Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (165886)	7/30/2001 2:50:00 PM
From: jlallen	Read Replies (1) \| Respond to of 769667

Actually, one of the most successful programs for the needy, the LIHTC, (low income housing tax credit, Section 42 of the IRC) was sponsored by the Reagan Administration. The program is widely recognized as one of the most succcessful low cost housing initiatives ever devised. It is credited with bringing over 1,000,000 low cost housing apartment units on line since 1986 when it was legislated as part of the sweeping changes to the tax code proposed by the Reagan Administration. During the Clinton years no such innovative proposals were advanced. The Bush Administration has proposed to extend this very successful program into the development of single family homes. Contrast these initiatives with the failed demolib policies of government subsidized housing projects. So, your statement that the Republicans are the party of the needy is very apt indeed. Programs and policy which work well to address the actual needs of low income individuals. JLA