Alan Grayson on The Economy

Last Updated : Oct 08, 2010

Summary

Congresman Grayson strongly supports the Stimulus plan and has credited the plan with holding off a depression that would have seen 20% unemployment. He has cited the war in Iraq as one of the chief causes of the economic woes in the US and introduced a bill titled "The War is Making you Poor Act." Congressman Grayson also supported the America Competes Act.

Congressman Grayson also introduced legislation to allow the US Treasury Secretary to set pay levels for all employees for all companies that took TARP money.

Congressman Grayson has spoken on numerous occasions about his belief and support of economic policies that use the federal government as the controlling factor in economic stimulus and economic growth.  

 

Support for the Stimulus

 

The Pay for Performance Act

Congressman Grayson has sponsored the "Pay for Performance Act" which would allow the Secretary of Treasury to set the salaries of any employee at a company which took TARP money. It allows the Secretary of Treasury to address salaries and bonuses which are "unreasonable" within companies which took TARP money, but does not address the definition of "unreasonable."

  

The War is Making You Poor

A central theme of Congressman Grayson's economic plan is that the wars in Iraq and Afghanistan are causing many of the problems being experienced here at home. He has written articles to highlight this and sponsored legislation called The War is Making You Poor Act. This issues is addressed under the topic of the War in Iraq.

 

2008 Campaign Video

 

Opposition to Capitalism

In an interview on MSNBC, Congressman Grayson spoke about the "failed" idea of a free market.

 

Support for the America COMPETES Act

In a May 2010 Press Release, Congressman Grayson notes his support for the America COMPETES Act by stating that he voted to create jobs.

 

Support for Green Jobs through legislation

In a May 2009 press release, Congressman Grayson stated that by voting to enact legislation, he was voting to create jobs.

 

Official Website Statements

 

 

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. Alan Grayson voted in favor of the Small Business Jobs Tax Relief Act of 2010

Alan Grayson 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 . Alan Grayson voted against the Wall Street Reform and Consumer Protection Act of 2009.

Alan Grayson 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. Alan Grayson voted in favor of the legislation to tax bonuses to TARP recepients.

Alan Grayson 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. Alan Grayson voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Alan Grayson 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. Alan Grayson voted in favor of the Wall Street Reform Legislation.

Alan Grayson 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. Alan Grayson voted in favor of the unified version of the Stimulus bill.

Alan Grayson 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. Alan Grayson voted in favor of the Stimulus when it passed the House.

Alan Grayson 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. Alan Grayson voted in favor of the Helping Families Save Their Homes Act of 2009.

Alan Grayson voted in favor of the Helping Families Save Their Homes Act of 2009.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 4290; New Deal for a New Economy Act - Cosponsor

Directs the Secretary of the Treasury, from unobligated funds under the Emergency Economic Stabilization Act of 2008 (EESA), to make specified sums available for FY2010-FY2012 to the Secretary of Education, the Attorney General, the Secretary of Homeland Security (DHS), and the Secretaries of Commerce, Labor, the Interior, and Agriculture. Requires: (1) the Secretary of Education to allocate, and each eligible local educational agency in the state to receive, funds in proportion to amounts received under the Elementary and Secondary Education Act of 1965; and (2) a state to make and distribute the amount allocated to it within 90 days of receipt. Authorizes the use of funds to hire new employees, rehire employees laid off during the year prior to enactment, continue to employ employees scheduled to be laid off as a result of reduced budgets, and prevent furloughs scheduled as a result of reduced budgets.

User Comments