Wednesday
Mar252009
Pence: “Welcome To The Next Installment Of The Party Of Yes”
By Kayleigh Harvey - Talk Radio News Service
At a press conference today, leading Republican Party members’ discussed their House Republican Housing Plan proposal.
Congressman Cantor said, “The notion in this country is you work hard, you play by the rules and that you can get a reward. This administration in the housing area doesn't quite jive with that sense of the American spirit. Instead what we have seen are proposals that call upon the 90 some percent of the Americans, who are paying their mortgage, playing by the rules, calling on them to subsidize those who don’t. So the plan we have unveiled today responds to that notion and speaks to all Americans and tries to address the severe problem with excess and home inventories.”
Congressman Cantor added that this was a “central element to addressing the bank failures and capital markets failures.”
The Republican plan says that it can “provide a $5,000 refinancing tax credit to help families cover the costs of a mortgage refinancing, buy down points, or reduce their principle balance (covers refinancing through July 1, 2010).” The plan also states that, “in exchange for a lender investing in keeping a homeowner in their family home by refinancing their mortgage and lowering their monthly payments, if the homeowner agrees to share a portion of future home appreciation with the lender, then the lender will not be taxed on that future profit and the borrower will not incur any tax liability as a result of the refinancing (covers refinancing through July 1, 2010).”
Congressman Pence said, “Welcome to the next installment of the party of yes. Yes to new solutions, yes to alternatives that will resonate with millions of Americans because they are grounded in the timeless personal responsibility.
Congressman Pence added, “Unfortunately our democratic colleagues have only offered failed policies that reward bad behavior and massively expand government programs. The Republicans today unveil a better solution, and when the American people have a chance to look at it I believe most of them will agree.”
At a press conference today, leading Republican Party members’ discussed their House Republican Housing Plan proposal.
Congressman Cantor said, “The notion in this country is you work hard, you play by the rules and that you can get a reward. This administration in the housing area doesn't quite jive with that sense of the American spirit. Instead what we have seen are proposals that call upon the 90 some percent of the Americans, who are paying their mortgage, playing by the rules, calling on them to subsidize those who don’t. So the plan we have unveiled today responds to that notion and speaks to all Americans and tries to address the severe problem with excess and home inventories.”
Congressman Cantor added that this was a “central element to addressing the bank failures and capital markets failures.”
The Republican plan says that it can “provide a $5,000 refinancing tax credit to help families cover the costs of a mortgage refinancing, buy down points, or reduce their principle balance (covers refinancing through July 1, 2010).” The plan also states that, “in exchange for a lender investing in keeping a homeowner in their family home by refinancing their mortgage and lowering their monthly payments, if the homeowner agrees to share a portion of future home appreciation with the lender, then the lender will not be taxed on that future profit and the borrower will not incur any tax liability as a result of the refinancing (covers refinancing through July 1, 2010).”
Congressman Pence said, “Welcome to the next installment of the party of yes. Yes to new solutions, yes to alternatives that will resonate with millions of Americans because they are grounded in the timeless personal responsibility.
Congressman Pence added, “Unfortunately our democratic colleagues have only offered failed policies that reward bad behavior and massively expand government programs. The Republicans today unveil a better solution, and when the American people have a chance to look at it I believe most of them will agree.”
Republicans: Our Energy Proposal Creates “Real Jobs”
“Innovation, conservation and production,” were the key messages coming from the Republican Study Committee and the Western Caucus as Congressional Republicans unveiled their alternative energy proposal today.
Congressman Tom Price (R-Ga.) said, “Republican are wholly committed to finding positive solution to the challenges we face. Like with the stimulus, like with the budget and now in contrast to the Democrats national energy tax we are here to offer our vision.”
The American Energy and Innovation Act, as the proposal will be labeled, will create jobs and reduce debt according to Republicans. The main aims outlined in this bill are to, “encourage innovation” by creating renewable fuel options and environmental jobs. “Promote conservation” by “providing incentives for easing energy demand and creating a cleaner, more sustainable environment” and “increase production” by making use of all available technology and resources.
Congressman Rob Bishop (R-Utah) said there were now “two roads” Americans could chose to tackle energy needs. “The Democrat road is saying it can’t work we are not even going to it, our road is saying we have the ideas now is the time to do it, said Bishop.
Adding that “The Democrats have already given us an option on energy issues that will cost individuals up to $3000...the Republican road we want to go down is one that actually grows our energy supply so that no-one is harmed and in fact we have the chance to reduce the cost of energy.”
Bishop compared the two strategies to the movie ‘Back to the Future’ saying, “Remember those sequels to ‘Back to the Future’ where there were the two worlds? Our world is the one where the McFly family is happy, the Democrat version is the one where Biff runs everything.”
Congressman Jim Jordan (R-Ohio) said the bill would be a “common sense act that is going to use our natural resources and our advanced technology to meet our energy needs and most importantly help our economy grow.”
In closing, Congressman John Fleming (R-La.) added, our vision “creates a vision for jobs, more jobs, not the so called paper mache jobs the green jobs, but real jobs created by industry.”