Sens. Vitter, Sherrod Brown Urge Bernanke to Increase Capital Standards
(Washington, D.C.) - U.S. Sens. David Vitter (R-La.) and Sherrod Brown (D-Ohio) sent a bipartisan letter urging Federal Reserve Chairman Ben Bernanke to increase the capital requirements of megabanks. “Placing higher capital requirements on megabanks is a common sense way to fix the dangers o... Read More
Vitter Opposes Tax Increase Legislation, Supports 1-Year Extension of Current Rates
(Washington, D.C.) - U.S. Sen. David Vitter today opposed legislation that would have not only increased taxes on small business owners and job creators, but also would have increased the death tax, impacting Louisiana farmers and other small businesses like seafood producers. “This vote on t... Read More
Vitter: Obama Tax Increase Would Further Cripple Economy
(Washington, D.C.) - U.S. Sen. David Vitter today made the following statement after President Obama’s announcement to increase taxes. At a press conference today, President Obama announced his plan to let some of the 2001 and 2003 tax cuts expire, resulting in a $850 billion tax increase. &l... Read More
Vitter Receives 2011 Taxpayers’ Friend Award from National Taxpayers Union
(Washington, D.C.) - U.S. Senator David Vitter today received the 2011 Taxpayers’ Friend award from the National Taxpayers Union (NTU). The award rec... Read More
Vitter: End TARP Housing Program Bailout, Return Taxpayer Money
(Washington, D.C.) - United States Senator David Vitter (R-La.) today sent a letter urging U.S. Treasury Secretary Timothy Geithner to end the Supplemental Directive on the Making Home Affordable Program and return that taxpayer money to the Treasury. An estimated $41 billion is sitting unused for the prog... Read More
Vitter: Sham Debt Limit Vote Typifies What’s Wrong with Washington
(Washington, D.C.) - U.S. Sen. David Vitter made the following statement after a vote on a resolution to block an increase of the debt ceiling. “This resolution didn’t just fail. The whole idea behind it is a failure – of leadership. It was a sham vote on the mo... Read More
Vitter: Recess Appointment of Cordray ‘Unprecedented, Troubling’
(Washington, D.C.) - U.S. Sen. David Vitter today made the following statement after the White House announced that President Obama would use a recess appointment to name Richard Cordray to serve as “credit czar,” or head of the Consumer Financial Protection Bureau. &l... Read More
Vitter Comments on the Super Committee’s Failure to Reach Agreement
(Washington, D.C.) - U.S. Sen. David Vitter today made the following statement about the Super Committee’s failure to reach an agreement on cutting the deficit by at least $1.2 trillion. “Of course, I voted against the original debt limit bill and the super committee concept – it... Read More
Vitter Questions Continuing Taxpayer Bailouts for Fannie Mae and Freddie Mac
(Washington, D.C.) - U.S. Sen. David Vitter today made the following statement after reports that Freddie Mac is seeking a $6 billion bailout from U.S. taxpayers to cover its losses in the third fina... Read More
Vitter Comments on Federal Reserve Announcement of ‘Operation Twist’
(Washington, D.C.) - U.S. Sen. David Vitter, a member of the Senate Banking Committee which oversees the Federal Reserve, today issued the following statement after the Fed announced a new version the 1960s-era “Operation Twist,” an attempt to lower long-term interest rates by... Read More