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REPUBLICAN LEADERS UNVEIL PRINCIPLES FOR HOUSING LEGISLATION
04/08/08Washington, Apr 8, 2008 -
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.