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The banking lobby is pushing back against a modest proposal that would ease the squeeze on renters.

Joshua Holland

April 26, 2011

http://www.alternet.org/economy/150756/the_rent%27s_too_damn_high_but_it%27s_a_problem_with_an_easy_solution..._if_only/

A study released this week by researchers at Harvard University found that rents are rising fast, and an increasing number of Americans are forking over half of their gross income or more on rent. It's a big squeeze on struggling households. There is, however, an elegant, simple solution to what is a growing problem. But it's a policy focused on helping individuals, rather than corporate America, and, as you might expect, it has so far languished in Congress under a barrage of lobbying.

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