Rick Santorum on The Economy

Last Updated : Dec 13, 2011

Summary

While in office, Senator Santorum voted in favor of Sarbanes-Oxley, and the legislation to repeal the wall between investment companies and banks. He vocally opposed the stimulus.

Senatory Santorum has proposed a jobs plan that includes reducing the size of government, tax reform, regulatory reform, and energy reform.

  • Reduce the Size of Governmentrn
    • Return size of government to historical norm of 18%
    • Cap future spending
    • Pass a balanced budget amendment
  • Tax Reformrn
    • Cut the corporate tax rate in half
    • Cut the tax rate to zero for all manufacturers
    • Permanently extend the Bush tax cuts rates for Capital Gains and Dividend Tax rates
    • Repeal the Death Tax
    • Repatriate taxable income outside the United States at a rate of 5%
    • Reduce the tax code for all by making the system flatter, fairer, and simpler
  • Regulatory Reformrn
    • Repeal ObamaCare
    • Remove CO2 regulations of the EPA
    • Reign in the National Labor Relations Board (NLRB)
    • Streamline the patent process
    • Reform the transparency of the Food and Drug Administration's approval process
    • Repeal the burdensome Sarbanes-Oxley law
    • Repeal Dodd-Frank
    • End "too big to fail"
  • Energy Reformrn
    • Put aside our dreams of "green jobs," and focus on the great domestic resources at our disposal
    • Utilize oil, natural gas, coal, and nuclear energy
    • Eliminate the Obama Administration's roadblocks to oil exploration in the Gulf of Mexico, along the Outer Continental Shelf, and onshore - including in ANWR
    • Ensure that no new natural gas regulations are enacted 

 

New Hampshire Debate

In June of 2011, Senator Santorum participated in the Presidential debate in New Hampshire. He spoke about optimism and the economy. He spoke about the regulations he wanted to repeal and the need for greater energy exploration.

 

Iowa Debate

In August of 2011, Senator Santorum participated in the Republican Presidential debate in Ames, Iowa. He spoke about his plan to reduce taxes and spur manufacturing.

 

Fight for American Jobs

Senator Santorum has proposed a jobs plan that includes reducing the size of government, tax reform, regulatory reform, and energy reform.

  • Reduce the Size of Government
    • Return size of government to historical norm of 18%
    • Cap future spending
    • Pass a balanced budget amendment
  • Tax Reform
    • Cut the corporate tax rate in half
    • Cut the tax rate to zero for all manufacturers
    • Permanently extend the Bush tax cuts rates for Capital Gains and Dividend Tax rates
    • Repeal the Death Tax
    • Repatriate taxable income outside the United States at a rate of 5%
    • Reduce the tax code for all by making the system flatter, fairer, and simpler
  • Regulatory Reform
    • Repeal ObamaCare
    • Remove CO2 regulations of the EPA
    • Reign in the National Labor Relations Board (NLRB)
    • Streamline the patent process
    • Reform the transparency of the Food and Drug Administration's approval process
    • Repeal the burdensome Sarbanes-Oxley law
    • Repeal Dodd-Frank
    • End "too big to fail"
  • Energy Reform
    • Put aside our dreams of "green jobs," and focus on the great domestic resources at our disposal
    • Utilize oil, natural gas, coal, and nuclear energy
    • Eliminate the Obama Administration's roadblocks to oil exploration in the Gulf of Mexico, along the Outer Continental Shelf, and onshore - including in ANWR
    • Ensure that no new natural gas regulations are enacted

 

Greta Van Susteran Appearance

On August 30, 2011, Senator Santorum appeared on the Greta Van Susteran Show and discussed his economic plan and the overal economic health of the country.

 

Reagan Debate

In September of 2011, Senator Santorum participated in the Republican debate at the Reagan library. He discusses his economic plan in relation to the other candidates's plans.

 

Dartmouth Economic Debate

On October 11, 2011 Senator Santorum participated in a debate at Dartmouth University. Senator Santorum spoke about his economic plan that included energy production and removal of regulations put in place over the last four years.

Voting Record

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 '); echo('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 bipartisan support and passed 74-25. Rick Santorum voted in favor of the Bankruptcy Reform bill.

Rick Santorum voted in favor of the Bankruptcy Reform bill.

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 Senate 69-17.

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 almost unanimous support in the Senate and passed in a 99-1 vote. Rick Santorum voted in favor of Sarbanes-Oxley.

Rick Santorum 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. Rick Santorum voted in favor of the Financial Services Modernization Act of 1999.

Rick Santorum 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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