Biden Calls For 5% Cap On Annual Rent Increases
The economy and the cost of living is one of Biden’s primary vulnerabilities in his re-election bid.
The White House plans to reveal new actions aimed at lowering the cost of housing. President Biden is set to call on Congress Tuesday to pass a law that would force landlords to cap annual rent increases at 5% or face losing out on federal tax breaks. If Congress takes up the law, the plan would apply to landlords who…