They, Repubs, hated Obama’s housing plan saying that it would not help and in turn they have offered their own housing plan.

Days after House Democrats advanced a bill to address foreclosures, House Republicans will present their own ideas on how to confront the housing crisis, Minority Whip Eric Cantor told USA TODAY this morning.

The GOP plan, which Cantor said would be released this week, will include changes to the tax code’s provisions on gifts and capital gains, including changes that would make it easier for owners to sell investment properties, he said. The proposal will also include an idea Republicans pitched as part of the stimulus debate to give any home buyer who puts 5% down an immediate tax credit

Republicans shift their focus to housing a week after Democrats passed a bill largely on their own that would allow bankruptcy judges to change the terms of mortgages on homes. Seven Republicans out of 174 voting supported the measure, now pending in the Senate.

Notice anything about the GOP proposal?  Read it careful and you will see that it is just a “Tax Cut”…seems that is ALL Repubs have in the game plan…the tired old mantra from the 80’s.

This is the best the GOP can do…..their Plan B is tax cuts….