Heather Wilson on The Economy

Last Updated : Oct 22, 2012

Campaign Website Statements

JOBS

Government cannot create wealth. Government can create the conditions for small businesses and entrepreneurs to take risks, invest, and create jobs.

That means low taxes, getting our government debt under control, and fair, predictable regulations. We need expanded free trade opportunities, and an all-of-the-above energy policy that will increase domestic energy production while creating tens of thousands of jobs.

It is the free enterprise system that gave America the strongest economy in the world. In the Senate, I will work to strengthen free enterprise so that we can get back to strong growth and job creation.

 

REGULATIONS

The red tape factory in Washington has been working overtime and it is strangling small business — the engine of job growth in America.

The federal government is required to identify all new regulations that would cost $100 million or more. In 2011 alone the Obama Administration proposed 219 of them.

Regulatory uncertainty keeps employers from hiring new workers. Burdensome regulations increase the cost of doing business, which then increases costs for the consumer.

In the Senate, I will fight for a moratorium on new regulations, and to simplify or rescind ones we already have.

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. Heather Wilson voted against the Auto Industry Financing and Restructuring Act.

Heather Wilson 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 Heather Wilson voted in favor of the TARP program.

Heather Wilson 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. Heather Wilson voted in favor of the Bush Stimulus.

Heather Wilson voted in favor of the Bush Stimulus.

Bankruptcy Reform

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 completely redefined bankruptcy in the United States. The bill made it much more for people to walk away from unsecured debt, such as credit cards, and permitted the court to award some compensation to creditors in the event that a bankruptcy was awarded. The bill got moderate bipartisan support and passed 302-126. Heather Wilson voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Heather Wilson voted in favor of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

American Jobs Creation Act

The American Jobs Creation Act was a Republican plan that was signed into law in the summer of 2004. The legislation ending some taxes in the agriculture industry, reduced corporate tax rates from 35% to 32%, reduced taxation on overseas income, and provisions to help companies invest in equipment. It passed the House 251-178. Heather Wilson voted against the American Jobs Act.

Heather Wilson voted against the American Jobs Act.

Sarbanes-Oxley

In response to Enron and other accounting scandals, Congress passed a bill which imposed a number of book-keeping and accounting regulations on several industries. The Sarbanes-Oxley Act of 2002 The bill received moderate bi-partisan support in the House and passed in a 334-90 vote. Heather Wilson voted in favor of Sarbanes-Oxley.

Heather Wilson voted in favor of Sarbanes-Oxley.

Financial Services Modernization Act of 1999

Also known as GRAMM-LEACH-BLILEY ACT, this legislation ended the Glass-Stegall rule that separated banking institutions from investment institutions. Heather Wilson voted in favor of the Financial Services Modernization Act of 1999.

Heather Wilson voted in favor of the Financial Services Modernization Act of 1999.

 

Sponsored and Cosponsored Legislation

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

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