2024 State of the Union address: on Welfare & Poverty


Joe Biden: $400/month tax credit for new home buyers for next 2 years

I know the cost of housing is so important to you. Inflation keeps coming down, mortgage rates will come down as well, and the Fed acknowledges that, but I'm not waiting. I want to provide an annual tax credit that will give Americans $400 a month for the next two years as mortgage rates come down to put toward their mortgage when they buy their first home or trade up for a little more space. Just for two years.

My administration is also eliminating title insurance on federally-backed mortgages. When you refinance your home you can save you $1,000 or more as a consequence.

For millions of renters, we're cracking down on big landlords who break antitrust laws by price-fixing and driving up rents.

We've cut red tape so builders can get federally financing, which is already helping build a record 1.7 million housing units nationwide. Now pass and build and renovate 2 million affordable homes and bring those rents down.

Source: 2024 State of the Union address Mar 7, 2024

  • The above quotations are from 2024 State of the Union address to Congress, plus the Republican and MAGA response.
  • Click here for definitions & background information on Welfare & Poverty.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Joe Biden on Welfare & Poverty.
  • Click here for more quotes by Katie Britt on Welfare & Poverty.
2024 Presidential contenders on Welfare & Poverty:
  Candidates for President & Vice-President:
V.P.Kamala Harris (D-CA)
Robert F. Kennedy Jr.(I-CA)
Chase Oliver(L-GA)
Dr.Jill Stein(D-MA)
Former Pres.Donald Trump(R-FL)
Sen.J.D.Vance(R-OH)
Gov.Tim Walz(D-MN)
Dr.Cornel West(I-NJ)

2024 presidential primary contenders:
Pres.Joe_Biden(D-DE)
N.D.Gov.Doug Burgum(R)
N.J.Gov.Chris_Christie(R)
Fla.Gov.Ron_DeSantis(R)
S.C.Gov.Nikki_Haley(R)
Ark.Gov.Asa_Hutchinson(R)
Former V.P.Mike Pence(R-IN)
U.S.Rep.Dean_Phillips(D-MN)
Vivek_Ramaswamy(R-OH)
S.C.Sen.Tim_Scott(R)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Nov 02, 2024