The countdown to the 2024 U.S. presidential election has begun, and the Harris/Walz and Trump/Vance campaigns offer contrasting solutions to the housing crisis and the broader economic landscape – issues that touch all Americans.While one focuses on tax cuts and deregulation to boost growth, the other emphasizes increased taxation and regulation to address systemic issues.Trump and Harris come from two completely different approaches when it comes to taxation. The Trump ticket emphasizes tax cuts as a means to stimulate economic growth and investment. Building on the “Tax Cuts and Jobs Act” of 2017, which reduced corporate taxes during his administration, the proposal seeks to lower the corporate tax rate from 21% to 15% and permanently extend capital expenditure depreciation rules.On the other hand, the Harris ticket supports increased taxation, including a tax on unrealized gains for Americans with more than $100 million in assets, which some argue could negatively impact housing investments and homeownership. Their plan to address the housing crisis includes building three million new housing units, offering tax incentives and down payment assistance for first-time homebuyers, as well as establishing a $40 billion fund to promote affordable housing.The Harris regulatory agenda also includes the “Stop Predatory Investing Act” to limit large-scale acquisitions of single-family rental homes by institutional investors.Trump’s stance on deregulation is clear, especially in the housing sector. He advocates for reducing regulations for homebuilders and generally supports allowing the private sector to operate with minimal governmen …
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