Charlie Melancon (D-LA)

Opinion Source Information:

From Melancon's Website:

Today, we are facing an economic crisis more serious than any since the Great Depression,” said Rep. Melancon. “Last month alone, almost 600,000 Americans lost their jobs and unemployment in Louisiana has risen to 5.9%. With so many people hurting, we can’t afford to sit back and wait for the perfect solution to come along. We must take bold action now to stop the downward spiral.

Opinion Source Information:

From Melancon's Website

The bill that passed the House today will hold accountable companies that accepted TARP money, and I strongly support it. If AIG won’t act responsibly and return the bonuses, we will use every tool available to make them repay the American public.

Opinion Source Information:

From Melancon's Website

U.S. Rep. Charlie Melancon (D-LA) voted today for final passage of H.R. 1, the American Economic Recovery and Reinvestment Plan, also known as the Economic Stimulus Bill.

“Today, we are facing an economic crisis more serious than any since the Great Depression,” said Rep. Melancon. “Last month alone, almost 600,000 Americans lost their jobs and unemployment in Louisiana has risen to 5.9%. With so many people hurting, we can’t afford to sit back and wait for the perfect solution to come along. We must take bold action now to stop the downward spiral.

“The people of south Louisiana sent me to Congress because I promised to listen to them and do what I thought was right, not what was most popular or what my party told me to do. This plan, while far from perfect, will create or save an estimated 50,000 jobs in Louisiana, invest over $538 million in infrastructure projects for our state, and lay a foundation for long-term growth for our country through innovation and education. This bill is the right thing to do for America’s future, and I am proud to support it.”

Opinion Source Information:

From Melancon's Website

U.S. Rep. Charlie Melancon (D-LA) voted today for final passage of H.R. 1, the American Economic Recovery and Reinvestment Plan, also known as the Economic Stimulus Bill.

“Today, we are facing an economic crisis more serious than any since the Great Depression,” said Rep. Melancon. “Last month alone, almost 600,000 Americans lost their jobs and unemployment in Louisiana has risen to 5.9%. With so many people hurting, we can’t afford to sit back and wait for the perfect solution to come along. We must take bold action now to stop the downward spiral.

“The people of south Louisiana sent me to Congress because I promised to listen to them and do what I thought was right, not what was most popular or what my party told me to do. This plan, while far from perfect, will create or save an estimated 50,000 jobs in Louisiana, invest over $538 million in infrastructure projects for our state, and lay a foundation for long-term growth for our country through innovation and education. This bill is the right thing to do for America’s future, and I am proud to support it.”

Opinion Source Information:

From Melancon's Website:

I wanted to let you know about an important piece of legislation we voted on in the House today. The Bonus Recoupment Tax Bill, H.R. 1586, would recover taxpayers’ dollars from AIG and other companies that have rewarded employees with excessive bonuses while simultaneously accepting billions in taxpayer assistance.

The Bonus Recoupment Tax Bill would impose a new 90 percent income tax on bonuses received by individuals from companies which have received over $5 billion from the Troubled Asset Relief Program (TARP). It would also apply to bonuses paid by Fannie Mae and Freddie Mac. The tax only would apply to bonuses received by employees with adjusted gross income over $250,000............
 

The bill that passed the House today will hold accountable companies that accepted TARP money, and I strongly support it. If AIG won’t act responsibly and return the bonuses, we will use every tool available to make them repay the American public.