OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Heroes Earnings Assistance and Relief Tax Act of 2007

Floor Speech

Date: Nov. 6, 2007
Location: Washington, DC
Issues: Finance and Banking Veterans Housing and Property

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Mr. DOGGETT. Madam Speaker, support for our troops does not begin on the battlefield and it must not end there. With approval of this legislation, Texas veterans will be eligible for below-market home loans of up to $325,000. Under the previous law, this benefit was restricted to veterans who had served prior to 1977. Today, we close the gap for the many who have been our heroes in the last 30 years who are not currently eligible. Those who have served to keep us safe in our homes deserve a chance of a home of their own. That is what this bill does.

We know that Veterans Day is approaching, but every day that we enjoy freedom bestowed by the sacrifices of those in uniform is a day that we should honor them. It is often said that we should honor our vets not only with our words but also with our deeds. Well, today we expand the opportunity for each vet to obtain a deed for their home. As veterans paid the price to build our great democracy, we can afford the price of building a foundation for their home ownership.

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