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Cal Dooley on Budget & Economy

Former Democratic Representative (CA-20)


Voted YES on restricting bankruptcy rules.

Vote to pass the bill that would require debtors who are able to pay back $10,000 or 25 percent of their debts over five years to file under Chapter 13, rather then seeking to discharge their debts under Chapter 7. Chapter 13, calls for a reorganization of debts under a repayment plan. A Debtor would be restricted, in this bill, to a total exemption of $125,000 in home equity for residences bought within 40 months of a bankruptcy filing. The bill also would establish permanent and retroactive Chapter 12 bankruptcy relief for farmers.
Reference: Bankruptcy Abuse Prevention and Consumer Protection Act; Bill S 1920 ; vote number 2004-10 on Jan 28, 2004

Balance debt reduction, tax relief, & policy investment.

Dooley signed the Senate New Democrat Coalition letter to Pres.-Elect Bush:

Dear President-Elect Bush,

Members of the Senate New Democrat Coalition and the House New Democrat Coalition are interested in working with you to develop a responsible fiscal policy. We are proud of our records of fiscal discipline that have helped to produce the unprecedented surpluses for our country. We believe that continuing to use part of the surplus to pay down our national debt is a moral obligation that we owe to future generations. As New Democrats, we believe that a delicate balance can be struck between maintaining fiscal discipline, paying down our national debt, responding to the publicís understandable desire for common-sense tax relief and making important investments in our future. We are convinced that your stated goal of providing an excessive tax cut will lead to less debt reduction. This in turn would lead to higher interest rates resulting in lower capital investment and productivity growth and ultimately a lower standard of living for all Americans. We are ready, however, to work with you on a smaller package of tax cuts designed specifically to stimulate our slowing economy in the short run while protecting Social Security and Medicare. In the longer term we are eager to work with you on a policy that encourages individual savings and investment, invests in college education tax credits, promotes research and development and bridges the technology gap that exists in our country today.

Source: Senate New Democrat Coalition letter to Pres.-Elect Bush 01-SNDC2 on Jan 11, 2001

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Other candidates on Budget & Economy: Cal Dooley on other issues:
CA Gubernatorial:
Arnold Schwarzenegger
CA Senatorial:
Barbara Boxer
Bill Jones
Dianne Feinstein
Jim Gray

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George W. Bush (GOP)
V.P.Dick Cheney (GOP-V.P.)
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Sen.John Edwards (Dem.V.P.)
Ralph Nader (Reform)
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