Biden: 'It Won't Cost the Government a Penny' to Help People Pay Mortgages

August 22, 2012 - 5:38 PM

Biden

Vice President Joe Biden speaks during a campaign stop at the Spiller Elementary School in Wytheville, Va., Tuesday, Aug. 14, 2012. (AP Photo /Don Petersen)

(CNSNews.com) – Vice President Joe Biden, speaking at a high school in Detroit Wednesday, said “it won’t cost the government a penny” to help more homeowners stay in their homes, “if the Republicans would just get out of the way.”

Biden took credit for cutting taxes for the middle class “every year we’ve been in office,” adding that federal taxes for the middle class are “nearly at their lowest levels since the Eisenhower administration.”

“We cut small business taxes to help them grow. “We helped millions of families modify their mortgages so they could stay in their homes, and we helped more than a million refinance their mortgages saving $3,000 a year, but guess what?” Biden said.

“We could do it for another 12 million if the Republicans would just get out of the way, just get out the way. Right? Just get out the way. And it won’t cost the government a penny,” he added.