Biden proposes USD10,000 tax break for new home buyers, urges cheaper rents, criticizes Trump in Nevada
Biden proposes USD10,000 tax break for new home buyers, urges cheaper rents, criticizes Trump in Nevada
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President Joe Biden put forward plans to reduce housing expenses during visits across Nevada on Tuesday, addressing high rents and criticizing the policies of Republican rival Donald Trump while using Trump's famous slogan.

Biden stressed the importance of affordable housing in Las Vegas, stating, "Many people find the idea of owning a home too expensive."

Employing Trump's well-known phrase "make America great again," Biden proposed a minimum tax for billionaires, stating, "We could invest in various things to truly make America great again, such as childcare."

Later, Biden headed to Arizona, another crucial state for the upcoming presidential election. He emphasized, "This election isn't solely about me; it's a choice between me and Trump."

Biden, who is facing a tough competition against Trump, leading by just 1 percentage point in the latest Reuters/Ipsos poll among registered voters, has been campaigning in several battleground states since criticizing Trump's policies sharply in his recent State of the Union speech, outlining his plans for a potential second term.

With concerns over high rents and mortgage rates affecting voters' perceptions of the economy, White House officials blamed Trump's administration for not taking sufficient action on housing costs.

Trump, on the other hand, has criticized Biden's economic strategies and blamed him for inflation, which has affected voters nationwide, although the annual increase in inflation was the lowest in three years. Trump has proposed creating new "freedom cities" on federal land to offer more housing options.

Rachel Lee, a spokesperson for the Republican National Committee, stated, "The main obstacles to home ownership are high interest rates and rising living costs, both caused by Joe Biden's failed economic policies."

Biden's housing proposal, which would require approval from Congress, could face challenges in an election year. It includes a $10,000 tax credit for first-time homebuyers and a $10,000 tax credit for those selling "starter" homes to increase housing availability in the lower market segment.

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