The gentleman, first of all, misstates the actual language of the underlying bill when he says that the housing fund is a tax on profits of the GSEs. It is not a tax simply on the profits of the GSEs. It is a tax of the overall activity.
Scott Garrett: “The gentleman, first of all, misstates the actual language of the underlying bill when he says that the housing fund is…”
On the recordMay 17, 2007
Source
govinfo.govEditor's note · Context
Addressing misconceptions about the housing fund and its taxation in a bill.
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