George Allen on The Economy

Last Updated : Oct 08, 2012

Education Opportunity Tax Credit

On October 1, 2001 Senator Allen spoke on the Senate floor in support of an Education Opportunity Tax Credit as an economic stimulus action.

 

Economic Stimulus Package

In March of 2002, Senator Allen spoke on the Senate floor in support of the passage of the economic stimulus package.

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. George Allen voted in favor of the Bankruptcy Reform bill.

George Allen 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. George Allen voted in favor of Sarbanes-Oxley.

George Allen voted in favor of Sarbanes-Oxley.

 

Sponsored and Cosponsored Legislation

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

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