Elasticities and incidence

President Trump’s budget proposes a significant rethink of federal rental assistance programs, consolidating a number of them — and cutting them by more than $26 billion — next fiscal year. Many experts previously told The New York Times that this could result in low-income Americans losing access to federal housing benefits.

Here is more from the NYT.  If you are a YIMBY type, odds are you should favor this, since some of the subsidy gain likely would end up captured by landlords.

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