CORKER TO HOUSE-SENATE CONFEREES: USING FANNIE MAE & FREDDIE MAC AS A “PIGGY BANK” TO FUND PAYROLL TAX HOLIDAY EXTENSION ADDS TO TAXPAYER RISK
February 7, 2012
WASHINGTON – U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking Committee, today urged House and Senate negotiators not to use a 10-year tax increase on insurance for mortgages guaranteed by Fannie and Freddie Mac as a “piggy bank” to pay for a temporary extension of the payroll tax holiday through the end of the year. The two-month extension of the payroll tax holiday signed into law in December included an offset, opposed by Corker, that increases the guarantee fees paid by mortgage lenders for home loans backed by government-sponsored enterprises Fannie Mae a... [continue]Featured Videos
February 1, 2012 - At a news conference in the U.S. Capitol, Senator Corker joined fellow Senate and House supporters of the Honest Budget Act to announce the introduction of the companion bill in the House of Representatives.
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January 16, 2012 – Commemorating the Martin Luther King Day of Service, U.S. Senator Bob Corker greets firemen during the “Protecting and Serving Our Neighbors” initiative at Nashville Fire Department Station 19.
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