Jack Conway on Jobs

20% hometown tax credit for cost of creating a new job

CONWAY: Chris, I'm proposing a hometown tax credit, a 20% tax credit, for the cost of creating a new job. I think it's important that Americans see that our government is not just growing but that we're providing the incentives for the private sector to grow us out of the recession. I also think that we need to get the small and community banks lending once again, because the government bailed out a bunch of big banks on Wall Street, and these regulators have come down awfully hard on the small communit banks.

PAUL: But here's the problem. You say you want new lending from small banks, but you support the banking regulation bill. The problem was with government banks--Fannie Mae, Freddie Mac--bad policy at the Federal Reserve caused the recession, caused the credit crunch. But yet Jack supports--President Obama supports--the new banking regulations, which every bank in Kentucky will tell you it wasn't our problem. No banks failed in Kentucky. But it's much harder to get a loan in Kentucky now.

Source: Fox News Sunday, 2010 Kentucky Senate debate Oct 3, 2010

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Page last updated: Oct 28, 2010