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Prevention Over Punishment: The Value of Eviction Assistance
Emergency rental assistance played a vital role in averting mass evictions, which would have had detrimental effects on individuals' long-term economic success and productivity. The significant financial support in 2021 was instrumental in stabilizing the housing market and mitigating inflation through the protection of families' economic well-being. Additionally, re-evaluating corporate taxation, particularly the reduction of the corporate income tax rate from 35% to 21%, raises concerns about the fairness and efficacy of tax policies in addressing inflation and wealth distribution. Implementing excess profits taxes as suggested by economists could further contribute to a more equitable economic landscape.