On the recordSeptember 29, 2023
Reserving the right to object. What I am trying to find here, is there a compromise? Is there some level of rich person that maybe the taxpayer could say: Enough is enough; they ought to pay their own way? Is there some level of rich person's mansion that maybe the average, ordinary taxpayer should not have to subsidize their insurance? So we have tried a half a million, which is about half the homes the ordinary working class people in our country have to insure, why don't we try--if we can't do a half a million, let's try mansions of $750,000. You would say, well, how many are there? Twenty-five percent of the national Federal subsidized insurance are homes of $750,000 a year. We are not talking about ordinary people now, we are talking about rich, rich, very rich people getting subsidized insurance from a program that loses billions of dollars and has to be bailed out every year. We have a government with a $1.7 trillion deficit. It goes on year after year. Nobody does anything. Just reauthorize it. Today we can make a compromise. So I offer the Senator a compromise: If $500,000 is too cheap and you want to insure half-a-million-dollar mansions, will you, at least, modify it to exclude mansions of $750,000 or more? I think that is the least we can do. And I would ask unanimous consent to accept the Paul motion at the desk that indicates $750,000 as the limit for the insurance. The PRESIDING OFFICER. The Senator from Louisiana.
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