PLYMCO_PILGRIM
Gold Member
....on radio station 96.9 wxtk and I asked him why he supports the wall street reform bill and he answered with this (paraphrased from memory)
I may have got some of that wrong and I know i left some of his talking points on it out but that is basically what he had to say.
In my opinion he has good motives but I still find his judgment in supporting this bill to be bad.
scott brown on 96.9 said:This bill is not funded through higher taxes, which, as you know, is a non-starter with me anytime. During committee negotiations a $19 billion tax increase was slipped into the 2,300 page legislation and this was simply unacceptable to me. I could not support the bill until this tax was removed and it was.
he also gave a bullet type response of good stuff he liked in the bill
1) An audit of the Federal Reserve to examine the emergency lending that took place during the heart of the financial crisis
2) New requirements that take steps toward ending the "too big to fail" mentality among banks
3) Helps end bailouts so American taxpayers never again have to be on the hook
4) Measures that prevent banks from acting like casinos by eliminating loopholes that allowed risky and abusive practices to go on unnoticed and unregulated
As I said when I first came to Washington, I remain committed to reviewing each and every piece of legislation that comes before me and make sure it's good for my state, doesn't raise taxes and helps our economy. As I have done during my short time in office, I will continue to approach each bill in an open-minded manner.
I may have got some of that wrong and I know i left some of his talking points on it out but that is basically what he had to say.
In my opinion he has good motives but I still find his judgment in supporting this bill to be bad.
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