Sens. KBH, Cornyn Oppose Financial Takeover

AFP-Texas Praises Senators Kay Bailey Hutchison and John Cornyn
for Opposing Financial Takeover

In response to yesterday’s vote on the Dodd-Frank financial regulation bill, Americans for Prosperity-Texas Director Peggy Venable issued the following statement:

“We commend Senators Kay Bailey Hutchison and John Cornyn for holding firm and opposing the disastrous Obama-Dodd-Frank big bank bailout bill that will cost taxpayers billions.

“This bill will all but guarantee future bailouts. It does nothing about Fannie Mae and Freddie Mac. It takes the choice of ‘credit or debit’ away from consumers. It creates a new federal agency with thousands of bureaucrats that will tie up everyday financial transactions in red tape. It will not prevent another financial crisis, but it will dramatically expand the size, cost, and intrusiveness of the federal government.

“AFP-Texas members appreciate that Senators Hutchison and Cornyn opposed this terrible legislation, and when they struggle against the red tape of the bill’s new federal bureaucracy they will remember that it was the 60 senators who voted for the bill who are responsible.”

Cornyn says ObamaCare would be costly to Texans

As AFP members converge on Washington and the U.S. Capitol later this week, we would be wise to thank Sen. Cornyn for pointing out how costly ObamaCare would be for Texans:

U.S. Sen. John Cornyn, R-Texas, a member of the Senate Finance Committee, delivered his opening statement at the Finance Committee mark up of Chairman Baucus' health care reform bill. Among other remarks, Sen. Cornyn announced the findings of a report he requested from the Texas Health and Human Services Commission, which estimates that Chairman Baucus' health care proposal would have a devastating impact on Texas. It would increase Texas Medicaid costs by $20.4 billion over 10 years. Additionally, 2.5 million more Texans will end up on a government program.

Read it here http://cornyn.senate.gov/public/index.cfm?FuseAction=ForPress.NewsReleases&ContentRecord_id=e2d73004-802a-23ad-4283-9badc66523c8&Region_id=&Issue_id=

Texans will be among the citizens from across the country attending the Defending the American Dream Summit Oct 2 & 3.


-- Peggy Venable, Texas Director, Americans for Prosperity