Job Creators Network Pans Biden’s Plans for National Rent Control

Elaine Parker, president of Job Creators Network Foundation, released the following statement on President Biden’s plans for national rent control:

“Just when you thought Biden’s economic policies couldn’t get any more destructive, he announces plans for nationwide rent control. You don’t need to be an economist to understand that rent control exacerbates the problem it’s trying to solve by disincentivizing building and reducing housing supply and quality.”

“The plan is also another example of the Biden administration’s extreme executive overreach, placing another federal mandate on small businesses in the housing sector that are already facing high interest rate, insurance, and other costs. The affordable housing solution is simple: build, baby, build. Unfortunately, overregulation makes it very costly – if not impossible – to achieve this goal.”