Sen. Cory Booker (D-NJ) officially entered the Democratic primary for president on Friday, shortly after Sen. Kamala Harris (D-CA) jumped in the ring. Both entrances are a big deal if you care about anti-poverty policy.
Earlier this week, I wrote a piece comparing five anti-poverty plans from a handful of potential 2020 Democratic candidates. The proposals all shared one remarkable feature: they’d put billions of dollars in the hands of poor and working-class Americans.
By far the biggest takeaway for me was that the rental subsidy bills from Harris and Booker — Harris’s Rent Relief Act and Booker’s HOME (Housing, Opportunity, Mobility, and Equity) Act — were especially well targeted at poor people. Indeed, even though they’re technically housing bills, these two plans appear to be the most effective at slashing poverty. The Rent Relief Act and HOME Act do the most to cut poverty per dollar out of all the plans I considered: