It is my hope that it will keep its focus on actual infrastructure and not simply an expansion of the welfare State, as has been proposed.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
Unfortunately, what he has delivered is a really partisan, classic, tax-and-spend liberal agenda.
The Administration wants Congress to spend $40 billion to upgrade public housing projects--places where people do not want to live.
There is no greater system than free enterprise for tearing down the barriers of class and status.
Before COVID, we had the best economy of my lifetime: more jobs than people looking for work and a record low poverty rate.
Another premise that seems to be implicit in some of the discussion we hear sometimes is that a company's profit comes at the expense of its workers.
The essence of human happiness is not just getting money, but creating value-in one's own life and in the lives of others.
One of the largest contributors to our Nation's success has been our free enterprise system, which certainly elevates the dignity of work.
Another terrible idea is the Biden administration's plan for a massive increase in the capital gains tax.
The idea is not consistent with the concept of a pluralistic, capitalist democracy.
One of the principal virtues of the true lender rule is that it creates a clear rule, provides certainty in advance about who is responsible for a loan.
The idea that we should forbid people from having access to loans because they cannot be trusted to make a good decision for themselves, does that strike you as a little bit patronizing and condescending?
In the last decade, we have seen financial technology companies--fintechs--driving new innovations in the financial markets.
Before COVID, Republican-led tax cuts spurred the greatest economy of our lifetime; record low unemployment for every demographic.
What do you tell a family who loses their job because new taxes on the rich corporations make their employer's business model no longer viable?
I would argue that the vision of creating jobs for all, as opposed to rewarding the inactivity of some who are politically connected, is part of what underlies this conversation.
The 2017 tax reform was guided by an underlying theory in terms of the design on the business side of that.
It would be okay to get back to the best economy of my lifetime. That would be a good thing to aspire to.





