Ander Crenshaw on The Economy

Last Updated : Jun 15, 2012

Campaign Website Statements

Creating Jobs

Creating JobsSince the nearly $1 trillion stimulus plan became law in February 2009, the unemployment rate reached a 27 year high of 10.2 percent. On September 3, 2010, the Bureau of Labor Statistics reported that the nation’s unemployment rate for August 2010 rose from 9.5 percent to 9.6 percent. Unemployment has been above nine percent for 16 consecutive months. To solve the problem, the current leadership in congress consistently turn to more big-government.

The private sector creates jobs, not Big Government! This is a fundamental economic principle that Washington has forgotten. Over the past year we've seen our economy lose millions of jobs. Americans continue to be laid off or have a difficult time finding work.

With the right tools, small businesses across the nation can and will create good paying jobs. However, to foster that environment, Washington must promote tax cuts and encourage growth and innovation—not stifle it.

I have steadfastly opposed the current Administration and Leadership in the House and their anti-market, pro-big government legislation. Under Speaker Pelosi’s leadership, the House has passed job-killing legislation like the Cap and Trade bill, Card Check, multiple stimulus plans and the Cash for Clunkers program.

Government intrusion only hurts small business and the private sector as a whole. I will continue to fight for policies that keep taxes low, expand access to credit, and reduce duplicative regulation. Only then will it be easier for small businesses to keep their doors open and to create jobs.
 

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. Ander Crenshaw voted against the Small Business Jobs Tax Relief Act of 2010

Ander Crenshaw voted against 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 . Ander Crenshaw voted in favor of the Wall Street Reform and Consumer Protection Act of 2009.

Ander Crenshaw voted in favor of 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. Ander Crenshaw voted against the legislation to tax bonuses to TARP recepients.

Ander Crenshaw voted against 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. Ander Crenshaw voted against passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Ander Crenshaw voted against 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. Ander Crenshaw voted against the Wall Street Reform Legislation.

Ander Crenshaw voted against 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. Ander Crenshaw voted against the unified version of the Stimulus bill.

Ander Crenshaw voted against 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. Ander Crenshaw voted against the Stimulus when it passed the House.

Ander Crenshaw voted against 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. Ander Crenshaw voted in favor of the Helping Families Save Their Homes Act of 2009.

Ander Crenshaw 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. Ander Crenshaw voted against the Auto Industry Financing and Restructuring Act.

Ander Crenshaw voted against 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 Ander Crenshaw voted in favor of the TARP program.

Ander Crenshaw voted in favor of 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. Ander Crenshaw voted in favor of the Bush Stimulus.

Ander Crenshaw 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. Ander Crenshaw voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Ander Crenshaw voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

American Jobs Creation Act

The American Jobs Creation Act was a Republican plan that was signed into law in the summer of 2004. The legislation ending some taxes in the agriculture industry, reduced corporate tax rates from 35% to 32%, reduced taxation on overseas income, and provisions to help companies invest in equipment. It passed the House 251-178. Ander Crenshaw voted in favor of the American Jobs Act.

Ander Crenshaw voted in favor of the American Jobs Act.

Sarbanes-Oxley

In response to Enron and other accounting scandals, Congress passed a bill which imposed a number of book-keeping and accounting regulations on several industries. The Sarbanes-Oxley Act of 2002 The bill received moderate bi-partisan support in the House and passed in a 334-90 vote. Ander Crenshaw voted in favor of Sarbanes-Oxley.

Ander Crenshaw voted in favor of Sarbanes-Oxley.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 5141; Small Business Paperwork Mandate Elimination Act - Cosponsor

Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.

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