RISK: U.S. could raise up to $25B by eliminating flood insurance subsidies — GAO
Another way to look at foregone premiums might be to consider it as spending in annual federal budgets, said R.J. Lehmann, a senior fellow and co-founder of the R Street Institute. That could have consequences as lawmakers try to square FEMA spending in appropriations committees. It could also encourage them to reduce subsidies, Lehmann said, by counting efforts to decrease foregone premiums as savings. “That would be the path to keeping Congress honest, and to more responsibly accounting for their duties, both to taxpayers and to the environment,” Lehmann said in an email.
