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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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PrintATR Urges House Financial Services Committee Support for Rep. Garrett Amendments
Today, Americans for Tax Reform (ATR) urges all members of the U.S. House Financial Services Committee to support Rep. Scott Garrett’s Amendments to H.R. 5072, the FHA Reform Act of 2010 that will keep the Federal Housing Administration (FHA) solvent and will prevent another taxpayer funded bailout.
ATR supports the following amendments:
Garrett Amendment #1: The amendment would raise the FHA down payment requirement from 3.5% to 5% and prohibit closing costs from being rolled in as well.
Garrett Amendment #2: The amendment would statutorily require borrowers that have a credit score below 580 to have a 10% down payment (as FHA’s rules currently require) and borrowers that have a credit score between 580 and 620 to have a 5% down payment.
Garrett Amendment #3: The amendment would raise the FHA down payment requirement from 3.5% to 5% whenever FHA’s Capital Reserve Ratio drops below the statutorily required 2%. There is a 6-month delay after enactment of the legislation to provide more time for the housing market to improve.
Garrett Amendment #4: The amendment would prohibit the Up-Front Premium from being financed into the loan amount. This would ensure that the borrower’s LTV will be a true 96.5% as intended by Congress.
Garrett Amendment #5: This amendment would require FHA-approved private lenders retain 5% of the risk of the loans they write by allowing FHA to insure only 95% of each loan
ATR urges all members to support these Amendments to H.R. 5072, the FHA Reform Act of 2010. Contact Brian Johnson at bjohnson@atr.org for more information. Click here for PDF document.
