Joe Biden Messed Up Key Policy Detail In Las Vegas Speech
HuffPost
The president said he would cap rent increases at $55 for large landlords. He meant to say 5%.
President Joe Biden has been in Las Vegas this week for a whirlwind campaign tour intended to counter his opponent’s messaging at the Republican National Convention in Milwaukee.
To emphasize his commitment to combating the drivers of inflation and economic hardship, Biden on Tuesday unveiled a plan to cap rent increases at 5% for large landlords.
But on Tuesday afternoon, during remarks to the NAACP’s national convention, Biden got one of the basic features of the plan wrong.
“Look, folks, the idea that corporate-owned housing is able to raise your rent three, four hundred bucks a month — well, I’m about to announce, they can’t raise it more than $55,” he said.
Biden paused for a second before saying $55, suggesting he was searching for the right number. (The plan would cap increases at 5%, not a specific dollar amount.)