For Immediate Release: September 29, 2008
Contact: Lauren C. Barnett
Statement from David Schweikert on “Bailout” Bill
Scottsdale, AZ – Candidate for Congress David Schweikert issued the following statement on the “bailout” bill which failed today in the House of Representatives.
David Schweikert stated, “Today’s vote proves that in these unstable financial times, Americans want fiscally-responsible leadership.”
Schweikert continued, “I offer solutions that will not bankrupt taxpayers. We also need to stimulate the economy by keeping taxes low and cutting spending. Washington must learn to do more with less. This will require discipline – but it must be done. I’m ready to take this fight to Congress.”
“Our current financial crisis stems from home values plummeting. Arizona has been especially hard-hit by this reality. That’s why I have been proposing mortgage tax credit in addition to tax deductibility to help homeowners and reduce foreclosures,” Schweikert continued.
Schweikert managed a $4 billion investment pool as Maricopa County Treasurer. Through his prudent investments, David Schweikert earned taxpayers over $300 million without losing a dime. As Treasurer, David Schweikert also refused to invest in risky mortgage-backed bonds.
“I understand families and businesses are struggling. We need leaders in Congress who can develop a solution, protect taxpayers and stimulate the economy. Let’s get to work,” concluded Schweikert.