Inside Tucson Business endorses Senator Tim Bee

Support from the business community widens

Tucson, AZ – Inside Tucson Business endorses Senate President Tim Bee’s bid for Congress. Citing differences in economic policy, ITB prefers Bee.

“We found a difference on the economy. Giffords voted for the $700 billion bailout plan (plus earmarks) and is now campaigning that she will work to seek out and punish those responsible. As a freshman that’s asy to say. She wasn’t responsible but we’ll see how far she gets when the search gets too close
to those in power, including members of her own party. Bee says he would have voted against the bailout.

We share Bee’s view on that point and support his bid for election to Congress.” Inside Tucson Business, 10/24/08

Their endorsement joins the list that includes the U.S. Chamber of Commerce and the Tucson Metropolitan Chamber of Commerce. In these challenging times, strengthening the economy is a top priority. Senate President Bee’s record of accomplishment on economic issues overshadows the incumbent’s. Bee built consensus in tackling the tough issues that matter most to Southern Arizonans:

Spearheaded the largest tax cuts in Arizona history.

Delivered the largest-ever funding increase for Arizona classrooms and teachers.

Invested in Southern Arizona priorities such as Tucson’s downtown redevelopment, Pima County’s transportation needs, university programs that will create local jobs, and a regional trauma center and veterans home.

Led the fight to appropriate $135 million over five years for the Science Foundation Arizona program and invested over $400 million in biosience research infrastructure and TGen.

Enacted legislation that enhanced R&D tax credit;

http://www.azchamber.com/policy/view_article.cfm?ID=34

Arizona State Senator of the Year, Arizona Chamber of Commerce & Industry, 2006 Arizona Manufacturers Council, Senator of the Year, 2008;

http://www.bizjournals.com/phoenix/stories/2008/05/12/daily12.html

Tucson Metropolitan Chamber of Commerce

http://www.tucsonchamber.org/2008/10/01/endorsements/

While Tim Bee is receiving support amongst the business community, the incumbent continues to stockpile Union money, adding thousands from Union PACs in the final days of the campaign.

The expensive mandates that these special interest groups demand from their politicians hurt economic growth. The U.S. Chamber calls the Card Check legislation a “game changer” and will stifle the economy.

Tim Bee ran a small business and knows that Giffords’ agenda of tax hikes, deficit spending and expensive mandates are dangerous.

The incumbent acknowledges that the stimulus package she supported was a failure and that she supports federal deficit spending to stimulate the economy. In October 2007, Giffords rhetoric included demands for “Restoring Fiscal Discipline to Washington”. She demanded “Pay-Go”.

The Associated Press reported today that the unintended consequences of the most recent bailout bill are troubling; the taxpayer protections and oversight that Giffords demanded aren’t in the bill.

“First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would use the
money to start making loans again.

But reports surfaced that bankers might instead use the money to buy other banks, pay dividends, give employees a raise and executives a bonus, or just sit on it. Insurance companies now want a piece; maybe automakers, too, even though Congress has approved $25 billion in low-interest loans for them.”

The incumbent’s track record on economic issues is troubling. Tim Bee has a proven record with results and his plan will look beyond the shortsightedness of the incumbent’s.

Tim Bee believes that we must:

Make the 2001 & 2003 tax cuts permanent. Giffords has already voted to allow them to expire. That would cost each family $2000 in southern Arizona. The market is suffering now because the uncertain future of these tax hikes causes business to contract.

Implement accelerated depreciation – it allows for firms to invest in capital equipment now, when tax benefits are greater than putting off expansion. That means jobs.

Lower corporate tax rates – America has the second highest corporate tax rate in the world. Ignoring the fact that we live in a global economy and must compete for businesses will only further damage our economy.

Temporarily suspend the capital gains and dividend taxes – spurring further investment in the markets.

Lower tax rates on small business – Giffords wants to raise their taxes – that would kill jobs. Small business drives the American economy – let’s not punish them. Small business is cyclical. One year may be difficult, the next may be bountiful.

Let’s access our own energy resources – Giffords says she was for accessing them – the people can see through her attempts to portray her energy vote for anything but what it was – it was a sham – it cut off off-shore production. We need to get our economy going by accessing our own resources instead of sending $700 billion out of our economy annually. We need to unleash American ingenuity to create our next great economic boom.

www.TimBee.com

Paid for by Tim Bee for Congress