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From Wikipedia, the free encyclopedia
The Rent Relief Act was a U.S. federal bill proposed by Kamala Harris in 2018 that would offer tax credits to renters who earn less than $100,000 and spend over 30 percent of their income on rent and utilities. [1]
Kamala Harris stated that the bill "[bolster] the economic security of working families."[2]
The bill was criticized for its proposal that would create rental subsidies, but fail to address the underlying cause of the high housing prices.[3][4] The Tax Foundation found that the proposed program would benefit landlords more than renters and lead to market distortion.[5]
Experts have stated that in housing supply-constrained states like California, this proposal would increase rents as landlords would increase their prices to absorb the additional money tenants would now have available for rent payments.[1]
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