State of Louisiana Archives: on Corporations


Charles Melancon: Supported $30 billion small-business lending fund

Melancon voted for the Small Business Tax and Lending Bill, which established a $30 billion small-business lending fund administered by the U.S. Treasury. The money was directed to community banks to lend to small businesses.

Melancon is a former small businessman, having operated an insurance agency and several ice cream stores. "I had to worry about making payroll and staying in business and creating jobs," Melancon said.

Vitter didn't vote on the measure, saying his absence was equal to a "no" vote. The bill passed.

Vitter, who sits on the Senate Small Business and Entrepreneurship Committee, joined fellow Republicans in calling the measure another government bailout that would do little to stimulate small business and didn't provide enough tax breaks.

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

David Vitter: Small Business Tax and Lending Bill is a government bailout

Melancon voted for the Small Business Tax and Lending Bill, which established a $30 billion small-business lending fund administered by the U.S. Treasury. The money was directed to community banks to lend to small businesses.

Melancon is a former small businessman, having operated an insurance agency and several ice cream stores. "I had to worry about making payroll and staying in business and creating jobs," Melancon said.

Vitter didn't vote on the measure, saying his absence was equal to a "no" vote. The bill passed.

Vitter, who sits on the Senate Small Business and Entrepreneurship Committee, joined fellow Republicans in calling the measure another government bailout that would do little to stimulate small business and didn't provide enough tax breaks.

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

John Neely Kennedy: Disallow bank getting so big that its failure wrecks economy

Both candidates offered differing views of how to ease the national economic crisis. Kennedy said federal officials should suspend accounting rules that financial industry representatives blame for exacerbating the problems. He said Congress should put limits on the nation’s banks and lending firms. “Never again can we allow a financial institution to get so big that its failure can wreck our economy,” he said.
Source: 2008 Louisiana Senate Debate by Associated Press on NOLA.com Oct 16, 2008

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