Post Election, GOP Will Focus on Balancing the Budget

Also Includes Tax Reform
Repealing Health Care Law Also Priority

Post Election, GOP Will Focus on Balancing the BudgetFollowing the November 4, 2014 election, The New York Times reported on November 5, 2014, that the Republican Party says “They will focus on balancing the budget, restoring an orderly process for spending bills, revising if not repealing the health care law and enacting a major overhaul of the tax code — ambitious goals, given years of stalemate and discord.”

In addition, President Obama and presumed Senate Majority Leader Mitch McConnell talked about finding common ground, the day after Republicans won control of the Senate and picked up seats in the House.

  • What do these priorities mean for funding for creating affordable housing and ending homelessness?
  • Will corporate tax reform change or eliminate the Low income Housing Tax Credit (LIHTC)?
  • Will individual tax reform include the National Housing Trust Fund?
  • What would repealing the health care law mean for the very poor who finally had the opportunity for health care coverage?

One thing we know is that the new Republican leadership does not feel that they have a lot of time to waste.

“Newly empowered congressional Republicans plan on moving quickly to demonstrate that they can effectively legislate, aware that they risk a backlash in two years if they fail to deliver.”

Congress is expected to reconvene for the lame duck session next week. The new Congress will be sworn in in January 2015. Senator Richard Shelby (R-AL) is slated to regain his seat as Chairman of the Senate Committee on Banking, Housing and Urban Affairs.

Now more than ever, as the President and GOP seek common ground, this is the time to contact your Members of Congress and remind them of the federal policy priorities that include:

Although the political and fiscal picture is uncertain, now is not the time to give up the fight to end homelessness!

Click here for information on contacting the current members of the NJ Congressional delegation.

Click here for the full Times article.