Brad Ellsworth on The Economy

Last Updated : Jul 14, 2010

Summary

Congressman Ellsworth voted against the stimulus in the initial House version, but supported it in the final passage. He also voted in favor of TARP, and the Bush Stimulus.

 

Stimulus vote

Initially, Congressman Ellsworth opposed the 2009 stimulus package and voted against it when it was first passed in the House. When the bill came back for a final vote with the House and Senate versions joined into one, Congressman Ellsworth voted in favor of it. He initially stated:

However, after his support for the second bill, Congressman Ellsworth stated the following:

 

Campaign 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. Brad Ellsworth voted in favor of the Small Business Jobs Tax Relief Act of 2010

Brad Ellsworth 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 . Brad Ellsworth voted against the Wall Street Reform and Consumer Protection Act of 2009.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the legislation to tax bonuses to TARP recepients.

Brad Ellsworth 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. Brad Ellsworth voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the Wall Street Reform Legislation.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the unified version of the Stimulus bill.

Brad Ellsworth 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. Brad Ellsworth voted against the Stimulus when it passed the House.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the Helping Families Save Their Homes Act of 2009.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the Auto Industry Financing and Restructuring Act.

Brad Ellsworth 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 Brad Ellsworth voted in favor of the TARP program.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the Bush Stimulus.

Brad Ellsworth voted in favor of the Bush Stimulus.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 4302; Small Business Job Creation and Access to Capital Act of 2009 - Cosponsor

Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program.

References

[1] Website: The American Spectator Article: The Brad Ellsworth Test Author: W. James Antle, III Accessed on: 07/14/2010

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