“The homeownership tax credit will make it economically viable for development to proceed in inner cities, struggling suburbs and isolated rural areas,” said Wilson. “This initiative is expected to spur the production of 50,000 new or rehabilitated homes annually and is another important step toward achieving the national goal of providing a decent and affordable home for every American.”
In laying out his economic agenda, Bush said “we must free small businesses from needless regulation and protect honest job-creators from junk lawsuits.” To make health care more affordable, he also called for the creation of “association health plans for small businesses and their employees.”
NAHB supports these efforts and is urging the Congress to approve S. 5, the “Class Action Fairness Act of 2005.” The bill was introduced by Senate Finance Committee Chairman Charles Grassley (R-Iowa) late last month and approved by the Senate Judiciary Committee last week, and it is expected to be considered by the full Senate this week.
Association health plan bill H.R. 525, “The Small Business Health Fairness Act,” which was unveiled on Feb. 2 in the House, would allow small businesses to pool their employees, through membership in trade associations, to negotiate lower insurance costs and increased health options.
“Association health plans enjoy broad, bipartisan support and the measure has received the enthusiastic backing of the White House. To help address the nation’s urgent health care needs, we urge the Congress to act quickly on this matter,” said Wilson.
The President also called for passage of a broad energy plan to make America more secure and less dependent on foreign oil. In the 108th Congress, lawmakers included energy efficient tax credits for new, existing and rental home construction in a comprehensive energy bill and NAHB is calling on Capitol Hill leaders to include these measures in any new energy package introduced in the new congressional session.
“President Bush summed it up best when he told the nation: ‘These proposals are essential to expand this economy and add new jobs,’” said Wilson. “And we look forward to working closely with the Administration and congressional leaders from both parties to enact these important measures.”
To read S. 5 or H.R. 525, click here and enter the bill number in the box at the upper left.
For more information, e-mail Michael Strauss, or call him at 800-368-5242 x8252.
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