Tim Walberg on The Economy

Last Updated : Sep 02, 2010

Campaign Website Statements

Jobs and Economic Growth

Creating jobs, expanding opportunities and growing south central Michigan’s economy is the top priority for Tim Walberg. Tim has fought to encourage job creation as he worked to stop tax increases, rein in federal government spending, make health care more affordable and accessible, encourage educational excellence and worker training, and provide families and small businesses with across-the-board tax relief to encourage hard work and investment.

Reducing energy costs and moving America toward energy independence through conservation, development of alternative energy such as wind and solar power, environmentally sound energy exploration, and allowing for the construction of advance carbon free nuclear power is vital to growing our economy, helping working families, and making America safe.

 

Voting Record

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. Tim Walberg cast a "No Vote"

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 Tim Walberg voted against the TARP Program.

Tim Walberg 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. Tim Walberg voted in favor of the Bush Stimulus.

Tim Walberg voted in favor of the Bush Stimulus.

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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