Shadegg Opposes Auto Bailout, Proposes Taxpayer Bailouts

Congressman Shadegg has introduced a couple bills that will help real Americans, not the auto industry. Nice to see there are still some good ideas coming out of Washington. Here is his release:

Shadegg Opposes Auto Bailout, Proposes Taxpayer Bailouts

Shadegg: “I believe taxpayers should decide which businesses survive and which need to be restructured to remain competitive.”

Washington, DC— Congressman John Shadegg today issued the following statement last night after voting against the Auto Industry Financing and Restructuring Act (H.R. 7321) and instead, introducing two economic alternatives:

“If anyone needs a bailout in this economy it’s the American taxpayer. Politicians shouldn’t be picking winners and losers; the American people should.

“I voted against the massive auto industry bailout, not because I don’t care about America’s auto industry, or the workers in that industry, but because I believe taxpayers should decide which businesses survive and which need to be restructured to remain competitive.

“The American people, those in the auto industry, and those in every other industry need help right now. While I would favor permanent tax relief, I also believe a substantial tax holiday will do more to stimulate our economy than another taxpayer-funded bailout. Average Americans, not politicians, should determine which companies deserve to be rewarded and which do not. The banking industry bailout enacted just weeks ago has proven that Washington is clueless when it comes to the American economy. And, it’s been a spectacular failure.

The bills I introduced today would stimulate the economy and be a tremendous boon for every struggling American family. Under the first proposal, individuals making less than $125,000, or couples making up to $250,000, in 2008 would owe no income taxes. Taxes withheld to date would be refunded to these taxpayers to use as they see fit. Those making over these amounts would pay income tax at 5% below the otherwise applicable rate. The alternate bill, would suspend both payroll and income taxes for the first six months of 2009.

These plans would return, on average, roughly $5,700 to $6,400 to each taxpayer. Either would cost dramatically less than the bloated $7 trillion bailout packages peddled by congressional Democrats and the Bush Administration.

“The federal government has demonstrated utter incompetence in solving our nation’s economic problems over the past three months. It’s time to put the control of our economy back in the hands of the American people.”


Comments

  1. Conservative Guy says

    I know this gesture from Shadegg looks great, but it’s nothing more than cheap political cover.

    With a dem controlled house, sen and pres, this will go nowhere and Shadegg knows it.

    Second, Shadegg voted for the bailout. Fact is, if you vote for the largest single spending program in history, you’re a lib. There’s just no way around it. I’m sorry.

    It’s nice rhetoric. It’s a nice pipe dream for disaffected conservatives, I admit that.
    It makes John LOOK good.

    But words are just that. And his actions have demonstrated all, i.e. lib, no political cover can help him at this point.

  2. Shadegg is spot on. The best way to jump start the American economy is put money into the hands of people who earned it. No more “bailouts” for fat cats.

    Thanks to John Shadegg and the Republicans for supporting the American worker.

  3. Mike Kelton says

    So-called “Conservative guy”, you are either a Democrat or Rob Haney.

    Congressman John Shadegg has a 100% rating from the American Conservative Union. He has always stood firm on his conservative principles. That’s why he easily won re-election with all the attacks coming from the left and EXTREME right.

  4. The GOP will be back on the rise!

  5. Mike Kelton:

    You are 100% right-on in you observation that the current sentiment is….you’re either a Democrat or Rob Haney.

    Their actions suggest that many of the these modern quacks are absolute loners and shunned by people with real personalities and hearts. Flying solo, they are as good in the air as penguins…but in extremely cold temperatures, they huddle together and keep each other warm. They also remind me of Steven King’s Children of the Corn. They’d exterminate all of us in a heartbeat if one of their Grand Poo-Pahs gave the order.

    Truth is, the Haneyites are too infatuated by the “Cult of Personality” and anger of the EXTREME TIGHTY WHITIES – I mean RIGHTIES.

    Anyone remember that song by Living Colour in the late 80’s? Do these abbreviated lyrics sound familiar?…..

    Look in my eyes, what do you see?
    The Cult of Personality
    I know your anger, I know your dreams
    I’ve been everything you wanna be
    I’m the Cult of Personality

    Neon lights, Nobel Prize
    When a mirror speaks, the reflection lies
    You don’t have to follow me
    Only you can set you free

    I sell the things you need to be
    I’m the smiling face on your T.V.
    I’m the Cult of Personality
    I exploit you, still you love me
    I tell you one & one makes three
    I’m the Cult of Personality

    You gave me fortune, you gave me fame
    You gave me power in your God’s name
    I’m every person you need to be
    I’m the Cult of Personality

  6. Great Site, love the blog

  7. that is sooo tight…

  8. Thanks for useful articles

  9. Very interesting article, as are some of your other posts. I have bookmarked your great site for future visits.

Trackbacks

  1. my blog says:

    check this out…

    this is mine…

Leave a Reply