John Salazar on The Economy

Last Updated : Oct 04, 2010

Campaign Website Statements

Helping Small Business

John Salazar is committed to protecting small businesses, which are vital to the economy of the 3rd CD. Many of today's largest corporations were once small businesses, and without small businesses our rural economies could not exist. They provide jobs and economic development to our communities, and add to the tax base of our cities, counties, states, and federal governments. Small businesses represent more than 99 percent of all employers in the United States, and account for nearly all of the self-employed. According to the Congressional Research Service, there are over 17,000 small businesses in the 3rd CD alone. In this time of economic turmoil and uncertainty, small businesses play a critical role in rebuilding our economy and creating jobs.

John is involved in production agriculture. As a small business owner himself, a member of the Business Owner's Caucus, and one of the few Members of Congress to still own and operate a business, John understands the important issues many of the small business employers face. He has dealt with the regulations faced by the nation's employers and has fought hard for health care reform to lower the cost of health insurance, which can strain the already tight budgets of small businesses in Colorado. Most importantly, he has fought to loosen credit markets for small businesses and provide them with the capital they need to grow and thrive despite the current economic climate. John Salazar understands the many issues that small business owners face because of his real life experience running one, and he will continue to make sure they have all the resources necessary to support their families and contribute to a lasting economic recovery.

 

Voting Record

Small Business Jobs Tax Relief Act of 2010

In June of 2010 the House voted to pass the Small Business Jobs Tax Relief Act of 2010. The act passed 247-170. John Salazar voted in favor of the Small Business Jobs Tax Relief Act of 2010

John Salazar voted in favor of the Small Business Jobs Tax Relief Act of 2010

Wall Street Reform and Consumer Protection Act of 2009

In June of 2010, the House voted on the Wall Street Reform and Consumer Protection Act of 2009. The act failed to pass in a . John Salazar voted against the Wall Street Reform and Consumer Protection Act of 2009.

John Salazar voted against the Wall Street Reform and Consumer Protection Act of 2009.

TARP Bonuses

In March of 2010, the House voted on legislation to impose an additional tax on bonuses received from certain TARP recipients, and for other purposes. The legislation passed the House 276-145. John Salazar voted in favor of the legislation to tax bonuses to TARP recepients.

John Salazar voted in favor of the legislation to tax bonuses to TARP recepients.

Small Business and Infrastructure Jobs Tax Act of 2010

In March of 2010 the House voted to pass the Small Business and Infrastructure Jobs Tax Act of 2010 246-178. John Salazar voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

John Salazar voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Wall Street Reform

In late 2009, the House passed the Wall Street Reform and Consumer Protection Act of 2009. The legislation consolidated many financial regulatory agencies, increased transparency in the derivatives market, regulation of credit rating agencies, and a "resolution regime" to resolve insolvent banks. John Salazar voted in favor of the Wall Street Reform Legislation.

John Salazar voted in favor of the Wall Street Reform Legislation.

The Stimulus

After the Senate passed the Stimulus package, the House voted on a passage of a conference bill to join the House and Senate versions. John Salazar voted in favor of the unified version of the Stimulus bill.

John Salazar voted in favor of the unified version of the Stimulus bill.

The Stimulus

The Stimulus bill (The American Recovery and Reinvestment Act of 2009) passed through the House on January 28, just days after President Obama\'s inauguration. The bill got no support from Republicans and 11 Democrats voted against it as well. John Salazar voted in favor of the Stimulus when it passed the House.

John Salazar voted in favor of the Stimulus when it passed the House.

Helping Families Save Their Homes Act of 2009

The Helping Families Save Their Homes Act of 2009 was a program designed to assist those who may be able to remain in their home with a modest amount of government assistance. The bill got wide bi-partisan support in the House and passed 367-54. John Salazar voted in favor of the Helping Families Save Their Homes Act of 2009.

John Salazar voted in favor of the Helping Families Save Their Homes Act of 2009.

Auto Industry Financing and Restructuring Act

In December of 2008 the US House voted to pass the Auto Industry Financing and Restructuring Act. The act provided a loan to GM through TARP funds and set up a plan to allow the company to receive more if they demonstrated a path back to viability. The act failed to pass the Senate, but was used as a guideline for the GM bailout for the Obama administration. John Salazar voted in favor of the Auto Industry Financing and Restructuring Act.

John Salazar voted in favor of the Auto Industry Financing and Restructuring Act.

Troubled Asset Relief Program (TARP)

The TARP program was designed to prevent the failure of large banks by purchasing their "troubled assets" and allowing them to move them off their records as liabilities. The vote on the legislation passed 263-171 John Salazar voted against the TARP Program.

John Salazar voted against the TARP Program.

The Bush Stimulus

In early 2008, the Recovery Rebates and Economic Stimulus for the American People Act of 2008 was passed in an attempt to stimulate the economy. Also known as the Bush Stimulus, the act consisted largely of checks sent to individuals. The bill received wide bipartisan support and passed the House 385-35. John Salazar voted in favor of the Bush Stimulus.

John Salazar voted in favor of the Bush Stimulus.

Bankruptcy Reform

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 completely redefined bankruptcy in the United States. The bill made it much more for people to walk away from unsecured debt, such as credit cards, and permitted the court to award some compensation to creditors in the event that a bankruptcy was awarded. The bill got moderate bipartisan support and passed 302-126. John Salazar voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

John Salazar voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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