Yes, give the renters a tax break

Rents in California have skyrocketed over the past decade, thanks to the innumerable restrictions, taxes, and fees that the state imposes on new housing development. Now Sen. Kamala Harris (D-Calif.) wants the rest of the country to pay to fix this problem.On Thursday, Harris, along with Sens. Richard Blumenthal (D-Conn.), Maggie Hasan (D–N.H.), and Diane Feinstein (D-Calif.), introduced the Rent Relief Act, which would provide refundable tax credits for tenants who spend more than 30 percent of their income on rent.

Repubs like debt, let us add some.  In fact, Repubs ought to take this bill and run with it.  Reason Magazine does not like all tax cuts, but this one is OK.

The better outcome is to raise taxes and cut spending, that leads to a smooth exit.  However, we have too much debt, no one wants to pay for it, suggest we go down the tax cutting ath until we are forced to resolve the imbalances.