Randy Neugebauer: “What I would say is that we both have the same intent, affordable housing for as many Americans as possible. That should…”

“What I would say is that we both have the same intent, affordable housing for as many Americans as possible. That should be the intent with this legislation, and I think it does, in terms of the reforms implemented for the government-sponsored enterprises that we are talking about today. The concern that I have is that, in essence, we are going to be taxing the middle class, and those that are on, let's say, lower middle class, which the government-sponsored enterprises, Fannie and Freddie were provided to provide liquidity in the marketplace. We are going to be taxing those mortgages to pass it on to people who, you said, don't have money. So it's a transfer from that middle-class group to some folks that are on the edges of society. My concern with that is that rather than us designing programs to bring them into the mortgage marketplace, so that they can provide for themselves, that this simply will supplement additional government programs and further lock people into receiving government money, rather than receiving a help out. So my concern is that we are going to be taxing those that can really afford to deal with additional taxes.”