Gus Bilirakis on The Economy

Last Updated : Jun 26, 2012

Campaign Website Statements

Fiscal Discipline & Job Creation

Gus believes that economic innovation and growth begins with fiscal discipline in Washington, D.C.

As a steward of your tax dollars, Gus believes that Congress must focus on reducing the size of government and is fighting to cut wasteful spending and reduce our national debt. Gus has co-sponsored a balanced budget amendment to the Constitution, so Washington's misguided tax and spend policies can be stopped.

Because he believes that the federal government shouldn't be spending money it doesn't have, Gus OPPOSED the following:

  • $760 billion for the Wall Street Bailout
  • $267 billion for Fannie/Freddie
  • $167 billion for Bank of America, AIG and Citigroup
  • $14 billion for the Automobile Industry Bailout
  • $1.1 trllion 'Economic Stimulus' Package
  • $410 billion for the 2009 House Appropriations Bills
  • $3 billion for the "Cash for Clunkers" Program

He believes that the best way to encourage economic growth is to allow taxpayers to keep more of their own money. Instead of repeatedly saddling our nation with higher taxes and more debt, he believes that Congress should pass economic solutions that let families and small businesses keep more of what they earn so they can innovate, grow, and create jobs to turn our economy around.

 

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. Gus Bilirakis voted against the Small Business Jobs Tax Relief Act of 2010

Gus Bilirakis 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 . Gus Bilirakis voted in favor of the Wall Street Reform and Consumer Protection Act of 2009.

Gus Bilirakis 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. Gus Bilirakis voted against the legislation to tax bonuses to TARP recepients.

Gus Bilirakis 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. Gus Bilirakis voted against passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Gus Bilirakis 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. Gus Bilirakis voted against the Wall Street Reform Legislation.

Gus Bilirakis 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. Gus Bilirakis voted against the unified version of the Stimulus bill.

Gus Bilirakis 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. Gus Bilirakis voted against the Stimulus when it passed the House.

Gus Bilirakis 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. Gus Bilirakis voted in favor of the Helping Families Save Their Homes Act of 2009.

Gus Bilirakis 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. Gus Bilirakis voted against the Auto Industry Financing and Restructuring Act.

Gus Bilirakis 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 Gus Bilirakis voted against the TARP Program.

Gus Bilirakis 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. Gus Bilirakis voted in favor of the Bush Stimulus.

Gus Bilirakis voted in favor of the Bush Stimulus.

 

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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