Jeb Hensarling: “I thank the gentleman for yielding. Transportation ought to be funded out of transportation fees. It shouldn't be funded…”

“I thank the gentleman for yielding. Transportation ought to be funded out of transportation fees. It shouldn't be funded out of the functional equivalent of a bank account tax. It should not be funded on the backs of home buyers, or particularly those taxpayers who are forced to backstop Fannie and Freddie. If we are ever going to have a sustainable housing finance system in America, these guarantee fees cannot be diverted. I want to thank the gentleman from Texas and the gentleman from Michigan. No, they didn't come up with the perfect solution, but it is far superior than this bank account tax and this home-buyer tax. It makes no sense whatsoever. So I urge the entire House to adopt the Neugebauer amendment and get rid of this terrible idea from the Senate.”