On the Senate floor today, Sen. John Howe (R-Red Wing) tried to explain how canceling the renter’s credit is a good idea. The Senate was debating the Republican’s $1 billion cutback’s bill. This is basically a tax increase on all renters.
“That’s a $170 tax increase on every renter in Minnesota,” Sen. Scott Dibble (DFL Mpls) said. “We’re not just talking college students; about one-third of those who receive this credit are elderly or disabled. I’ve received letters from Minnesotans who rely on this refund to buy their children’s clothing, make car repairs, or obtain medical procedures. This is a direct hit to Main Street businesses where renters shop. It’s appalling that Republicans would add this kind of burden to Minnesota renters at a time when more families than ever are renting.”
It’s [the renter’s credit] actually encouraging people to stay in that renter mode, and not achieve what we want people to move forward. If we want to be “progressive”, we need to help people to achieve their dreams and their goals. And we shouldn’t hold them back. I view a renter’s credit as something that holds people back. It doesn’t encourage the type of behavior that we want. It doesn’t encourage the type of dreams and hopes that people can achieve to having their home ownership. And it runs counterproductive to other things that we do.
I’ll examine Howe’s idiotic explanation after the fold…
First of all, he keeps using the word “progressive.” To quote Inigo Montoya from the movie “Princess Bride”: “You keep using that word. I do not think it means what you think it means.”
Secondly, isn’t it the Republican mantra on taxes that people should keep more of their own money or something? So why is it a good idea to take away this tax break for renters? Oh … I get it … they’re not millionaires …
Thirdly, Sen. Howe seems to be conflating the renter’s credit into something like welfare. How is giving people the money they paid in taxes back equivalent to living on welfare?
Finally, how does increasing someone’s taxes help them save to buy for a downpayment? How does reducing the amount of money in someone’s pocket help them buy a home?