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Chris Coons on Budget & Economy

 


TARP lending and SBA loans are positive & concrete steps

O'DONNELL: The best thing the government can do to get our economy back on real economic recovery is to get out of the way of the small business owner and get out of the way of the entrepreneur. And the way you do that is to make sure these tax hikes don't come in January. You begin to roll back some of the regulation that's forced them to close their doors.

COONS: I'm not sure I understand what Ms. O'Donnell means that her primary objective would be to end the endless regulation and red tape. She denounces the Obama administration, says it's done nothing to promote job growth when frankly, just a few weeks ago, a new bill that would provide expanded SBA loan capacity, $30 billion worth of new lending capability, TARP funds that have been repaid, and are being repurchased towards small and midsized banks all over the United States. Real and concrete steps are being taken.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate , Oct 13, 2010

My county was one of only 30 earning Triple-A bond rating

Q: As County Executive, you raised property taxes 3 times, 25% hike last year. You proposed new taxes on hotels, paramedic services, even 911 calls from cell phones. Is that true?

COONS: No. It's not true that we proposed a tax on the calls to the 911 center. Today, New Castle County has a surplus. When I became executive in '05, it had a deficit. I have worked hard over six years to defend a very significant reserve, which has made it possible for us to continue to have a Triple-A bond rating. Out of roughly 3,000 counties in America, roughly 30 have a Triple-A bond rating, and I reached a bipartisan solution that cut more in spending than was raised in taxes.

O'DONNELL: You've been criticized for saying that you brought the county to Triple A bond rating. You inherited that good rating.

COONS: Each time you go to the bond market, you are re-rated. Moody's said that it was because of the conservative fiscal policies of my administration that we have re-earned a Triple A bond rating.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate , Oct 13, 2010

Bailout was done too fast and put billions at risk

O'Donnell repeatedly emphasized her concerns over the growth of government and stressed "private-sector solutions" on a range of questions.

The Democrat pitched himself as independent of his party in Washington, saying, "I would not have supported the bailout," because he said it was done too fast and "put hundreds of billions of taxpayer dollars at risk."

Source: The Hill coverage of 2010 Delaware Senate debate , Sep 16, 2010

Supports the stimulus bill.

Coons supports the F2A survey question on the economic stimulus

Faith2Action.org is "the nation's largest network of pro-family groups." They provide election resources for each state, including Voter Guides and Congressional Scorecards excerpted here. The Faith2Action survey summarizes candidate stances on the following topic: 'American Recovery and Reinvestment Act of 2009 (the stimulus bill) '

Source: Faith2Action Survey 10-FF-q11 on Sep 19, 2010

Other candidates on Budget & Economy: Chris Coons on other issues:
DE Gubernatorial:
Jack Markell
DE Senatorial:
Christine O`Donnell
Tom Carper

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IA:Harkin(D)
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MT:Baucus(D)
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SD:Johnson(D)
WV:Rockefeller(D)

Retired as of Jan. 2013:
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ND:Conrad(D)
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Page last updated: Aug 05, 2014