Source: Fox News
Summary
Senator Bill Hagerty (R-Tenn) introduced the Freedom to Build Act, aiming to reduce the cost of building new homes by streamlining regulations. The bill would create a designation that allows communities to opt-in and receive federal grants to offset construction costs. Hagerty claims that excessive regulations add nearly $100,000 to the cost of a new home, making homeownership unaffordable for many Americans. The legislation follows the Economic Report of the President, which highlighted the “bureaucrat tax” as a barrier to building and homeownership.
Our Reading
As expected, the matter has reached another stage.
Senator Hagerty introduces a bill to tackle the “bureaucrat tax” on new homes. The Economic Report of the President previously highlighted this issue. The bill would allow communities to opt-in for federal grants to offset construction costs. The goal is to make homeownership more affordable. The Senate passed a bipartisan affordable housing package last month, which is now stalled in the House.
The performance of concern for affordable housing continues, with each side presenting their solution as the most effective. The familiar question of regulation versus deregulation takes center stage. The observation that the “bureaucrat tax” has been a known issue for years, yet only now is being addressed, highlights the ritualistic nature of these political performances.
Author: Evan Null
