Congressman Bill Posey (R-Rockledge) provided the following statement as he prepared to vote against the Waxman-Markey “Cap & Trade” National Energy Tax legislation. At press time it was uncertain if the bill would proceed to a final up or down vote as Democrat leaders were lacking the votes among their members to secure passage of the bill. The 1500 page energy tax bill was amended… Read more »
Congress should not be passing legislation that makes it more expensive for Americans to fill the gas tank and drive to Florida for a vacation. It should not pass legislation that raises airline fuel taxes and ticket taxes. And, it should not be mandating a $1,600-$3,000 energy tax on every family in America – especially now when our economy is struggling. But, that is exactly what… Read more »
A non-partisan educational foundation has created an online calculator to help families determine how much the Waxman/Markey “Cap & Trade” National Energy Tax bill will cost them every year. The Tax Foundation’s Household Cap-and-Trade Burden Calculator is based upon a study released in March which shows that a cap-and-trade system designed to reduce greenhouse gas emissions by 15… Read more »
Last night debate on the first of twelve spending proposals came to grinding halt when House leaders in the majority shut down the chamber for fear of having to vote on amendments to prevent further wasteful government spending. Members of Congress attempting to offer amendments to the $65 Billion Commerce, Justice, Science Appropriation bill quickly found themselves shut out of the… Read more »
Congressman Posey is a cosponsor of the Balanced Budget Amendment, legislation that would amend the U.S. Constitution to require the federal government to balance the budget every year by prohibiting Congress from spending more than it takes in annually. This proposed amendment would also require a three fifths vote by both houses of Congress in order to raise the public debt limit and… Read more »
Congressman Posey introduced the Child Tax Credit Preservation Act which makes the $1,000 per child tax credit permanent and requires that it be indexed to account for inflation each year. Rep. Posey was joined by Rep. Parker Griffith (D-AL) in introducing this bill. The idea behind the legislation is to help families plan for future expenses and to correct for the value of the credit… Read more »
Congressman Posey is a co-sponsor of the Spending Reform Act of 2009, which caps discretionary spending, eliminates wasteful and duplicative agencies, reforms entitlement programs and reforms the congressional earmark process.
The Spending Reform Act of 2009 is a starting point for both parties to work together to cut wasteful spending, begin balancing the federal budget and address… Read more »
Congressman Posey is a co-sponsor of H.R. 156, the Stop the Congressional Pay Raise Act, a bill to prevent Members of Congress from receiving any automatic pay adjustment in 2010.
Members of Congress automatically recieve a cost of living increase every year. This year a Congressional salary increases by $4,700. Congressman Posey pledged to return this year's increase to the United… Read more »
Congressman Posey is a cosponsor of H.R. 25, the Fair Tax Act of 2009 which repeals the income tax and other taxes, abolishes the Internal Revenue Service and replaces it with a national sales tax to be administered by the states. Congressman Posey is also a cosponsor of H.J. Res. 16, which proposes an amendment to the Constitution to repeal the 16th Amendment, which authorizes Congress… Read more »
Congressman Posey is a cosponsor of H.R. 301, legislation to make permanent the tax cut provisions passed by Congress in 2001 and 2003 including income tax reductions for all taxpayers, reductions in dividend and capital gain tax rates, deductions for state and local sales taxes, deductions for tuition and related expenses and increased expensing for depreciable business assets.
The… Read more »
