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Ted Yoho on Budget & Economy
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Keynesian economics is no way to stimulate the economy
Q: Do you support spending on infrastructure projects for the purpose of job creation?A: No.
Q: Do you support the temporary extension of unemployment benefits?
A: No.
Q: Do you support the 2010 temporary extension of tax relief?
A: Yes. I do not believe in Keynesian economics as a way to stimulate the economy. I believe in the free markets and free enterprise system as the best way to stimulate the economy. This can be accomplished by reducing government regulation and mandates.
Source: Florida Congressional Election 2012 Political Courage Test
, Nov 1, 2012
Demand a Balanced Budget amendment.
Yoho signed the Contract From America
The Contract from America, clause 3. Demand a Balanced Budget:
Begin the Constitutional amendment process to require a balanced budget with a two-thirds majority needed for any tax hike.
Source: The Contract From America 10-CFA03 on Jul 8, 2010
Limit federal spending growth to per-capita inflation rate.
Yoho signed the Contract From America
The Contract from America, clause 6. End Runaway Government Spending:
Impose a statutory cap limiting the annual growth in total federal spending to the sum of the inflation rate plus the percentage of population growth.
Source: The Contract From America 10-CFA06 on Jul 8, 2010
Opposes federal stimulus spending.
Yoho opposes the PVS survey question on federal stimulus
Project Vote Smart infers candidate issue stances on key topics by summarizing public speeches and public statements. Congressional candidates are given the opportunity to respond in detail; about 11% did so in the 2012 races.
Project Vote Smart summarizes candidate stances on the following topic: 'Economy: Do you support federal spending as a means of promoting economic growth?'
Source: Project Vote Smart 12-PVS-qBE on Aug 30, 2012
Audit the Federal Reserve & its actions on mortgage loans.
Yoho co-sponsored Federal Reserve Transparency Act
The Federal Reserve Transparency Act directs:
- the completion, within 12 months, the audit of the Federal Reserve System and of the Federal Reserve Banks; with a detailed report of audit findings and conclusions.
- Audit and report on the loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Federal Reserve against supervised financial institutions.
- Prescribes audit contents, including:
- the guidance given by the Federal Reserve to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews,
- the factors considered by independent consultants when evaluating loan files and the results obtained pursuant to those reviews, and
- the determinations made by such consultants regarding the nature and extent of financial injury sustained by each homeowner as well as the level and type of remediation offered.
Source: H.R.24&S.209 13-HR0024 on Jan 3, 2013
Page last updated: Apr 15, 2013
