A Lover Spurned


The National Association of Home Builders, acting like a spurned lover, has announced that it’s suspending its PAC contributions to all members of Congress. The Home Builders are a big contributor to members and congressional candidates, and spends heavy on lobbying. This could get interesting.

What caused the trouble? The Hill reports that the association’s lobbying efforts failed to get a particular tax break provision (a provision that would help companies with losses to trim prior year tax bills) included in the economic stimulus package. Calling the step "extraordinary," the Home Builders’ president said they were disappointed in both Congress and the Bush Administration for "not adequately addressed the underlying economic issues that would help to stabilize the housing sector and keep the economy moving forward."

In other words, as far as the Home Builders are concerned, Congress will be sleeping on the couch "until further notice."