Republican Leaders Unveil Principles for Housing Legislation
Statement
REPUBLICAN LEADERS UNVEIL PRINCIPLES FOR HOUSING LEGISLATION
Rep. John Carter (TX-31) made the following statement today after House Republicans unveiled principles for bipartisan housing legislation:
"Congress must work together to address the housing crisis and possible solutions to tackle the economic concerns of middle-class American families. One thing is certain-raising taxes on the back of an uncertain economy is irresponsible and will only add to the problem.
"These clear, responsible and balanced principles should guide this debate, and I hope Democrats will agree to work together to craft legislation that can become law with bipartisan support."
NOTE: House Conference Secretary John Carter joined other Members of the House Republican leadership team in unveiling the following principles for bipartisan housing legislation:
Support Homeownership. Homeownership is central to the American dream and a key part of our free economy. We need to keep the dream of homeownership within reach of middle-class families.
Jump Start the Housing Market. The best way out of the housing crisis to get Americans purchasing homes again. The housing market needs a jump-start, not a bail-out.
Lower Taxes on Middle-Class Families. Lower taxes on middle-class families will help increase homeownership. We cannot tax our way to a housing recovery, and higher taxes on American families will only add to the middle-class squeeze.
Help Needy Homeowners Who are Truly Victims. We must address the threat to our economy and help needy homeowners who are truly victims without a taxpayer bailout that rewards reckless behavior.
Reform and Transparency. We must bring reform and transparency to the housing market and improve our overall economy, as well as ensure that this situation doesn't become a feeding frenzy of trial lawyers eager to profit from people's misfortune.
Fairness for Responsible Homeowners. As a matter of fairness, we should stand up for Americans who saved and invested responsibly, not reward reckless behavior at the expense of those who did the right thing.
Protection for Taxpayers. We should protect taxpayers from having to bail out speculators and scam artists.
Stake in the Outcome. Anyone receiving government assistance should have to make a financial sacrifice and have a stake in the outcome.
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