We are facing a serious economic downturn in our nation. Unfortunately, the fixes advanced by the congressional leadership and the White House are going down the wrong path. Even the Congressional Budget Office predicted the recent so-called stimulus would result in a net loss to our economy, yet even more federal bailouts and bloated spending may be on the way.
I believe we need to stop the massive growth of government spending and shift our focus to efforts that can truly promote job growth. Here are a few things I am working on to advance economic recovery:
Leading the fight against the second half of the $700 billion Wall Street bailout.
Reducing taxes on families and businesses so that money stays in our economy to help create jobs instead of funding the Washington bureaucracy.
Eliminating duplicative and unnecessary regulations that hinder business growth and create heavy compliance costs.
Focusing our spending on real infrastructure investments that would help promote economic growth and stop spending on wasteful projects like new cars for federal employes that were included in the so-called stimulus bill.
25th - | Vitter: Interior Dept. Continues to Mislead on Offshore Energy Production |
17th - | Sens. Sherrod Brown, David Vitter Ask U.S. Banking Agencies to Simplify and Strengthen Bank Capital Standards |
8th - | Vitter Applauds Fed for Delaying Proposed Capital Rules |
7th - | Sens. Vitter, Sherrod Brown Urge Bernanke to Increase Capital Standards |
2nd - | Sen. Vitter, Rep. Garrett Introduce Bill to Stop Spread of “Too-Big-To-Fail” |
16th - | ICYMI: Fed Governor’s Plan to Limit Bank Size Fuels Debate (New York Times) |
9th - | ICYMI: Dodd-Frank's Heavy Hand but Slight Value, by Sen. Vitter (Wall Street Journal) |
17th - | ICYMI: Banks Need More Capital, Not More Rules (Wall Street Journal) |
4th - | ICYMI: Legacy lawsuits bill being 'held hostage,' supporter says (Legal Newsline) |