PAF
12-28-2013, 06:36 AM
Peter Thomas King (R), born April 5, 1944, is the U.S. Representative for New York's 2nd congressional district. King was born in Manhattan, raised in Sunnyside, Queens, New York, the son of Ethel M. (née Gittins) and Peter E. King.
Rep. King, an expected Republican Presidential challenger for 2016, said that Sen. Paul had "disgraced" his office by criticizing Gen. Clapper's inaccuracies and the NSA spying program. Rep. Peter King (R-N.Y.) says that Sen. Paul is a "disgrace" to the party and that journalists should face charges just like Snowden. He also says NSA reform is a bad idea.
King also characterized Sen. Paul as an extremist for opposing spying, stating, "[Sen. Paul is part of] the isolationist wing of the [Republican] party."
King views himself and Rep. Boehner as representative of the pro-spying "mainstream" Republican Party.
http://www.dailytech.com/Rep+King+Says+Sen+Paul+Disgraced+Of...
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Peter King voted YES on the Amendment: H.Amdt.5 - To add $33.677 billion in additional spending. This amendment, sponsored by Rep. Rodney Frelinghuysen (NJ-11), would add another $33 billion to the Disaster Relief Act, bringing the total spending in the bill to over $50 billion. Although the bill is supposedly to help the victims of Hurricane Sandy, the better portion of this amendment funds unrelated programs such as community development block grants. The "emergency" spending is also not offset, meaning that it will add to the federal deficit.
Peter King voted YES on the Resolution: H.Res. 99 - The rule providing for consideration of H.R. 933 (containing the Continuing Resolution to fund the United States government). This closed rule does allow for any extended debate or amendments to the CR, thus allowing a bill that spends at the rate of over $1 trillion per year to be passed without any input from individual Members of Congress on the floor of the House.
Peter King voted YES on Passage: H.R. 933 - Department of Defense, Military Construction and Veterans Affairs, and Full-Year Continuing Appropriations Act, 2013 (Continuing Resolution). This bill contains the Continuing Resolution (CR) to fund the federal government in lieu of a budget. The House, which controls the power of the purse, could have defunded ObamaCare or made any number of spending reforms through this bill to address the nation's massive annual deficits. Instead, the bill was brought to the floor under a closed rule that did not allow amendments or extended debate, and simply continued the current levels of spending under the law.
Peter King voted YES on Passage: H.R. 1947 - Federal Agriculture Reform and Risk Management Act (Farm Bill). The so-called "Farm Bill" is actually a combination of agricultural policy and welfare, with food stamps accounting for 80 percent of the bill's nearly trillion dollars in projected spending. Aside from failing to contain the multitude of faults within the rapidly-expanding food welfare programs, the agricultural portion of the bill is an amalgam of direct corporate welfare for insurance companies and farm corporations and special carve-outs and price supports for the specific industries with the best lobbyists.
Peter King voted NO on Agreeing to the Amendment: H.Amdt. 258 to H.R. 2609 - To eliminate $1.544 billion from funding for Renewable Energy, Energy Reliability and Efficiency, Nuclear Energy, and Fossil Energy Research and Development. This amendment by Rep. McClintock would cut $1.544 billion from various research and development programs for alternative energy. The free market can take care of researching and development the next generation of energy technologies far more efficiently than the federal government can, without the distorting effect of the government picking winners and losers.
Peter King voted YES on Passage: H.R. 2642 - Federal Agriculture Reform and Risk Management Act (Farm Bill). This version of the Farm Bill contains only the actual agricultural side of the earlier bill, leaving food stamps to be considered as their own bill. Unfortunately, this bill did not contain any significant reforms to the previous House bill, still containing billions in subsidies to farm corporations and dozens of special hand-outs to favored industries. The bill also creates a brand new, unnecessary, entitlement program, the "shallow-loss" crop insurance program.
Peter King voted NO on the Amendment: H.Amdt. 413 - to prevent the NSA from blanket metadata collection on Americans without specific authorization. This amendment, by Rep. Justin Amash (R-MI) protects a basic 4th Amendment right by requiring that the NSA can only gather electronic data from people who are actively under an investigation with approval of the FISA court. This is basic due process under the law - you need a specific warrant to search and seize an individual's physical property; the same should apply to that individual's communications and digital property.
Peter King voted NO Meadows Letter to Defund ObamaCare through the Continuing Resolution. Congressman Mark Meadows solicited signatures for a letter to Speaker Boehner, asking that the House Republicans stand firm in their commitment to defund ObamaCare through the Continuing Resolution (CR) to fund the federal government. Members who signed the letter affirmed their commitment to resist ObamaCare using a must-pass bill (the CR), rather than continuing to take ineffectual, symbolic votes to that effect.
Peter King voted YES Motion to Concur in Senate Amendments: H.R. 2775 - Continuing Appropriations Act, 2014. H.R. 2775 was used as the vehicle for the Continuing Resolution (CR) to fund the federal government. This bill funds the government fully (including ObamaCare) through January 15th of 2014, suspends the debt ceiling until February of 2014, and obliges both chambers of Congress to go to conference on a full-year budget. In other words, this CR allows for more uncontrolled spending and debt, with no reforms to either, does nothing to address ObamaCare, and potentially promises more future spending if a budget agreement is reached.
Peter King voted YES on Concurring in the Senate Amendment: H.J.Res. 59 - The Ryan/Murray Budget. This is the final House vote to pass the budget deal negotiated by Congressman Paul Ryan and Senator Patty Murray. The deal breaks the budget caps established in 2011 by $63 billion over two years, while claiming to contain a net deficit reduction over ten years by raising fees and making other minor cuts. With no guarantee that future congresses will obey the scheduled spending cuts, this bill delivers increases in both spending and taxes in exchange for no meaningful reforms.
Peter King voted YES on Passage: H.R. 4105 To apply the countervailing duty provisions of the Tariff Act of 1930 to nonmarket economy countries. FreedomWorks opposes this bill. It would allow the Department of Commerce to continue issuing countervailing duty (CVD) on imports from China, Vietnam and other countries deemed non-market economies (NMEs). H.R. 4105 would hurt U.S. consumers and importers while further escalating a trade war with China. Like other taxes, the cost of tariffs, including “countervailing duties” are only paid by consumers.
Peter King voted NO on Agreeing to the Amendment: H.Amdt.1003 - Substitute amendment containing the Republican Study Committee budget for FY 2013. The amendment would replace Paul Ryan's budget proposal, which does not balance until after 2040, with the Republican Study Committee's alternative proposal, which would balance in five years. The RSC's budget also simplifies the tax code, reforms Medicare and Social Security, and caps federal spending at just below 2008 levels. The RSC budget is the kind of aggressive but workable reform we need in order to get America back on the path to fiscal sustainability.
Peter King voted NO on the Amendment: H.Amdt.1039 - to eliminate the Economic Development Administration. This amendment would eliminate the Economic Development Administration (EDA), which is an obsolete program whose grants are being used by many Members of Congress to essentially create earmarks. Eliminating this useless program would also save over $500 million per year.
Peter King voted NO on the Amendment: H.Amdt.1065 - to cut Commerce, Science, & Justice appropriations by 1%. This amendment would cut Commerce, Science & Justice Appropriations across the board by 1%, for an annual savings of $321 billion.
Peter King voted YES on Motion to Suspend the Rules and Pass, as Amended: H.R. 2072 - To reauthorize the Export-Import Bank, and for other purposes. FreedomWorks opposes reauthorizing the Export-Import bank because it is essentially a corporate welfare program that hands out trade subsidies to politically connected companies. The government could better improve exports by reducing regulations and corporate taxation, which would render American manufacturing more competitive with the rest of the world.
Peter King voted NO on the Amendment: H.Amdt.1178 - to eliminate the Energy Efficiency and Renewable Energy Program. This amendment would eliminate the Energy Efficiency and Renewable Energy Program, which directly subsidizes green energy companies. This program is pure corporate welfare, with the government picking winners and losers in the energy sector, and eliminating it would save taxpayers $1.45 billion annually.
Peter King voted NO on the Amendment: H.Amdt. 1185 - To defund the Fossil Fuel Research and Development programs. This amendment would eliminate much of the Department of Fossil Energy, another federal agency which uses taxpayer dollars to subsidize green energy research. This would save nearly half a billion dollars in 2013, and return more research and development to the private sector where it belongs.
Peter King voted NO on the Amendment: H.Amdt.1217 - to cut $3.1 billion from Energy and Water appropriations. This amendment would cut nearly 10% from the Energy and Water Appropriations bill, for an annual savings of $3.1 billion. This cut would comply with the Republican Study Committee's budget, which aims to balance the federal budget in five years.
Peter King voted NO on Broun of Georgia Motion to Instruct Conferees: H.R. 4348 - to require that transportation spending be capped. This motion would instruct the House conferees to insist upon capping highway spending at the amount taken in by the gas tax. The gas tax was intended to be the sole revenue source for the Highway Trust Fund, but the federal government has routinely outspent their revenue supply in the past decades, requiring periodic bailouts of the Trust Fund.
Peter King voted YES on Passage: H.R. 5972 Making appropriations for the Departments of Transportation, and Housing and Urban Development. This bill provides funding for the Departments of Transportation and Housing & Urban Development. It increases funding for such unnecessary programs as Amtrak, the Essential Air Service, and community development block grants. The bill fails to make any real cuts to spending, in spite of the country's massive deficits.
Peter King voted YES on Agreeing to the Conference Report: H.R. 4348 - To provide an extension of Federal-aid highway ... transit, and other programs. FreedomWorks opposes this bill because it reauthorizes federal highway spending at a level that far exceeds its revenue from the gas tax. This bill also includes an amendment which continues the artificial lowering of student loan rates, a practice which encourages students to incur debt that they cannot afford to pay back.
Peter King voted YES on Concurring with the Senate Amendments: H.R. 8 - Taxpayer Relief Act of 2012. This bill is the vehicle for the deal brokered by Senator McConnell and Vice President Biden to avert the "fiscal cliff". While it extends the 2001, 2003 and 2009 tax cuts and credits for most Americans, it allows them to expire on those earning over $450,000 per year. The bill also contains a $30 billion extension of unemployment benefits, and reauthorizes the 2008 Farm Bill for nine months. H.R. 8 allows the payroll tax holiday to expire, effectively raising taxes on 77% of taxpayers, yet extends dozens of tax credits and deductions that amount to corporate welfare for special interests. It also fails to extend the Bush-era tax cuts to all Americans, thus raising taxes at a time when economic growth is desperately needed.
Peter King voted NO on Agreeing: H.Amdt.169 to prevent the 2011 budget to pay for inflated union wages. This bill would prevent any projects in the 2011 budget from being required to comply with Davis-Bacon wage requirements. Davis-Bacon is a leftover from the New Deal era which costs taxpayers billions of dollars each year because it requires government contractors to pay "local prevailing wages" for every project, which usually leads to expensive union labor receiving the contracts.
Peter King voted NO on Agreeing: H.Amdt.397 to reduce spending of the legislation by 10%. Key Vote: The amendment to Homeland Security appropriations would cut funding to that department by 10% across the board. This would save over $3.5 billion from current funding levels. Bill: The amendment offered by Rep. Rokita would cut homeland security funding by 10 percent across the board. The total savings would be $2.47 billion off the base bill and $3.54 billion from current spending levels.
Peter King voted YES on Passage: H R 2346 Supplemental Appropriations, FY 2009. The bill includes a $100 billion International Monetary Fund (IMF) bailout. The bill contains funding for other projects that should not be used as a vehicle to ram IMF funding through Congress. Using this method to get the IMF funding passed is dirty Washington politics and law makers should reject it.
Peter King voted YES on Motion to Concur: H R 1256 Family Smoking Prevention and Tobacco Control Act. This legislation marks a radical increase in power for the Food and Drug Administration, additional growth of government, and a significant intrusion by government into the daily lives and decisions of its citizens.
Peter King voted YES on Agreeing to the Senate Amendment: H.R. 3997 - Emergency Economic Stabilization Act of 2008 (1st T.A.R.P. vote) . This bill is a vehicle for the massive government bank bailout, including the Troubled Assets Relief Program (T.A.R.P.). Bailing out banks that have made bad investments distorts the free market by creating a 'moral hazard'. If banks know that the government will bail them out of their bad decisions just because they are "too big to fail", they have no incentive to make wise investment decisions. FreedomWorks has double-weighted votes against this bill.
Peter King voted YES on Motion to Concur with Senate Amendments: H.R. 1424 Emergency Economic Stabilization Act of 2008 (2nd T.A.R.P. Vote). This bill would provide a $700 billion bailout for the financial industry. FreedomWorks strongly opposes this bill because it rewards those institutions which caused the financial collapse in the first place by making reckless loans. Bailing them out creates the moral hazard that these banks and lenders will recognize that they can continue to make risky loans without fear of consequences as long as they are "too big to fail".
Peter King voted YES on Passage: H.R. 7321 - Auto Industry Financing and Restructuring Act (Auto Bailout). This legislation would provide $14 billion in taxpayer loans to eligible U.S. automakers.
Peter King voted YES on Passage: H R 3963 Children’s Health Insurance Program Reauthorization Act. This bill calls for $50 billion in new funding for the program that far exceeds the $5 billion requested by the President. In addition to greatly expanding a program that was originally designed to be a limited contribution to State health services, this bill would be a giant step toward government controlled health care.
____
For a list of all potential candidates:
http://www.ronpaulforums.com/showthread.php?436594-2016-Potential-Presidential-Candidates-List-And-Information
Rep. King, an expected Republican Presidential challenger for 2016, said that Sen. Paul had "disgraced" his office by criticizing Gen. Clapper's inaccuracies and the NSA spying program. Rep. Peter King (R-N.Y.) says that Sen. Paul is a "disgrace" to the party and that journalists should face charges just like Snowden. He also says NSA reform is a bad idea.
King also characterized Sen. Paul as an extremist for opposing spying, stating, "[Sen. Paul is part of] the isolationist wing of the [Republican] party."
King views himself and Rep. Boehner as representative of the pro-spying "mainstream" Republican Party.
http://www.dailytech.com/Rep+King+Says+Sen+Paul+Disgraced+Of...
____
Peter King voted YES on the Amendment: H.Amdt.5 - To add $33.677 billion in additional spending. This amendment, sponsored by Rep. Rodney Frelinghuysen (NJ-11), would add another $33 billion to the Disaster Relief Act, bringing the total spending in the bill to over $50 billion. Although the bill is supposedly to help the victims of Hurricane Sandy, the better portion of this amendment funds unrelated programs such as community development block grants. The "emergency" spending is also not offset, meaning that it will add to the federal deficit.
Peter King voted YES on the Resolution: H.Res. 99 - The rule providing for consideration of H.R. 933 (containing the Continuing Resolution to fund the United States government). This closed rule does allow for any extended debate or amendments to the CR, thus allowing a bill that spends at the rate of over $1 trillion per year to be passed without any input from individual Members of Congress on the floor of the House.
Peter King voted YES on Passage: H.R. 933 - Department of Defense, Military Construction and Veterans Affairs, and Full-Year Continuing Appropriations Act, 2013 (Continuing Resolution). This bill contains the Continuing Resolution (CR) to fund the federal government in lieu of a budget. The House, which controls the power of the purse, could have defunded ObamaCare or made any number of spending reforms through this bill to address the nation's massive annual deficits. Instead, the bill was brought to the floor under a closed rule that did not allow amendments or extended debate, and simply continued the current levels of spending under the law.
Peter King voted YES on Passage: H.R. 1947 - Federal Agriculture Reform and Risk Management Act (Farm Bill). The so-called "Farm Bill" is actually a combination of agricultural policy and welfare, with food stamps accounting for 80 percent of the bill's nearly trillion dollars in projected spending. Aside from failing to contain the multitude of faults within the rapidly-expanding food welfare programs, the agricultural portion of the bill is an amalgam of direct corporate welfare for insurance companies and farm corporations and special carve-outs and price supports for the specific industries with the best lobbyists.
Peter King voted NO on Agreeing to the Amendment: H.Amdt. 258 to H.R. 2609 - To eliminate $1.544 billion from funding for Renewable Energy, Energy Reliability and Efficiency, Nuclear Energy, and Fossil Energy Research and Development. This amendment by Rep. McClintock would cut $1.544 billion from various research and development programs for alternative energy. The free market can take care of researching and development the next generation of energy technologies far more efficiently than the federal government can, without the distorting effect of the government picking winners and losers.
Peter King voted YES on Passage: H.R. 2642 - Federal Agriculture Reform and Risk Management Act (Farm Bill). This version of the Farm Bill contains only the actual agricultural side of the earlier bill, leaving food stamps to be considered as their own bill. Unfortunately, this bill did not contain any significant reforms to the previous House bill, still containing billions in subsidies to farm corporations and dozens of special hand-outs to favored industries. The bill also creates a brand new, unnecessary, entitlement program, the "shallow-loss" crop insurance program.
Peter King voted NO on the Amendment: H.Amdt. 413 - to prevent the NSA from blanket metadata collection on Americans without specific authorization. This amendment, by Rep. Justin Amash (R-MI) protects a basic 4th Amendment right by requiring that the NSA can only gather electronic data from people who are actively under an investigation with approval of the FISA court. This is basic due process under the law - you need a specific warrant to search and seize an individual's physical property; the same should apply to that individual's communications and digital property.
Peter King voted NO Meadows Letter to Defund ObamaCare through the Continuing Resolution. Congressman Mark Meadows solicited signatures for a letter to Speaker Boehner, asking that the House Republicans stand firm in their commitment to defund ObamaCare through the Continuing Resolution (CR) to fund the federal government. Members who signed the letter affirmed their commitment to resist ObamaCare using a must-pass bill (the CR), rather than continuing to take ineffectual, symbolic votes to that effect.
Peter King voted YES Motion to Concur in Senate Amendments: H.R. 2775 - Continuing Appropriations Act, 2014. H.R. 2775 was used as the vehicle for the Continuing Resolution (CR) to fund the federal government. This bill funds the government fully (including ObamaCare) through January 15th of 2014, suspends the debt ceiling until February of 2014, and obliges both chambers of Congress to go to conference on a full-year budget. In other words, this CR allows for more uncontrolled spending and debt, with no reforms to either, does nothing to address ObamaCare, and potentially promises more future spending if a budget agreement is reached.
Peter King voted YES on Concurring in the Senate Amendment: H.J.Res. 59 - The Ryan/Murray Budget. This is the final House vote to pass the budget deal negotiated by Congressman Paul Ryan and Senator Patty Murray. The deal breaks the budget caps established in 2011 by $63 billion over two years, while claiming to contain a net deficit reduction over ten years by raising fees and making other minor cuts. With no guarantee that future congresses will obey the scheduled spending cuts, this bill delivers increases in both spending and taxes in exchange for no meaningful reforms.
Peter King voted YES on Passage: H.R. 4105 To apply the countervailing duty provisions of the Tariff Act of 1930 to nonmarket economy countries. FreedomWorks opposes this bill. It would allow the Department of Commerce to continue issuing countervailing duty (CVD) on imports from China, Vietnam and other countries deemed non-market economies (NMEs). H.R. 4105 would hurt U.S. consumers and importers while further escalating a trade war with China. Like other taxes, the cost of tariffs, including “countervailing duties” are only paid by consumers.
Peter King voted NO on Agreeing to the Amendment: H.Amdt.1003 - Substitute amendment containing the Republican Study Committee budget for FY 2013. The amendment would replace Paul Ryan's budget proposal, which does not balance until after 2040, with the Republican Study Committee's alternative proposal, which would balance in five years. The RSC's budget also simplifies the tax code, reforms Medicare and Social Security, and caps federal spending at just below 2008 levels. The RSC budget is the kind of aggressive but workable reform we need in order to get America back on the path to fiscal sustainability.
Peter King voted NO on the Amendment: H.Amdt.1039 - to eliminate the Economic Development Administration. This amendment would eliminate the Economic Development Administration (EDA), which is an obsolete program whose grants are being used by many Members of Congress to essentially create earmarks. Eliminating this useless program would also save over $500 million per year.
Peter King voted NO on the Amendment: H.Amdt.1065 - to cut Commerce, Science, & Justice appropriations by 1%. This amendment would cut Commerce, Science & Justice Appropriations across the board by 1%, for an annual savings of $321 billion.
Peter King voted YES on Motion to Suspend the Rules and Pass, as Amended: H.R. 2072 - To reauthorize the Export-Import Bank, and for other purposes. FreedomWorks opposes reauthorizing the Export-Import bank because it is essentially a corporate welfare program that hands out trade subsidies to politically connected companies. The government could better improve exports by reducing regulations and corporate taxation, which would render American manufacturing more competitive with the rest of the world.
Peter King voted NO on the Amendment: H.Amdt.1178 - to eliminate the Energy Efficiency and Renewable Energy Program. This amendment would eliminate the Energy Efficiency and Renewable Energy Program, which directly subsidizes green energy companies. This program is pure corporate welfare, with the government picking winners and losers in the energy sector, and eliminating it would save taxpayers $1.45 billion annually.
Peter King voted NO on the Amendment: H.Amdt. 1185 - To defund the Fossil Fuel Research and Development programs. This amendment would eliminate much of the Department of Fossil Energy, another federal agency which uses taxpayer dollars to subsidize green energy research. This would save nearly half a billion dollars in 2013, and return more research and development to the private sector where it belongs.
Peter King voted NO on the Amendment: H.Amdt.1217 - to cut $3.1 billion from Energy and Water appropriations. This amendment would cut nearly 10% from the Energy and Water Appropriations bill, for an annual savings of $3.1 billion. This cut would comply with the Republican Study Committee's budget, which aims to balance the federal budget in five years.
Peter King voted NO on Broun of Georgia Motion to Instruct Conferees: H.R. 4348 - to require that transportation spending be capped. This motion would instruct the House conferees to insist upon capping highway spending at the amount taken in by the gas tax. The gas tax was intended to be the sole revenue source for the Highway Trust Fund, but the federal government has routinely outspent their revenue supply in the past decades, requiring periodic bailouts of the Trust Fund.
Peter King voted YES on Passage: H.R. 5972 Making appropriations for the Departments of Transportation, and Housing and Urban Development. This bill provides funding for the Departments of Transportation and Housing & Urban Development. It increases funding for such unnecessary programs as Amtrak, the Essential Air Service, and community development block grants. The bill fails to make any real cuts to spending, in spite of the country's massive deficits.
Peter King voted YES on Agreeing to the Conference Report: H.R. 4348 - To provide an extension of Federal-aid highway ... transit, and other programs. FreedomWorks opposes this bill because it reauthorizes federal highway spending at a level that far exceeds its revenue from the gas tax. This bill also includes an amendment which continues the artificial lowering of student loan rates, a practice which encourages students to incur debt that they cannot afford to pay back.
Peter King voted YES on Concurring with the Senate Amendments: H.R. 8 - Taxpayer Relief Act of 2012. This bill is the vehicle for the deal brokered by Senator McConnell and Vice President Biden to avert the "fiscal cliff". While it extends the 2001, 2003 and 2009 tax cuts and credits for most Americans, it allows them to expire on those earning over $450,000 per year. The bill also contains a $30 billion extension of unemployment benefits, and reauthorizes the 2008 Farm Bill for nine months. H.R. 8 allows the payroll tax holiday to expire, effectively raising taxes on 77% of taxpayers, yet extends dozens of tax credits and deductions that amount to corporate welfare for special interests. It also fails to extend the Bush-era tax cuts to all Americans, thus raising taxes at a time when economic growth is desperately needed.
Peter King voted NO on Agreeing: H.Amdt.169 to prevent the 2011 budget to pay for inflated union wages. This bill would prevent any projects in the 2011 budget from being required to comply with Davis-Bacon wage requirements. Davis-Bacon is a leftover from the New Deal era which costs taxpayers billions of dollars each year because it requires government contractors to pay "local prevailing wages" for every project, which usually leads to expensive union labor receiving the contracts.
Peter King voted NO on Agreeing: H.Amdt.397 to reduce spending of the legislation by 10%. Key Vote: The amendment to Homeland Security appropriations would cut funding to that department by 10% across the board. This would save over $3.5 billion from current funding levels. Bill: The amendment offered by Rep. Rokita would cut homeland security funding by 10 percent across the board. The total savings would be $2.47 billion off the base bill and $3.54 billion from current spending levels.
Peter King voted YES on Passage: H R 2346 Supplemental Appropriations, FY 2009. The bill includes a $100 billion International Monetary Fund (IMF) bailout. The bill contains funding for other projects that should not be used as a vehicle to ram IMF funding through Congress. Using this method to get the IMF funding passed is dirty Washington politics and law makers should reject it.
Peter King voted YES on Motion to Concur: H R 1256 Family Smoking Prevention and Tobacco Control Act. This legislation marks a radical increase in power for the Food and Drug Administration, additional growth of government, and a significant intrusion by government into the daily lives and decisions of its citizens.
Peter King voted YES on Agreeing to the Senate Amendment: H.R. 3997 - Emergency Economic Stabilization Act of 2008 (1st T.A.R.P. vote) . This bill is a vehicle for the massive government bank bailout, including the Troubled Assets Relief Program (T.A.R.P.). Bailing out banks that have made bad investments distorts the free market by creating a 'moral hazard'. If banks know that the government will bail them out of their bad decisions just because they are "too big to fail", they have no incentive to make wise investment decisions. FreedomWorks has double-weighted votes against this bill.
Peter King voted YES on Motion to Concur with Senate Amendments: H.R. 1424 Emergency Economic Stabilization Act of 2008 (2nd T.A.R.P. Vote). This bill would provide a $700 billion bailout for the financial industry. FreedomWorks strongly opposes this bill because it rewards those institutions which caused the financial collapse in the first place by making reckless loans. Bailing them out creates the moral hazard that these banks and lenders will recognize that they can continue to make risky loans without fear of consequences as long as they are "too big to fail".
Peter King voted YES on Passage: H.R. 7321 - Auto Industry Financing and Restructuring Act (Auto Bailout). This legislation would provide $14 billion in taxpayer loans to eligible U.S. automakers.
Peter King voted YES on Passage: H R 3963 Children’s Health Insurance Program Reauthorization Act. This bill calls for $50 billion in new funding for the program that far exceeds the $5 billion requested by the President. In addition to greatly expanding a program that was originally designed to be a limited contribution to State health services, this bill would be a giant step toward government controlled health care.
____
For a list of all potential candidates:
http://www.ronpaulforums.com/showthread.php?436594-2016-Potential-Presidential-Candidates-List-And-Information