Mark Schauer on The Economy

Last Updated : Sep 02, 2010

AIG Bonuses

In March of 2009, Congressman Schauer issued a press statement noting his opposition to the bonuses by AIG and his desire to enact legislation to recoup the funds.

 

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. Mark Schauer voted in favor of the Small Business Jobs Tax Relief Act of 2010

Mark Schauer 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 . Mark Schauer voted in favor of the Wall Street Reform and Consumer Protection Act of 2009.

Mark Schauer 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. Mark Schauer voted in favor of the legislation to tax bonuses to TARP recepients.

Mark Schauer 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. Mark Schauer voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Mark Schauer 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. Mark Schauer voted in favor of the Wall Street Reform Legislation.

Mark Schauer 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. Mark Schauer voted in favor of the unified version of the Stimulus bill.

Mark Schauer 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. Mark Schauer voted in favor of the Stimulus when it passed the House.

Mark Schauer 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. Mark Schauer voted in favor of the Helping Families Save Their Homes Act of 2009.

Mark Schauer voted in favor of the Helping Families Save Their Homes Act of 2009.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 4426; Wall Street Bonus Tax Act - Cosponsor

Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $50,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

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