Ciro Rodriguez on The Economy

Last Updated : Aug 11, 2010

Summary

Congressman Rodriguez voted in favor of the 2009 stimulus and the Bush stimulus. He initially voted in favor of the TARP program, but voted against it in final passage.

 

Campaign Website Statements

Fiscal Responsibility
Congressman Rodriguez believes that hard-working taxpayers deserve to have representatives who watch out for the bottom line. That’s why he has supported major legislation to rein in congressional spending and ensure that Congress learns to live within a budget, just like working families do.

Making Congress account for every dollar through the Pay-as-You-Go legislation, originally started under President Ronald Reagan. For every dollar spent, there must be a corresponding dollar that is cut or saved. Congressman Rodriguez was one of 169 sponsors on this bill, which holds Congress accountable.

Congressman Rodriguez was one of only a handful of Democrats who voted “NO” to the $700 billion bailout of banks, known as TARP (the Troubled Assets Relief Program). Too many banks took the government money while giving out million dollar bonuses to executives. Congressman Rodriguez also voted “NO” to the $80 billion bailout of GM and Chrysler.

“The American people are the ones who need help, not big banks and automakers,” Congressman Rodriguez said. “Creating jobs, supporting small businesses, and lending a hand to working families – that is how we will recover from these challenging economic times.”

 

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. Ciro Rodriguez voted in favor of the Small Business Jobs Tax Relief Act of 2010

Ciro Rodriguez 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 . Ciro Rodriguez voted in favor of the Wall Street Reform and Consumer Protection Act of 2009.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of the legislation to tax bonuses to TARP recepients.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of the Wall Street Reform Legislation.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of the unified version of the Stimulus bill.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of the Stimulus when it passed the House.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of the Helping Families Save Their Homes Act of 2009.

Ciro Rodriguez 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. Ciro Rodriguez voted against the Auto Industry Financing and Restructuring Act.

Ciro Rodriguez 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 Ciro Rodriguez voted against the TARP Program.

Ciro Rodriguez 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. Ciro Rodriguez voted in favor of the Bush Stimulus.

Ciro Rodriguez voted in favor of the Bush Stimulus.

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. Ciro Rodriguez voted against the American Jobs Act.

Ciro Rodriguez 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. Ciro Rodriguez cast a "No Vote"

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. Ciro Rodriguez voted against the Financial Services Modernization Act of 1999.

Ciro Rodriguez voted against 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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