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Updated: 10:09 AM Sep 25, 2008
Local Congressional Candidates React to Bailout
The current economic crisis is not just affecting the Presidential campaign. Candidates for Virginia's 6th Congressional seat here in the Valley are watching the financial situation very closely.
Posted: 11:05 PM Sep 24, 2008Reporter: Philip Townsend Email Address: ptownsend@whsv.com |
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President Bush's proposed remedy for the economy has congressional candidates in the Valley up in arms.
House of Representatives Democratic candidate, Sam Rasoul, says, "We have a lot of work to do and the only way to do it is to make sure these special interests don't take this bailout plan, and do what they want with it."
Independent candidate, Janice Lee Allen, adds, "You never give anyone a blanket check. Never do you do that. We must have oversight. This whole situation has gotten totally out of control."
Current House member of Virginia's 6th District, Bob Goodlatte, says he wants to see more of the plan before making any judgments.
He says, "It is important that all members of Congress work together on this legislation and not prejudge it until the final product is brought forward for debate and a vote on the House floor."
Rasoul says the middle class is what he plans to focus on if elected.
Rasoul says, "We just introduced a tax reform plan...It's a tiered flat tax system...Graduated flat tax system that will put more money back into middle-class pockets."
Allen hopes her plan, modeled after the Manhattan Project, can revive the economy.
She says, "We cannot be dependent on any other nations. We must become very self sufficient."
Congressman Goodlatte says he will continue to consider different proposals to secure the nations economy.
He says, "I continue to study the various proposals, follow the congressional hearings on this serious matter, and ask the important questions regarding any bailout of our financial institutions."
Congress is scheduled to recess for the year on Friday, but reports say their decision will not be rushed from outside pressures. The House and the Senate could vote on the bill as early as next week.
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