At a joint hearing of the Agriculture and Financial Services Committee today, Congressman Bill Posey (R-Rockledge) questioned Treasury Secretary Tim Geithner on the effectiveness of the $1.2 trillion stimulus in light of the rising unemployment rate and low levels of consumer confidence.
“Unemployment is at a 26 year high of 9.5% and consumer confidence is still relatively low,” said… Read more »
Congressman Posey introduced the Deficit Reduction Check-off Act (H.R. 4308), legislation to add a new “Deficit Reduction Check-Off” line to IRS tax forms. Individuals would be given the opportunity to direct up to $10 of their tax rebate/refund for deficit reduction ($20 for joint filers). While the individual’s tax return would only be reduced by a maximum of $10, Posey’s bill directs… 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 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 joined with Congresswoman Suzanne Kosmas in introducing H.R. 2259, the Stop the Revolving Door in Washington Act which would double the “cooling off” period before former members of the U.S. House of Representatives can begin lobbying Congress. Currently, House members are only required to wait one year before beginning to lobby their former colleagues, while Senators… Read more »
Congressman Posey is an Original Cosponsor of the H.R. 1207, Federal Reserve Transparency Act, which to would eliminate restrictions on Government Accountability Office (GAO) audits of the Federal Reserve and open Federal Reserve operations to enhanced scrutiny. By opening all Federal Reserve operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the… Read more »
On March 12, 2009 Congressman Posey introduced H.R. 1503, a bill to amend the Federal Election Campaign Act to require beginning in 2012, the principal campaign committee of a candidate for election to the Office of President to include with the committee's statement of organization documentation (including a birth certificate) as may be necessary to establish that the candidate meets the… Read more »
Congressman Bill Posey (R-Rockledge) released the following statement regarding the $3.555 Trillion budget which passed the House today:
“I’m disappointed with the budget conference report before the House today. It’s a $3.555 Trillion budget and leaves a $1.233 Trillion deficit for the year 2010. This budget increases taxes by $1.5 Trillion over the next 10 years and the Majority… Read more »
