Luetkemeyer: “This has to stop. ... It is going to be a direct cost to the consumers, and it is going to hurt the small banks…”

The American people, I think you can trust them with their own money. Remember, it is their money by the way.

I think we need to have a plan in place so it doesn't take several months like it did with Russia.

What you are saying is that when you raise taxes, to the extent that the individual or small business cannot even pay it, it will force them out of business.

I have been an advocate for a long, long time of reinsurance to be able to minimize the taxpayers' exposure on flood insurance.