Political Quotes

On the recordJuly 22, 2013
I just would like to add to that. So, you know, we talked about regulations, and I know, look, the vast majority of Americans, myself included, are not small business owners. And so the vast majority of Americans can listen to this and say, I understand in theory what's being said, but it's not something I necessarily feel. So let's try to put this in a way that I think a lot of people can relate to. If you're looking at buying a house, now, you have a big decision to make. You're ready to buy a new house. You've got a family you're providing for. You know what your budget is, what you can afford on a mortgage. You know what you can afford for your property taxes. But let's say there's a lot of government uncertainty out there. Let's say, first off, you may not have a job in 6 months because of this economy. You may be saying, Boy, I just don't know what my cash flow is going to be like, and I don't know if it's going to be there. Well, let's relate that to the bigger economy. These companies don't necessarily know what's going to be brought and put before them by Washington, D.C., what it's going to cost them. Let's say your local government was threatening to raise property taxes in a major way. Well, now that comes into play. Let's say there was a threat of losing your home mortgage interest deduction, and so, as you put that into play and you're trying to decide ``Do I buy this house?'' now that's a threat.…
Said by
Adam Kinzinger
Republican · Illinois
Source
govinfo.gov
Jul 22, 2013

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