Biden Proposed a Rent Cap for Corporate Landlords. What’s Next?
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President Joe Biden made a splash this week by calling on Congress to revoke lucrative tax breaks from corporate landlords that raise the rent by 5 percent or more a year. Pitched as a stopgap measure to provide relief for tenants while more housing is built, Biden’s proposal would temporarily establish national rent control for an estimated 20 million housing units over a two-year period.