The founding idea of America is simple: if you work hard, you can provide a better life for yourself and your family.  For almost two centuries, that’s been a guiding principle that has made our country the envy of billions around the globe.  And yet, the Biden Administration seems determined to undo that principle by punishing hard work and responsible decision making.

First, it was President Biden’s plan to force taxpayers to pay for the Ivy League educations of billionaires’ kids, then it was his attempts to raise taxes on middle class families in order to fund the far left’s liberal spending spree.  Now, his administration wants to punish those who have a good credit score.

The Federal Housing Finance Agency (FHFA) is tasked with overseeing Fannie Mae and Freddie Mac, the two groups that back the majority of mortgages in the United States.  On May 1, the FHFA plans to impose a new monthly fee on borrowers that have a good credit score in order to help riskier borrowers by lowering the fees they’re charged.  If your FICO score is under 620, you’ll get a discount.  If it’s higher than 740, you’ll get a new monthly fee on your mortgage.

Closing the homeownership gap is a good goal, but doing so on the backs of hardworking individuals who have managed their money responsibly isn’t the way to do it.  It’s big government at its worst - punishing success by taking more out of people’s wallets.

Congress cannot sit idly by while the Biden Administration does something so blatantly un-American.  Action is needed, and I’ll keep you all updated every step of the way.