Federal tax credit is needed for renters | Letter to the editor

To the editor:

I appreciated the letter from Sharon Gilpin “Housing crisis calls out for different solutions.”

She commented that “We need affordable housing ALL over the county” — indeed, we need affordable housing all over our country!

According to Harvard researchers, U.S. rents have risen by 61 percent since 1960, but renters’ median earnings have gone up 5 percent.

Under the Tax Cuts and Jobs Act of 2017, $200 billion in tax cuts goes to the top 20 percent of households. Yet Trump’s FY2020 tax proposal is to cut $1 trillion from education, affordable housing, nutrition assistance and the needs of working families over a 10-year period.

There are several similar renters’ tax credit proposals in Congress to help alleviate America’s housing crisis. The tax credit would serve as a cap on the amount of rent and utilities a low-income household would pay (around 30 percent of their income). And it would provide a tax credit for the balance above that up to local fair market value.

A renters’ tax credit is a strong step in the right direction.

DONNA MUNRO

Bremerton

More in Letters to the Editor

Letter to the editor

We can reduce fires

Letters to the editor

PSE needs to clean up forests to limit wildfires

Letters to the editor

In response Clean energy An Aug. 21 Bainbridge Review opinion piece makes… Continue reading

Letter to the editor

Help support local businesses through SOS campaign

Letter to the editor

Whites not looked at first by the color of their skin

Outrage is appropriate

Sending the military to teargas peaceful protestors exercising their constitutional rights for… Continue reading

Ethical meatpacking is essential

This letter is responding to “Rise above it all: Bainbridge slowly learning… Continue reading

Remembering Joyce Veterane

Joyce Veterane, a long time fixture in the Bainbridge Island community, passed… Continue reading

People of color don’t want resolutions from city council

In response to the June 9 city council meeting regarding the Race… Continue reading

With thousands dead, Trump thinks only of himself

How did we ever end up with someone as unsuited to be… Continue reading

Listen seriously to those who wish harm

I’m writing with regards to the person who said the only good… Continue reading