Florida Should Be Able to Lower Rent, Lease Sales Tax for Businesses Soon

Florida’s Unemployment Compensation Trust Fund balance, drained during the COVID-19 pandemic, is expected to exceed its prepandemic level by March, two months earlier than expected, according to the nonprofit group Florida TaxWatch.

That will allow a decrease in state sales tax businesses must pay on payments made to rent or lease of commercial property. The 4.5% business rent tax will be lowered to 2% in June instead of August, according to the Florida Department of Revenue.

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Meharry Medical College and City of Nashville Agree to Settle Lease Dispute Through 2027

The city of Nashville and Meharry Medical College have reached a lease agreement through 2027 for the buildings on Meharry’s campus that house Nashville General Hospital.

In the agreement, all outstanding issues are resolved, and a new rent structure is established for the buildings Meharry leases to the city’s safety net hospital, Nashville General Hospital, Nashville Mayor John Cooper, announced in a press release.

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Report: 41 Percent of Small Businesses Can’t Pay Rent in November

More than 40% of U.S. small business owners say they couldn’t pay rent on time or in full for the month of November, the highest this year.

The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.

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Affordable Housing a Growing Concern Statewide in Pennsylvania, Low Priority in the Statehouse

Housing costs in Pennsylvania are rising, but the General Assembly has not prioritized the expansion of housing supply as an area of concern. As rents and housing prices rise across the Commonwealth, inaction now could cause pain in the near future.

Housing prices statewide rose by 14% from 2020 to 2021, as The Center Square previously reported, and in central Pennsylvania, apartment rents have increased 40% since 2017. Rents in Philadelphia increased almost 10% in 2021. The Lehigh Valley has had similar pressures, with one-third of households spending at least 30% of their income on rent or mortgages.

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Jasmin Bade Premieres Lyric Video ‘Rent’ with The Tennessee Star

After previously being featured in a Music Spotlight column, Australian singer/songwriter Jasmin Bade released her new single, “Rent,” and its accompanying lyric video today with The Tennessee Star. “Rent” provides a bittersweet twist on the struggle to move on from a past relationship. Bade co-wrote the song with Emily Kroll, who penned the No. 1 hit “Just About Over You” by Priscilla Block, and Brian McKenna, son of Nashville songwriting legend Lori McKenna.

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Roughly 40 Percent of Americans Say They Recently Suffered Financial Difficulties, Study Shows

Soldiers assigned the Ohio National Guard’s HHC 1-148th Infantry Regiment – 37th Infantry Brigade Combat Team and the Ohio Military Reserve, give the thumbs-up for troopers assigned to the Ohio State Highway Patrol, to send more vehicles through the line at a drive through food distribution event at the Toledo Northwestern Ohio Food Bank, May 9, 2020. The food bank teamed up with the Ohio National Guard and the Highway Patrol to conduct the first-ever drive through event at the food bank. More than 700 Ohio National Guard and Ohio Military Reserve members were activated to provide humanitarian missions in support of Operation Steady Resolve COVID-19 relief efforts, continuing The Ohio National Guard’s long history of supporting humanitarian efforts throughout Ohio and the nation. To date, the Ohio National Guard has assisted in the distribution of more than 9.9 million pounds of food and pantry items to Ohioans in need. (Air National Guard photo by Senior Master Sgt. Beth Holliker)

Over 40% of U.S. households said they experienced severe financial hardship during the COVID-19 pandemic, citing difficulties paying bills, credit cards and draining their savings, according to a Harvard University report.

The survey conducted by the Harvard T.H.Chan School of Health, the Robert Wood Johnson Foundation, and the National Public Radio asked roughly 3,600 participants between July and August about problems they faced during the pandemic and how it affected their lives in recent months. Respondents were asked about financial, healthcare, education and personal safety concerns.

Roughly 30% of adults interviewed said they used up all or most of their savings during the pandemic, while 10% reported they had no savings before the pandemic began, according to the report.  About one in five households had difficulties paying credit cards, loans, and other debts as well as utilities.

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‘Squad’ Members Earned Tens of Thousands as Landlords, Even as They Supported Eviction Moratorium

Ayanna Pressley and Rashida Tlaib

Far-left Congresswomen Rashida Tlaib (D-Mich.) and Ayanna Pressley (D-Mass.), who have both been vocal critics of landlords and supportive of the eviction moratorium that prevents them from collecting rent indefinitely, made tens of thousands of dollars themselves collecting rent last year, according to the Washington Free Beacon.

Tlaib disclosed in a recent financial statement that she made between $15,000 and $50,000 from rent out of a property she owns in Detroit, even after she had recently criticized “landlords and bill collectors” and said that Americans needed to be protected from them “in the midst of a pandemic.” Pressley made roughly $15,000 from 2019 to 2020 off a property she owns in Boston. Pressley has denounced landlords for trying to collect rent during the pandemic, claiming it to be “literally a matter of life and death.”

Both congresswomen, along with others in the so-called “squad” and other congressional Democrats, were supportive of extending the eviction moratorium that has forbidden landlords across the nation from collecting rent, ostensibly to provide financial relief to Americans who cannot pay their rent due to losing their jobs to lockdown orders. The Biden Administration extended the eviction moratorium through October, after the original moratorium implemented last September by the Centers for Disease Control (CDC) was set to expire earlier this year.

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Michigan’s Tlaib Rakes in Rental Income While Pushing Eviction Moratorium

Congresswoman and “Squad” member Rashida Tlaib, D-MI, is under fire for pushing to cancel rent during the COVID-19 pandemic while at the same time raking in up to $50,000 in rental income. Fox reported Tlaib’s 2020 financial disclosure.

Tlaib has built her brand as a fighter for the people, advocating for eviction moratoriums, saying landlords “prey on single moms” and insinuating landlords unfairly take money from vulnerable people. 

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Nearly 20 Percent of American Renters Are Behind on Payments, Analysis Shows

About 18% of renters, or roughly 10 million people, in the U.S. are behind on their monthly payments as of early January, according to an Urban Institute analysis.

Researchers Jim Parrott, a fellow at the Urban Institute, and Mark Zandi, the chief economist of Moody’s Analytics, calculated that 18% of U.S. renters were behind on payments and warned that if lawmakers didn’t act fast, there could be a major eviction crisis. The average delinquent renter is four months behind on payments and owes $5,600, the researchers estimated using Bureau of Labor Statistics figures.

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Minnesota’s State and National Dems Want to Cancel Rent and Mortgage Payments

  An executive order from Gov. Tim Walz bans evictions, foreclosures, and lease terminations for the duration of the state’s peacetime emergency, but one Democratic lawmaker wants to take things a step further. State Sen. Jeff Hayden (DFL-Minneapolis) recently called for a “rent and mortgage moratorium” in Minnesota, an idea championed by Rep. Ilhan Omar (D-MN-05) in the U.S. Congress. “Every Minnesotan deserves to have a safe, reliable place to call home. Right now, communities across the state are facing loss of income and increasingly exacerbated economic hardships during this public health emergency, while their rent and mortgage obligations continue to pile up,” he said in a statement. Without the “suspension of these payments,” the state will continue to see “devastating consequences both during this public-health emergency and after,” according to Hayden. “Our priority should be to provide the immediate relief Minnesotans so greatly need in a timely manner, and that includes a moratorium on rent and mortgage payments,” he concluded. The Minnesota House is currently considering a bill that would appropriate $100 million from the general fund for housing assistance grants. Under that bill, Minnesotans who are unable to pay their rent or mortgage because of a public-health emergency…

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