Andrew Roth - May 08th, 2012
KEY VOTE ALERT
“YES” ON THE POMPEO AMENDMENT TO CJS APPROPS (HR 5326)
The Club for Growth urges all House members to support Rep. Mike Pompeo’s amendment to the C-J-S appropriations bill (HR 5326) that would defund the Economic Development Administration (EDA) and transfers the savings to deficit reduction. We expect a vote on this amendment to occur this week, perhaps as early as today. This vote will be included in the Club for Growth’s 2012 Congressional Scorecard.
This amendment defunds the EDA, which is a “Great Society” program from 1965 that ostensibly provides financial aid to economically distressed areas of the country in order to stimulate economic growth. But it’s nothing more than a redistribution scheme allowing politicians and bureaucrats to fund their pet projects.
The EDA is corporate welfare. The free market, not the government, should be in charge of picking winners and losers in the private sector. A better alternative to the EDA is to cut tax rates on individuals and businesses while at the same time eliminating special interest carve outs and regulations, thereby promoting economic growth without growing the government.
Our Congressional Scorecard for the 112th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.