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Giffords changes vote on bailout

By Jaime Richardson, Green Valley News
Published: Saturday, October 4, 2008 11:50 PM MDT
U.S. Rep. Gabrielle Giffords is among four Arizonan and dozens of other representatives who voted against the original version of a $700 billion financial bailout bill, but changed course and voted in favor of a revised version on Friday.

Arizona’s entire eight-member House delegation voted against the original version of the bailout on Monday when it was narrowly defeated, but the historic legislation — termed the Emergency Economic Stabilization Act — was approved Friday by a 263-171 vote. President Bush signed it into law Friday night.

Giffords said in a statement she still disagrees with many aspects of the measure, calling parts of legislation added by the Senate, which approved it Wednesday, “ridiculous,” but said “sitting on the sidelines and risking major economic collapse would be irresponsible.”

Giffords says the law would protect more than 42,000 middle-class families in Southern Arizona from having to pay up to $4,000 in higher taxes this year, and would also extend tax deductions for state and local sales and property taxes.

It would also increase the number of families who can qualify for the Child Tax Credit, which 53,000 Southern Arizonans claimed in 2005.

Giffords says an eight-year extension of the residential and commercial solar tax credits will stimulate the local economy by creating new jobs.


State Senate President Tim Bee, who is challenging Giffords’ congressional seat in the November elections, criticized Giffords for changing her vote after the solar tax credit — which she has long supported — was added to the bill.

“[Giffords’] vote to roll over taxpayers was bought with tax credits that a real leader would have passed months ago as part of an all of the above energy package,” said Bee in a statement.

Bee said that solar tax credits are important, but can “pass on their own without bailing out Wall Street.”

Three other Arizona congressmen — John Shadegg, a Republican, and Democrats Harry Mitchell and Ed Pastor — also changed their votes to support the bill.

Arizonans still casting “no” votes on Friday were Democrat Raul Grijalva and Republicans Jeff Flake, Trent Franks and Rick Renzi.

In the end, 33 Democrats and 25 Republicans switched from opposition to support. In all, 91 Republicans joined 172 Democrats to support the measure while 108 Republicans and 63 Democrats voted “no.”

The Associated Press contributed to this report.

jrichardson@gvnews.com | 547-9726



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The following are comments from the readers. In no way do they represent the view of gvnews.com.

Richard Humphries wrote on Oct 6, 2008 9:34 AM:

" Congresswoman Giffords:
I want you to know that I am disgusted with the passing of your 451 page
bailout bill. Wall Street has gone trick-or-treating in Washington a little
bit early this October. Wall Street is getting the treats and America is
getting tricked. The “Axis of Arrogance” has tried to pull the wool over the
eyes of the Main Streeters and in doing so hid a sty full of pork in a bill
whose constitutionality is questionable at best. It seems as if you folks in
Washington continue to treat your wallet as your tip jar and this has to
stop.

Just check out a few provisions in this bill:

Sec. 211. Transportation fringe benefit to bicycle commuters

Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico
and the Virgin Islands.

Sec. 309. Extension of economic development credit for American Samoa.

Sec. 312. Deduction allowable with respect to income attributable to
domestic production activities in Puerto Rico.

Sec. 317. Seven-year cost recovery period for a motorsports racing track
facility.

Sec. 322. Tax incentives for investment in the District of Columbia.

Sec. 325. Extension and modification of duty suspension on wool products;
wool research fund; wool duty refunds.

And what about the benefits to La Raza and ACORN?

Congresswoman Giffords, did you change your mind about this "bail-out" as a
result of it giving you lots of money for your solar-energy crusade here in
Arizona?

At a time when we are at “ground zero” and on the verge of an all out
financial collapse, I am disgusted that these provisions were made.

At a time when Congress had the opportunity to do something to help the
American economy, you lived up to your low approval rating. The only thing
we can thank Congress for right now is that you are consistent. Congress is
consistently spending money that doesn’t belong to it, consistently
expanding pork projects, consistently doing nothing to help rebuild the
American economy and consistently hurting the future of our country.
Ultimately, they are consistently ignoring their own values, principles and
beliefs and as a result, the American People are going to have to suffer.

Without the bailout there might have been some temporary hurt, but the long
term effect will be far worse because of the precedent this bill has set and
the “Bail-Aholics” it will create. Within minutes of the bill passing the
state of California was already in line asking to be the next recipient of a
Government hand out. We are creating an economy where you cannot fail and by
doing so disabling our ability to ever truly succeed.

I am afraid this is just the beginning of the bailouts. We must not go
silent into the night, we have to continue to fight and stand up against
these legislators.

My name is Richard Humphries and I approve of this message, most of which
was written by Mike Huckabee. "

Barbara wrote on Oct 8, 2008 10:36 AM:

" Yes the bailout is distasteful, but the alternative is a worse situation than we are now in. How far we've fallen in the eight Bush years! Thanks, Rep. Giffords. "

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