On the recordMarch 10, 2011
I rise to support the amendment. I'm opposed to the point of order. I think it is absolutely germane. Not only do we have a bill before us that will eliminate taxpayers' ability to have their homes that are underwater refinanced; this also impacts their taxes. They will continue to have to be taxed on those homes at the same rate. And so here we have before us the Universal Homeowner Tax Relief Act that would impact 30 million Americans nationwide. And I must add that if we can, in this House and in this Congress, give tax breaks to the richest 1 percent of Americans in the way that we have done, certainly we can support these homeowners who are underwater, these homeowners who have been tricked into mortgages that they didn't understand, these homeowners who are the victims of fraud. And I think this is germane.
