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“NO” on H.R. 2112, the conference report on the Agriculture, CJS, and Transportation Appropriations “minibus” appropriations bill.
November 16, 2011
NTU urges all Representatives to vote “NO” on H.R. 2112, the conference report on the Agriculture, CJS, and Transportation Appropriations “minibus” appropriations bill. This bill continues many of the dangerous trends from past appropriations cycles – cramming multiple bills together, using accounting gimmicks to hide spending, and ignoring the urgency of deficit reduction – that have aided the explosive growth in federal spending.
The conference report proposes $700 million in spending restraint, a near-trivial amount given our $15 trillion national debt. Closer inspection reveals that even this is a mirage. The legislation includes $2.3 billion in disaster relief funding, a more than $10 billion increase in mandatory expenditures, and budgetary sleight-of-hand, such as claiming discretionary savings from changes to mandatory spending programs. Such tactics more than wipe out any purported “savings.”
The conference report also includes language extending the Federal Housing Administration’s conforming loan limits at stimulus-era levels. This change, which would only benefit roughly the top 1 percent of home purchasers, risks further taxpayer bailouts, smothers a willing and capable private mortgage insurance market, and delays the prospects for true housing policy reform in the future.
Roll call votes on H.R. 2112 will be significantly weighted in our annual Rating of Congress and a “NO” vote will be considered the pro-taxpayer position.
If you have any questions, please contact NTU Federal Government Affairs Manager Brandon Greife at (703) 683-5700