It's Time to Encourage Responsibility in Home Ownership

It seems to me, and many of my constituents back home in Pennsylvania, that Congress is spending all of its time and energy rewarding those who acted irresponsibly. We must not ignore those who have played by the rules and lived within their means.

Our current economic problems aren’t limited to the sub-prime housing market, reckless borrowers or predatory lenders. Millions of Americans who pay their bills on time and make good decisions are facing financial difficulties through no fault of their own. Responsible homeowners are being left out of the equation. That must change.

Just because responsible homeowners are paying their mortgages on time doesn’t mean they don’t need help. We must recognize responsibility.

That’s why I introduced legislation to give homeowners who pay their bills on time an incentive to continue to keep being responsible. My bill is as commonsense as it is simple. If you own a home and you’ve paid your mortgage on time you’ll get a $5,000 tax credit.

That’s it. It’s not a bailout, another taxpayer backed debt obligation, or a big government solution. It’s a way for hard working American families to keep more of the money they earn so they can keep acting responsibly and help our economy grow.

The Administration claims their plan will help 1 in 9 homeowners. My common sense plan helps the other 8 out of 9 homeowners the Administration and Democrats ignore. To pull ourselves out of this crisis we need real change. We must pursue policies that foster a culture of responsibility, not the culture of dependency and irresponsibility the Democrats are following. My plan does just that.

I, along with my House Republican colleagues are looking for commonsense solutions to our economic problems. I invite all RedState readers to visit my website to learn more about my bill and how it would help you in these tough times. I will also be updating my blog with information throughout the day.

Congressman Bill Shuster represents Pennsylvania’s 9th Congressional District.  He also serves as a Deputy Republican Whip.