Blaine Luetkemeyer on The Economy

Last Updated : Jun 12, 2012

2012 Campaign Website Statements

Job Creation

Blaine believes the way to create jobs and increase prosperity for ALL Missourians is to cut taxes and reduce government red tape. He will continue to defend the historic tax cuts of 2001 and 2003 so that Missourians have more money in their pockets, which in turn will enhance our economy and lead to job creation. Additionally, Blaine will work to do away with the layers of bureaucracy and overzealous regulations that hinder economic growth and make it hard for small businesses to succeed.

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. Blaine Luetkemeyer voted against the Small Business Jobs Tax Relief Act of 2010

Blaine Luetkemeyer 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 . Blaine Luetkemeyer voted in favor of the Wall Street Reform and Consumer Protection Act of 2009.

Blaine Luetkemeyer 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. Blaine Luetkemeyer voted against the legislation to tax bonuses to TARP recepients.

Blaine Luetkemeyer 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. Blaine Luetkemeyer voted against passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Blaine Luetkemeyer 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. Blaine Luetkemeyer voted against the Wall Street Reform Legislation.

Blaine Luetkemeyer 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. Blaine Luetkemeyer voted against the unified version of the Stimulus bill.

Blaine Luetkemeyer 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. Blaine Luetkemeyer voted against the Stimulus when it passed the House.

Blaine Luetkemeyer 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. Blaine Luetkemeyer voted in favor of the Helping Families Save Their Homes Act of 2009.

Blaine Luetkemeyer voted in favor of the Helping Families Save Their Homes Act of 2009.

 

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.

Session-111; Bill Number-H R 4653; Accurate Accounting of Fannie Mae and Freddie Mac Act - Cosponsor

Requires the receipts and disbursements of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of: (1) the federal budget submitted by the President; (2) the congressional budget; or (3) the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Requires the costs of purchases of mortgages, and mortgage-backed securities issued, by Fannie Mae and Freddie Mac to be calculated by adjusting a specified discount rate for market risks under the Credit Reform Act of 1990. Subjects to the statutory public debt limit the face amount of obligations issued by Fannie Mae and Freddie Mac and outstanding at one time.

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