Former Reagan economic adviser Art Laffer reacts to Zohran Mamdani’s rent-control policies and what could happen if other major U.S. cities follow suit on ‘Varney & Co.’ 00:03 – Why Rent Control and Rent Freezes Don’t Work 01:06 – New York vs. Tennessee on Economic Policy 01:39 – Ending the “Inflation Tax” on Capital Gains 02:27 – Inflation, Wages, and the Affordability Debate 02:56 – Why Republicans Struggle to Sell Their Economic Message
Mayor Zohran Mamdani’s pledge to freeze rents for rent-stabilized apartments became a centerpiece of his campaign. Six months into his first year, a city panel delivered.
A freeze for rent-stabilized homes is expected when a city panel votes on Mayor Zohran Mamdani’s plan on Thursday, but the move is likely to face legal challenges.
Mayor Zohran Mamdani has promised relief for rent-stabilized tenants. But thousands of apartments under a separate city program are subject to increases, creating an awkward contrast.
Mayor Zohran Mamdani appointed six members to the Rent Guidelines Board, which decides whether rents can go up in nearly one million rent-stabilized apartments.
