You can’t screw with supply and demand and not mess something up.
If you can’t afford city housing, don’t live there. When enough people don’t live there, housing becomes cheaper. If you’re some kind of idiot that just HAS to live in a city, then pay that sucker tax of high-priced housing.
“Decreases in HUD fair market rental rates and HUD payouts would pretty much pay for the corporate tax reductions.”
It takes a communist to think tax breaks must be “paid for”. Sorry, it is not your money in the first place, so stop acting like it.
Oh, boy, another lame “proposal” for big government to fix everything!
So it’s just too bad for the property owners whose values are reduced by this tax manipulation, and oh happy day for the ones elsewhere who benefit. Fair and constitutional thing is to have the same tax rates for all, not play winners and losers with the tax code and real estate values — too much of that already.
You could call it The Federal Tax Accountants Full Employment Act of 2019.
“ To keep corporations from dashing out of Silicon Valley and New York City,
Why should normal people and companies subsidize profligate CA & NY idiocy??
Democrat politicians in California and New York are already doing a fine job of driving out business creators. Look at the population figures for CA and NY.
Why? Why is there a need for federal tax intervention with regard to housing costs in various areas?
High housing costs are a problem in some areas of the country. But is it really the business of the federal government, through the tax code, to try to alleviate such problems?
Why in the F would you even want to do this?
Somebody got way too much time on their hands
Two monkeys, six and a half minutes.
Sorry, we need a lot less government, a lot less government regulation, and a lot less government taxation. My counter-proposal for helping the economy and saving the country is to just fire 75% of all federal employees.
This in definitely taking the story on a tangent, but:
The only reason housing might not cost much in Albany Georgia is because of the neighbors, and their tendency to destroy everything around them. No corporation in their right mind moves to Albany Georgia. Once they look at the schools, the outrageous cost of medical facilities, the crime rate, and the likely pool of employees, housing doesn’t even figure into the equation. Cooper Tire pulled out partly because of the quality of their employees at that plant compared to their other facilities. P&G routinely talks about how Phoebe Putney’s (the local hospital conglomerate that eats up all the competition through bribes to state officials) costs are higher than any other market where they have a plant.
Houses and apartments are quite a bit higher in Lee County, but I expect that to change as the residents of Dougherty County march north.
Why should we subsidize housing in CA NY? Why should the taxpayer try to keep a company from moving from same? Nope, nope.
Vaguely reminds me of an old Tennessee Ernie Ford song: “I Owe My Soul to the Company Store”.
Yes, I am THAT old! Lol
...Or we could cut all current tax rates by (or to) 10% and starve fedzilla.