Americans for Prosperity now trying to kill House bill blocking large flood insurance increases

[Redfairen]

Source: New Orleans Times-Picayune

Americans for Prosperity, the conservative advocacy group spending heavily on ads trying to stop Sen. Mary Landrieu, D-La., from winning a 4th term, is continuing with another battle that it isn't promoting in Louisiana. On Tuesday, the group urged lawmakers to reject legislation backed by Landrieu's leading GOP Senate opponent, Rep. Bill Cassidy of Baton Rouge, aimed at preventing large increases in premiums for flood insurance recipients in Louisiana and elsewhere.

On its website, the group, funded largely by the billionaire industrialists' brothers, David and Charles Koch, says it is "is proud to join" a coalition urging Congress not to pass legislation to delay most premium increases. The Senate already passed its version of the bill. 

The group also said it supports a conservative advocacy group in calling on the Republican-led House to reject "all forms of this bill and put an end to flood insurance subsidies that distort the market, belie the foundation of the NFIP, and expose taxpayers to further debt."

In effect, Americans for Prosperity is attacking Landrieu for her support of the Affordable Care Act, which it wants repealed, but calling on Congress not to block implementation of the 2012 Biggert-Waters flood insurance act, which is resulting in what Louisiana lawmakers say are unaffordable premium increases for many constituents.



Read more: http://www.nola.com/politics/index.ssf/2014/02/americans_for_prosperity_now_t.html#incart_river_default

[kelliekat44]

1. Am i the only one confused by this? nt

[olddad56]

2. no

[djean111]

3. What has happened here in Florida is that flood insurance rates have increased

dramatically for lots of people, and they cannot afford to keep their homes. This is not just rich people with beachfront property, this is smaller homes all over the place.
They can't sell their homes because no one wants to buy them with a huge insurance bill. Every year. $45,000, $71,000, rates like that.
IMO this is just another land grab. This will depress the housing market recovery here, too.
Florida homeowners with flood insurance have already paid in three times (in premiums) more than they have gotten back in claims, by the way.

[blkmusclmachine]

4. Thx.