Economic Report of the President
Coverage of Economic Report of the President in the Nexus archive.
- Senate Republican pushes crackdown on California-style 'bureaucrat tax' adding $100K to new homes
Sen. Bill Hagerty, R-Tenn., proposes the Freedom to Build Act to reduce 'bureaucrat tax' costs on home construction by incentivizing deregulation. The Economic Report of the President highlights regulations adding $100K to new home costs, urging state-level reforms to boost housing supply.
- Senate Republican pushes crackdown on California-style 'bureaucrat tax' adding $100K to new homes
Sen. Bill Hagerty (R-Tenn.) introduced the Freedom to Build Act to reduce the 'bureaucrat tax'—excessive regulations adding $100K to new home costs—by incentivizing deregulation through federal grants. The Economic Report of the President cited the tax as a barrier to housing supply, while the Senate passed a Trump-backed affordable housing package, though House GOP raised concerns.
- The US is short 10 million houses. A new White House report lays out a blueprint to fix that
The U.S. faces a 10 million housing shortage according to a White House report, which proposes regulatory cuts to boost construction and stabilize prices. The report aims to address economic and political challenges, including President Trump's low approval ratings and rising mortgage costs due to inflation and global conflicts.