Home insurance 'bailout' not fair

Really? REALLY? I just found out via the Huffington Post about a bill before Congress right now, HR2555, the Homeowner's Defense Act.

This bill would add $200 billion to our taxes to equalize homeowner insurance rates for millionaires who choose to build homes on the vulnerable coastlines of the Chesapeake Bay, the Carolinas, Florida, the Gulf Coast and California.

I didn't choose to build my home or buy a home on the coast of the United States and I DO NOT want to pay a penny extra in taxes to support those who did.

If they can't afford the insurance then they need to sell the home.

For a large percentage these are second homes. HR2555 is a request for an unnecessary bail out.

My research showed me the congressman who sponsored the bill wants to bail out a flawed insurance program in his own state with a national program that is doomed to bleed money like a skewed pig.

There are times when I am willing to pool our tax dollars to subsides our most vulnerable citizens, but this is not about our most vulnerable citizen. This is a reverse Robin Hood scheme to take from the middle class and give to the wealthy. I say NO!

I hope everyone who reads this will get online and do the research to inform yourself about what this bill will cost us as taxpayers, and then call our congressman or woman and share your opinion with them.

Wendy M. Warden

Round Lake