Ryan Budget Report Says Biggert-Waters Rate Hikes “Not Enough”
BATON ROUGE — Louisiana families would be hit with even more dramatic increases to their flood insurance premiums under the Ryan budget plan — a point unknown to Bill Cassidy, despite the fact that Cassidy voted for the Ryan budget.
According to The Advocate, “Cassidy said he would have to look into the effects of the House budget” on the National Flood Insurance Program. The House report on the Ryan budget says the premium increases for Louisiana families in the Biggert-Waters Flood Insurance Reform Act “are not enough.” It also calls for $1 billion in potential cuts to the program during the next 10 years, which would send rates skyrocketing beyond the increases already contained in Biggert-Waters.
“Bill Cassidy is more concerned about pleasing his party’s extreme wing than voting for Louisiana. He should have spent more time reading the Ryan budget before he voted for it. The Ryan budget would have dire consequences for Louisiana families and would increase their flood insurance premiums even more. It is unfortunate that he is completely clueless on an issue that affects so many families in Louisiana,” said Kirstin Alvanitakis, communications director for the Louisiana Democratic Party.