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Taxes & Fiscal Responsibility

House Acts to Save $1.4 Billion by Eliminating Taxpayer Financing of Presidential Campaigns

| Posted in Press Releases

With the support of Congressman Bill Posey, the House of Representatives yesterday overwhelmingly passed legislation to end taxpayer financing of presidential campaigns and party conventions. “During his State of the Union Address last night, the President said he was willing to eliminate whatever we can honestly afford to do without,” said Congressman Posey. “Public funding of…

Congressman Posey’s Statement on the State of the Union Address

| Posted in Press Releases

Congressman Bill Posey released the following statement in regards to tonight’s State of the Union Address: “It was a good speech but the real test will come in a few weeks when we see if the President’s budget plan matches up with what was said tonight,” said Congressman Posey. “We need to enact policies which will create the right kind of environment for businesses of every size…

Posey Sworn-in for Second Term in U.S. House of Representatives

| Posted in Press Releases

U.S. Representative Bill Posey (R-Rockledge) was sworn-in this afternoon for a second term as a Member of the United States House of Representatives vowing to make job creation and accountability his top priorities. Today marks a shift in control of the House as Representative John Boehner (R-OH) becomes the new Speaker with a 242 –193 Republican majority. The first order of the House…

Posey Supports Passage of Current Tax Relief, Will Vote Against Pork-Laden Omnibus Spending Bill

| Posted in Press Releases

With the support of Congressman Bill Posey (R-Rockledge), the House of Representatives passed legislation to extend the current income tax rates for all Americans, avoiding what would have amounted to the largest tax increase in history. Passage of this bill amounts to several hundred dollars per month in continued lower taxes for the average family. Posey committed to vote against the…

House Tells Small Businesses to Take a ‘Tax’ Hike

| Posted in Press Releases

Today the House of Representatives considered legislation to extend current tax relief for some taxpayers while raising taxes on others, including several million small businesses which create nearly 65% of all new jobs.  Passage of this bill is not likely in the U.S. Senate where 42 Senators signed a letter to Senate leaders pledging to block the inadequate House bill. Congressman Bill…

House Votes to Adjourn without Addressing Massive Tax Increases

| Posted in Press Releases

By a one-vote margin, the U.S. House of Representatives adjourned without addressing many pressing issues facing the American people including a massive $4 Trillion tax increase set to take effect January 1, 2011. Postponing action on this tax relief will hinder economic recovery and job creation. Failure to act will cost the 15th Congressional District about $1.3 billion over the next 10…

New Report Cites Stimulus Waste, Need for Accountability and More Transparency

| Posted in Press Releases

A new study conducted by Senators Tom Coburn (OK) and John McCain (AZ) details 100 projects funded through taxpayer dollars in the $786 billion stimulus bill passed by Congress in February 2009. The stimulus, which was only made public 12 hours before debate began on the floor of the House of Representatives, was sold to Members of Congress and the public as a way fund shovel ready…

Financial Reform Bill Lacks Accountability, Guarantees Future Taxpayer Bailouts

| Posted in Press Releases

Today the House narrowly passed H.R. 4173, the Restoring American Financial Stability Act of 2010, which codifies into law the principle of “Too Big to Fail” when it comes to troubled Wall Street financial firms and puts the American taxpayer on the hook for future bailouts. The legislation dips into the TARP fund for nearly $20 billion, using it as a slush fund and guaranteeing that it…

House Majority Says Middle Class Americans May Bear Burden of Big Government Agenda

| Posted in Press Releases

The House Majority Leader Steny Hoyer (D-MD) announced yesterday that the House will not craft a budget this year but will look into raising taxes on middle class Americans as Congress continues record level deficit spending with no end in sight. “I can understand how many Americans would perceive this to be a slap in the face,” said Congressman Bill Posey (R-FL). “Congress is moving…

Posey Applauds Speaker’s New Ban on House Members Flying First Class

| Posted in Press Releases

Congressman Bill Posey (R-Rockledge) applauded Speaker Nancy Pelosi’s new House rules change that bans all Members of Congress from flying first class on the taxpayer’s dime. To help the Speaker enforce the new rules, Posey is offering an amendment to the FY 2011 Defense Authorization bill which requires the Speaker to lead by example and also fly coach, a move that would save taxpayers…

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