Senator David Vitter

Economy

We are facing a serious economic downturn in our nation. Unfortunately, the fixes advanced by the congressional leadership and the White House are going down the wrong path. Even the Congressional Budget Office predicted the recent so-called stimulus would result in a net loss to our economy, yet even more federal bailouts and bloated spending may be on the way.

I believe we need to stop the massive growth of government spending and shift our focus to efforts that can truly promote job growth. Here are a few things I am working on to advance economic recovery:

Leading the fight against the second half of the $700 billion Wall Street bailout.

Reducing taxes on families and businesses so that money stays in our economy to help create jobs instead of funding the Washington bureaucracy.

Eliminating duplicative and unnecessary regulations that hinder business growth and create heavy compliance costs.

Focusing our spending on real infrastructure investments that would help promote economic growth and stop spending on wasteful projects like new cars for federal employes that were included in the so-called stimulus bill.