2 ms·
What they could do, lower tariffs, subsidize capital investment into production of lumber/housing, aggressively push and fight for higher density residential z
by adam_arthur 4y ago
What they could do,
lower tariffs, subsidize capital investment into production of lumber/housing, aggressively push and fight for higher density residential zoning, limit leverage allowed for investors of buy and hold rental properties, eliminate capital gains tax advantage for income above $1 million/year, enact temporary taxes on non essential consumption items, restart student loans (billions a month in excess spending for consumers). Etc etc
Instead they keep trying to tie BBB to inflation fighting, when its provisions are nothing of the sort.
They handed consumers far too much money, and need to suck it back up in a way that targets discretionary spending (vs essential spending). Too bad they won't...
- PuppyTailWags 4y agoHow much of this would be approved by both parties? [The democrats in the house, the republicans in the senate]
- adam_arthur 4y agoThe Democrats passed the ARP with 0 republican support, and they can do the same now via reconciliation. But they are proposing BBB, not these things. Reconciliation does have limitations in that the matters must be budget related, but seems pretty easy to fit most of these under that umbrella. They can resume student loans at the stroke of a pen