Measures like allowing U.S. companies to repatriate overseas capital without penalty and suspending the capital gains tax, rather than flooding the market with taxpayer money, are preferable ways to create liquidity.”

Press Release

Contact: Tom Dunn

October 3, 2008

520-481-7919

Statement on today’s bail-out

When Congress had a chance to stand up and do the right things for the American people, they didn’t.  The proposed bail-out couldn’t pass earlier this week.  Ms. Giffords voted against it because she wanted “adequate taxpayer protections” and complained that the legislation was rushed. 

Well, this new legislation epitomizes the systematic problems in Washington.

Instead of addressing the crisis and passing sensible legislation that would protect the taxpayer and not bail-out Wall Street on the backs of Main Street, a broken Washington saw an opportunity.

Washington (and the incumbent) seized an opportunity to pile on the American taxpayer.

They added pork for wooden arrows, racetracks, rum, bicyclists, and Hollywood studios to name a few. 

Our Congresswoman Giffords wouldn’t stand by and say “no!” to the pork.  She added her own.  I support the extension of the solar tax credits.  These are tax credits that are important, but can pass on their own without bailing out Wall Street. Her vote to roll over taxpayers was bought with tax credits that a real leader would have passed months ago as part of an all of the above energy package.

 This bill should be about protecting our taxpayer, stabilizing our markets and strengthening our economy.  It should not be about how much more pork barrel spending you can get away with.

Southern Arizonans deserve someone that will stand up for them and do the right things. 

www.TimBee.com

###

Paid for by Tim Bee for Congress