 that the Democrats were going to propose a 5% rate hike increase on rent increases across the United States by corporate-owned rental units. This is what the president said after they knew, they agreed, 5% was going to be the rhetorical spaghetti on the wall. Here's what the president said in Vegas Cut Number 5. The idea that corporate-owned housing is able to raise your rent $300, $400 a month or something,