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Seems like it would be much, much more than 76 billion dollars a year.
The estimate is way, way, way too low. This will likely be the most expensive tax credit program in the history of America.
Unmarried couples especially will take advantage of it with one paying and claiming 100% of their income was spent on housing while an unmarried housemate who files seperate pays for everything else.
75% or more of housing costs for those an excess 30% of gross income over the course of a year would be refunded via a tax credit. Even those up to $75,000 would be able to get a credit of 50% of any housing costs above 30% of their income.
This is a California giveaway, California will benefit more than states like North Dakota or Iowa where it's much more unusual for those to pay 30% of their income in rent.
Many unmarried people will pay 100% of their income in rent while they have a live in partner unmarried who pays for every thing else but doesn't claim to be a resident.
In many parts of middle-America people pay a very small percentage of their income for rent on average.
Also, who says that a minimum wage worker, which is an unskilled job requiring no education, is entitled to afford a 1-bedroom all on his own?
Option 1: Rent a studio, like many new college grads do
Option 2: Share a 2-bedroom with another minimum wage worker
Once the minimum wage worker completes his certificate, or whatever he is doing to better his skill set, then he can get a better job and afford his own apartment.
Also, who says that a minimum wage worker, which is an unskilled job requiring no education, is entitled to afford a 1-bedroom all on his own?
Option 1: Rent a studio, like many new college grads do
Option 2: Share a 2-bedroom with another minimum wage worker
Once the minimum wage worker completes his certificate, or whatever he is doing to better his skill set, then he can get a better job and afford his own apartment.
Because historically a minimum wage worker absolutely could afford a 1 bedroom apartment. I am shocked that you believe they shouldn't have it like it's some kind of amazing luxury just to have a roof over your head. Are we all supposed to cram in with relatives and friends and strangers just so fatcats can put more dime in their pockets?
Minimum wage has not been rising as it should over the decades, anyway. This is also because of greed. But you know we bailed out banks and have corporate welfare, tax cuts, loopholes and tax havens for the rich to just protect their money, not have to pay their fair share of taxes and gain more in their sleep than an average working person can see in a lifetime.
And you want to deny these people a modest little 1 bedroom apartment which amounts to about 600 square stinkin' feet to live in? You don't think they deserve that if they're working full time?
And no job is unskilled. Every job takes some kind of skill. If you had absolutely no skills you would not be employable.
Maybe get down off that high horse so you can see more clearly.
Also, who says that a minimum wage worker, which is an unskilled job requiring no education, is entitled to afford a 1-bedroom all on his own?
Option 1: Rent a studio, like many new college grads do
Option 2: Share a 2-bedroom with another minimum wage worker
Once the minimum wage worker completes his certificate, or whatever he is doing to better his skill set, then he can get a better job and afford his own apartment.
Not to mention how many folks I have known over the years who worked in fast food or grocery stores who had college degrees. One woman I knew had a Master's degree and worked in a grocery store. Another drove for Dominoes even though he also had a degree. They couldn't find work in their chosen professions at the time and had to work at SOMETHING to survive. So how many people would you say should cram into one place and how many jobs should they each have before they're worthy of a few hundred square feet of breathing room to live in? Who says they don't deserve it? They work hard, they WORK. They aren't asking for handouts or begging. They DO deserve a modest and affordable place to live.
Seems like it would be much, much more than 76 billion dollars a year.
The estimate is way, way, way too low. This will likely be the most expensive tax credit program in the history of America.
Unmarried couples especially will take advantage of it with one paying and claiming 100% of their income was spent on housing while an unmarried housemate who files seperate pays for everything else.
75% or more of housing costs for those an excess 30% of gross income over the course of a year would be refunded via a tax credit. Even those up to $75,000 would be able to get a credit of 50% of any housing costs above 30% of their income.
This is a California giveaway, California will benefit more than states like North Dakota or Iowa where it's much more unusual for those to pay 30% of their income in rent.
Many unmarried people will pay 100% of their income in rent while they have a live in partner unmarried who pays for every thing else but doesn't claim to be a resident.
In many parts of middle-America people pay a very small percentage of their income for rent on average.
my question is why discriminate, why only for renters...why not give EVERYONE a credit for housing...rents and mortgages....
yep that's the ticket....free housing for everyone, free college for everyone, free daycare for all, free food for all, and free abortions... yeah
socialism is great....until you run out of other peoples money
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