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Topic: Key Vote Alert Senate

Key Vote Alert - "NO" on the Currency Exchange Rate Oversight Reform Act (S. 1619)

Posted on Sep. 28, 11 | 11:42 AM by Andrew Roth | Topic: Key Vote Alert Senate
KEY VOTE ALERT
"NO" on Currency Exchange Rate Oversight Reform Act (S. 1619)

The Club for Growth urges all members of Congress to vote "NO" on the Currency Exchange Rate Oversight Reform Act (S. 1619) sponsored by Senator Sherrod Brown. The Senate plans to consider the bill in early October. A vote on this bill will be included in the Club's 2011 Congressional Scorecard.

This proposal would make it easier for the government to slap punitive tariffs on "nonmarket" economies - in particular China - if an exporting country's currency is considered misaligned against the U.S. dollar. This is a disastrous proposal that would increase taxes on American consumers, stall the economic recovery, and spark an ugly trade war that would benefit no one.

Supporters of this bill believe that cheap imports from China are harming our nation's manufacturers, but they fail to realize that China ships intermediary goods and raw materials to the United States, not just final consumer products. These cheap goods are used by our nation's businesses to produce final products that can be sold at competitive prices. And even if supporters of this bill had a valid argument, the better course of action to spur our nation's economy is not to punish another country through higher taxes on ourselves, but by lowering taxes on corporate income, capital gains, and dividends. This would ignite economic growth, expand our access into foreign markets, and make American companies more competitive and innovative. Likewise, cheap imports are not a drag on the economy. They give consumers more choice and the extra resources to save and invest. We strongly urge all members to not only vote against this bill, but to decline co-sponsorship of it.

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.

Permalink: http://www.clubforgrowth.org/perm/?postID=15577
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Key Vote Alert - "NO" on the Reid TAA/GSP Substitute Amendment

Posted on Sep. 19, 11 | 10:57 AM by Andrew Roth | Topic: Key Vote Alert Senate
KEY VOTE ALERT
"NO" on the Reid TAA/GSP Substitute Amendment

The Club for Growth urges all Senators to vote "NO" on the Reid substitute amendment to the bill extending the Generalized System of Preferences (HR 2832). A vote on this amendment is expected this week. This vote will be included in the Club's 2011 Congressional Scorecard.

This amendment would extend and expand the irresponsible Trade Adjustment Assistance spending program. It is duplicative, inequitable, and inappropriate for a country devoted to free markets and a limited government. Because of this, we advocate the defeat of this amendment.

TAA is duplicative (and overly generous) because the unemployed already have access to 99 weeks of unemployment benefits thanks to the many extensions already passed by Congress. It's inequitable and inappropriate because TAA pays benefits to workers who lose their jobs due to trade (something that's difficult to calculate and susceptible to manipulation). No benefits are due a worker who lost his job to technology or competition (something we also don't advocate). Our country can neither afford this program, nor should the government be in the business of providing such a benefit.

Our Congressional Scorecard for the 111th 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.

Permalink: http://www.clubforgrowth.org/perm/?postID=15564
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Key Vote Alert - “YES” on the DeMint Amendment to repeal the renewable fuels standard and the death tax

Posted on Jun. 13, 11 | 05:25 PM by Barney Keller | Topic: Key Vote Alert Senate
KEY VOTE ALERT
"YES" ON THE DEMINT AMENDMENT TO REPEAL THE RENEWABLE FUELS STANDARD AND THE DEATH TAX

The Club for Growth strongly supports an amendment offered by Senator Tom Coburn to repeal the Volumetric Ethanol Excise Tax Credit (S. Amdt. 436 to S. 782) and urges all Senators to vote “YES” on passage of the amendment. Senator Coburn has filed a motion for cloture on this amendment, and we expect that the vote will take place Tuesday. This vote will be included in the Club for Growth’s 2011 Congressional Scorecard.

The Club for Growth also supports a separate amendment by Senator Jim DeMint (R-SC), that repeals both the renewable fuels standard and the death tax. If this amendment comes to a vote it will be considered as a Key Vote in our 2011 Congressional Scorecard.

We still strongly urge Senators to vote “YES” on the Coburn Amendment tomorrow and will be including it in our 2011 Congressional Scorecard, even if it is not clear whether the DeMint amendment will come to a vote or if the DeMint amendment comes to a vote and fails.


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.
Permalink: http://www.clubforgrowth.org/perm/?postID=15215
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Key Vote Alert - “YES” on Coburn Amendment to Repeal the Volumetric Ethanol Excise Tax Credit (S. Amdt. 436 to S. 782)

Posted on Jun. 10, 11 | 12:00 PM by Barney Keller | Topic: Key Vote Alert Senate
KEY VOTE ALERT
“YES” ON COBURN AMENDMENT TO REPEAL THE VOLUMETRIC ETHANOL EXCISE TAX CREDIT (S. AMDT. 436 TO S. 782)

The Club for Growth strongly supports an amendment offered by Senator Tom Coburn To repeal the Volumetric Ethanol Excise Tax Credit. (S. AMDT. 436 to S. 782) and urges all Senators to vote “YES” on passage of the amendment. Senator Coburn has filed a motion for cloture on this amendment, and we expect that the vote will take place Tuesday. This vote will be included in the Club for Growth’s 2011 Congressional Scorecard.

It’s time to end these economically irrational provisions for ethanol, which should be a first step in eliminating all government subsidies for energy production, including the abolition of government mandates on renewable fuel use. These mandates and subsidies distort capital investments, which harms energy production, energy efficiency and economic growth.

The subsidies that would be abolished by Sen. Coburn’s amendment are especially egregious and have survived eradication for far too long.


In addition, this amendment would repeal the tariff on imported ethanol.

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.
Permalink: http://www.clubforgrowth.org/perm/?postID=15206
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Key Vote Alert - "NO" on Economic Development Revitalization Act of 2011 (S. 782)

Posted on Jun. 06, 11 | 03:44 PM by Andrew Roth | Topic: Key Vote Alert Senate
KEY VOTE ALERT
"NO" ON ECONOMIC DEVELOPMENT REVITALIZATION
ACT OF 2011 (S. 782)

The Club for Growth strongly opposes the reauthorization of the Economic Development Revitalization Act (S. 782) and urges all Senators to vote "NO" on final passage. We expect the bill to be considered this week, perhaps as early as today. This vote will be included in the Club for Growth's 2011 Congressional Scorecard.

This bill reauthorizes 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.

A better alternative is to cut broad-based tax rates on individuals and businesses, 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.

UPDATE: On June 21, 2011, the Club for Growth issued a reminder that it was opposed to S. 782 and was scoring a "NO" on the cloture vote.
Permalink: http://www.clubforgrowth.org/perm/?postID=15192
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Key Vote Alert - Peter Diamond Nomination

Posted on May. 10, 11 | 10:06 AM by Andrew Roth | Topic: Key Vote Alert Senate

KEY VOTE ALERT
"NO" ON PETER DIAMOND NOMINATION (PN 52)

The Club for Growth opposes the nomination of Peter Diamond to the Federal Reserve's Board of Governors and urges all Senators to vote "NO" on his confirmation. If his nomination comes to the floor for a vote, it will be included in the Club for Growth's 2011 Congressional Scorecard.

One of the pillars of economic growth is stable money - the most important responsibility of the Federal Reserve Board. It is critically important for economic growth and prosperity that Congress ensures the law is followed and confirms only governors who have the expertise and the will to support stable money.

While the Fed should be an independent institution to ensure sound money, Diamond is an activist-Keynesian who believes in a much larger role for government involvement in the economy. Most notably, he supported a larger stimulus than the failed one that passed into law in 2009. And he supports government-run healthcare administered through agencies similar to Fannie Mae and Freddie Mac.

Also, if confirmed by the Senate, Peter Diamond would represent a region, Chicago, in which he has absolutely no true relationship. We believe this is a violation of the Federal Reserve Act, which says that members of the Board of Governors are supposed to represent different regions of the country. No two Governors can be from the same region, and Daniel Tarullo already represents Boston, where Diamond resides. This would set a new precedent that completely violates the intention of the Federal Reserve Act. In fact, his nomination should be withdrawn for this reason.

Cabinet officials and other key executive branch appointments are assumed to be people who agree with the President. However, the Federal Reserve Board is not an executive branch agency - in fact its authority is controlled by the congressional power to "regulate the Value [of Money]" derived from Article I Section 8 of the Constitution. We believe that Congress should therefore apply a different standard of care for such nominations.

Taking all of these points into consideration, we believe the Senate should reject Diamond's nomination.

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.

Permalink: http://www.clubforgrowth.org/perm/?postID=15084
Member Comments (1)

Key Vote Alert - Cap and Trade Regulations

Posted on Mar. 30, 11 | 11:51 AM by Andrew Roth | Topic: Key Vote Alert Senate

 

KEY VOTE ALERT
"YES" ON THE MCCONNELL AMENDMENT (#183) TO THE SMALL BUSINESS RESEARCH BILL (S 493)

 The Club for Growth urges all Senators to vote "YES" on the McConnell amendment (#183) to the SBIR/STTR Reauthorization Act of 2011 (S 493). We expect the amendment to be considered today or later this week. This vote will be included in the Club for Growth's 2011 Congressional Scorecard.

This amendment would prevent the Environmental Protection Agency from promulgating any regulation concerning climate change.

After being unable to pass a massive cap and trade scheme through Congress, the Obama Administration is trying to implement it under the guise of the EPA's regulatory authority. But such sweeping changes in the law should originate from the Congress so this amendment explicitly prevents the Administration from doing it. Implementing any kind of regulations on greenhouse gases has the potential to stifle the economy, expand the government's bureaucracy, and kill jobs.

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. 

Permalink: http://www.clubforgrowth.org/perm/?postID=14908
Member Comments (1)


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