Biden rent control plan blasted by experts, trade groups

President Biden has introduced a proposal that would impose rent control measures on nearly half the U.S. rental market, sparking alarm from some experts and industry trade groups.

The Biden administration on Thursday called on Congress to pass legislation requiring landlords with more than 50 units to cap rent increases at 5% or lose federal tax breaks as part of the White House's efforts to lower sky-high housing costs. 

The administration is selling the rent control plan as an "anti-gouging" policy...