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Topic | Trump seeks cuts to Federal housing aid except the program that benefits him |
s0nicfan 06/21/17 2:03:45 PM #12: | I'm going to try my best to spin this as an exercise. From the WaPo article we learn: -Trump maintains rent subsidized apartments for housing low income tenants, which he doesn't have to do. -except for the end of the article where they say they don't actually know how much stake he still has in these locations -any stake he may have was placed into a trust when he became president, meaning he isn't seeing the money directly -The subsidies from the govt make up for the lack of rent being charged, balancing out the total rent that would otherwise be charged (tenants pay 30%, the govt covers the rest) therefore not increasing the amount of money one would make from renting those apartments -nevertheless the WaPo article claims those subsidies as profits and not subsidies -the money subsidized from this program represents about 1% of Trump's housing profits, anyway, meaning the impact is almost negligible even if it were profit. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz ... Copied to Clipboard! |
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