Press Releases

Club Issues Press Release on NV-02 Race

Mr. Andrew Roth - July 19th, 2005

TAX-AND-SPEND CANDIDATES BEWARE: CLUB’S PAC SETS A NEW CANDIDATE SUPPORT RECORD ALMOST A YEAR BEFORE PRIMARYEndorsement In NV-02 Propels New Candidate To Top Of Fundraising In One Month
WASHINGTON, D.C. – The Club for Growth PAC has set a new organizational record for House candidate support with over $178,800 in contributions by Club members as of July 14 following its June endorsement of NV-02 congressional candidate, Assemblywoman Sharron Angle.Donations from Club for Growth members helped establish Mrs. Angle, after only one month as a declared candidate, as the top fundraiser in the race in the second quarter according to FEC filings that became available over the weekend.”These numbers should be a loud wake-up call for tax-and-spend candidates across the country,” said Pat Toomey, President of the Club for Growth. “The Club for Growth PAC’s increasingly massive fundraising power will be at work early this cycle to help candidates with a demonstrated commitment to pro-growth policies gather the support and resources they need to win primaries, and ultimately, general elections.”Because of strong competition from establishment politicians whose bigger-government track record helps them raise money from interest groups, principled economic conservatives need solid help when it counts most – early in the primary season. So beginning with the 2006 cycle, the Club for Growth PAC for the first time will get involved at the earliest stage in the election process. The Club for Growth PAC first implemented this strategy last month by endorsing Assemblywoman Sharron Angle in Nevada’s 2nd congressional district. Mrs. Angle raised $158,888 in the second quarter. The Club for Growth PAC’s endorsement helped Mrs. Angle raise more second quarter money than the other two candidates and amass the second highest amount of cash on hand.”This record-breaking outpouring of financial support so early in the election process demonstrates that the Club for Growth is continuing to expand its membership and influence,” concluded Toomey. “It is a new Club PAC record for a single solicitation for a House race more than two months from an election. We look forward to having the Club’s PAC put this kind of financial firepower into action throughout the entire 2006 cycle to help Sharron Angle and other true economic conservatives campaign and win.”

Club Announces New TV Ad Campaign

Mr. Andrew Roth - July 14th, 2005

NEW CLUB FOR GROWTH AD TARGETS CHAFEE, LANDRIEU, PRYOR AND LINCOLN SAYING “ISN’T A LIFETIME OF TAXES ENOUGH?”
TV Spot Urges Support For Permanent Repeal Of Death Tax In Upcoming Senate Vote
deathtax-video-image.jpgWASHINGTON, D.C. – Noting that the Death Tax can rob Americans of up to 55% of the money they save to pass on to their family, the Club for Growth is launching a new television ad campaign which will initially urge four key U.S. Senators to vote for permanent repeal of the Death Tax when the issue comes before the U.S. Senate later this month.”No one works hard their whole life to be able to leave a nice nest egg for the Federal government,” said Pat Toomey, President of the Club for Growth, the nation’s leading advocacy organization for free-market, pro-growth economic policies. “This ad campaign is designed to urge Senators Chafee, Landrieu, Pryor and Lincoln to respect the hard work of their constituents and protect the fruits of their labor for their families rather than for government coffers.”The pro-growth tax cuts proposed by President Bush in 2001 included a phase-out of the estate tax by 2010. But under current law the tax will be reinstated in 2011 when the 2001 tax law expires. The U.S. Senate is expected to hold a vote on permanent repeal of the Death Tax before adjourning for recess at the end of July.The Club for Growth ad will begin running on Monday, July 18, in the following states: Rhode Island, Louisiana, and Arkansas.”The upcoming Senate vote will be a choice between supporting families, small businesses, and economic freedom versus economy-stifling tax policy,” concluded Toomey. “This ad urges Senators Chafee, Landrieu, Pryor and Lincoln to make the right choice. The more than 30,000 members of the Club for Growth across the country will be watching closely.”Watch the Ad: Windows | Real Player | Quicktime

Club Issues Press Statement on Budget Forecasts

Mr. Andrew Roth - July 13th, 2005

94 BILLION EXAMPLES OF TAX CUTS AT WORK: NEW BUDGET FORECASTS SHOW STRONG DECREASE IN DEFICIT
Pat Toomey, President of the Club for Growth, issued the following statement about projections in the White House Office of Management and Budget’s Mid-Session Review that the federal budget deficit for FY05 would be $94 billion less than previously forecasted.”These new numbers offer ninety-four billion examples of tax cuts at work, supporting economic growth and deficit reduction. Once again we are seeing the proof that supply-side economics works. It works because it is based on the simple truth that incentives matter. The 2003 pro-growth reductions, particularly in marginal income tax rates, capital gains and dividend taxes, have spurred robust economic growth and consequently, accelerating federal tax revenue.”The only way to continue driving down the deficit is to make permanent the pro-growth tax relief responsible for our progress so far and to begin reducing federal spending. The President can send a strong signal to Congress that he’s committed to this approach by vetoing the highway bill if it exceeds his spending limit of $284 billion.”While these numbers are great news in the short-term, unless meaningful Social Security reform is passed our future deficit situation will quickly become catastrophic. Congress needs to pass Social Security reform with the ownership of personal retirement accounts now before we are faced with economy-busting debt and tax increases.”

Club Announces New Congressional Scorecard

Mr. Andrew Roth - July 12th, 2005

WASHINGTON (07/12/05) – The nation’s leading advocacy organization for free-market, pro-growth economic policies announced that it is implementing a new key vote scoring system to hold members of Congress accountable for their actions once elected to office. The first votes scored will be votes on spending provisions and the CAFTA-DR agreement.”Clearly it’s not enough to elect candidates to Congress who talk a good game about pro-growth policy,” said Pat Toomey, President of the Club for Growth. “We have to hold them accountable for their votes once in office and this key voting system will help us do that.”To provide accountability, for the first time in its history the Club for Growth will designate key votes on economic issues that maximize growth like expanding trade, reducing government spending, lowering taxes and reforming Social Security. Members of Congress will be given a score based on their actions and votes on whether they favored policies that would boost economic growth and opposed policies that would hurt growth. Those scores will help in understanding the true policies of members of Congress and will guide selection of congressional candidates to receive support from the Club for Growth PAC’s massive resources. Equally important, the scorecard will help determine which incumbents could face Club for Growth PAC endorsed challengers in a primary or general election.”Too many politicians campaign as pro-growth candidates and then vote for higher spending, higher taxes, corporate welfare and protectionism once in office,” continued Toomey. “With the vote on CAFTA coming up, we’re saying to members that we’re keeping track of the important votes and there will be consequences to campaigning one way and voting another.”During the last election cycle, the Club for Growth members and the Club’s PAC raised $9 million for candidates. The Club for Growth PAC will also be putting that power to work earlier this cycle than ever before to help candidates with a demonstrated commitment to pro-growth policies gather the support and resources they need to win primaries and ultimately general elections.The first key vote identified was the Blumenauer/Flake amendment on the Agriculture appropriations bill in the House. The Club for Growth supported a “yea” vote on the amendment. The next anticipated key vote will be on CAFTA-DR in the House.

Pat Issues Statement on CAFTA

Mr. Andrew Roth - June 30th, 2005

Club For Growth President: CAFTA Passage In Senate An Excellent Step Forward; Reports Suggest Americans Still Saddled With Unfair Sugar Tax
“The Senate’s passage of CAFTA takes us one big step closer to lower trade barriers, higher American exports and accelerating economic growth.”Unfortunately, news reports suggest that the Bush Administration may have made major concessions to get the votes of certain sugar protectionists, like Norm Coleman. Any side agreements which undermine CAFTA’s tiny opening of the sugar market will continue to saddle American consumers with an unfair sugar tax we are all currently forced to pay.”Nevertheless, the vote on CAFTA itself generally distinguishes which senators vote for free trade and economic growth and which prefer protectionism and economic stagnation. The Club for Growth will publish its first-ever scorecard on congressional actions, and today’s Senate vote and the upcoming House vote on CAFTA will be strong key votes in the new rating.”If those in office today won’t support the free-market policies we need to generate prosperity and economic growth, the Club for Growth PAC and Club members will look for others who will.”