which would cover the difference between 30 percent...
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