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Why Is Chuck Schumer Protecting the Rich From Flood Insurance Hikes?

25 days ago   |   By The New Republic

As last week was winding to a close, The New York Times reported on an odd instance of power brokering by Senate Majority Leader Chuck Schumer. Ahead of a planned April 1 rollout, the New York senator stepped in to halt the nationwide rate hike on federal flood insurance policies, one that had long been planned, and sorely needed, by the Federal Emergency Management Agency. Schumer's reason, per the Times: Some of his wealthier constituents on Long Island would have to pay significantly more to cover their lavish homes from the threat of coastal flooding and future storms. The National...
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