Elizabeth Warren’s Ambitious Fix for America’s Housing Crisis
“As rumors swirl about a potential 2020 presidential bid by Warren, the bill—focused on race and class—is imbued with Warren’s trademark theory of capitalism: market competition can work, but only after the government has made sure the market isn’t rigged for one side. Equally true to Warren’s ethos is its raising of the estate tax, which means it has no chance of passing a Republican controlled Congress. However, if Democrats take the House and possibly the Senate in November, the bill could at least be seriously considered. ‘I think in the next Congress it’s very likely that some form of this bill moves ahead,’ said Philip Tegeler, the executive director of the Poverty and Race Research Action Council. ‘I think housing is on the front burner for most Democrats and many Republicans, and it’s not going away.’”