When you bring in the concept of affordability, you are basically subsidizing the risk, and you are incentivizing people to build where, truthfully, unless they can afford to do it, they probably should not be building.
Warning against subsidizing risk through affordability measures in flood insurance.
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The general feeling of Senate Finance is the TCJA — we need to make that permanent.
We have to reduce the deficit. And so, we need to focus on spending, spending, spending.
The amount that they’re looking to reduce spending is about 1.3%. It’s a rounding error. It’s completely inadequate.
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