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February 12, 2010 Press Release

The members of Vermont's Congressional Delegation – U.S. Sen. Patrick Leahy (D), U.S. Sen. Bernie Sanders (I), and U.S. Rep.
February 11, 2010 Press Release
Sen. Sherrod Brown (D-Ohio) today introduced companion legislation to Rep. Peter Welch's Wall Street Bonus Tax Act (H.R. 4426) in the Senate, as the bill continued to build momentum in the House.

The legislation would impose a 50 percent tax on excessive bonuses at banks that received government support through the Troubled Asset Relief Program.

February 10, 2010 Press Release
Sen. Sherrod Brown (D-Ohio) today introduced companion legislation to Rep. Peter Welch's Wall Street Bonus Tax Act (H.R. 4426) in the Senate, as the bill continued to build momentum in the House.

The legislation would impose a 50 percent tax on excessive bonuses at banks that received government support through the Troubled Asset Relief Program.

February 4, 2010 Press Release

Capping a years-long effort to restore strong spending rules to Congress, the House on Thursday passed "pay-as-you-go" legislation sponsored by Rep. Peter Welch. Following the 233 to 187 vote, H.J.Res 45 was sent to President Obama's desk for signature.

February 4, 2010 Press Release

Capping a years-long effort to restore strong spending rules to Congress, the House on Thursday passed “pay-as-you-go” legislation sponsored by Rep. Peter Welch. Following the 233 to 187 vote, H.J.Res 45 was sent to President Obama’s desk for signature.

February 4, 2010 Press Release

Rep. Peter Welch (D-Vt.) released the following statement in reaction to a Wall Street Journal report that Minority Leader John Boehner sought campaign contributions in exchange for fighting efforts to crack down on executive compensation.

February 4, 2010 Press Release

Rep. Peter Welch (D-Vt.) released the following statement in reaction to a Wall Street Journal report that Minority Leader John Boehner sought campaign contributions in exchange for fighting efforts to crack down on executive compensation.

February 2, 2010 Press Release

Rep. Peter Welch on Tuesday hailed President Obama's plan to increase small business lending and support community banks.

While visiting Nashua, N.H., Obama unveiled a new Small Business Lending Fund that would invest $30 billion from the Troubled Asset Relief Program (TARP) into local economies by incentivizing lending programs at community banks.

February 2, 2010 Press Release

Rep. Peter Welch on Tuesday hailed President Obama’s plan to increase small business lending and support community banks.

While visiting Nashua, N.H., Obama unveiled a new Small Business Lending Fund that would invest $30 billion from the Troubled Asset Relief Program (TARP) into local economies by incentivizing lending programs at community banks.

January 28, 2010 Press Release

Rep. Peter Welch on Thursday commended the Senate for approving pay-as-you-go budgeting rules.

By a 60-40 vote, the Senate passed a responsible budgeting amendment that is similar to legislation sponsored by Welch. The provision requires lawmakers to pay for new mandatory spending or entitlement programs either by cutting spending or increasing revenue.

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In The News

January 13, 2010 In The News

Everyone in Washington is taking a swing at Wall Street pay.

The Obama administration wants to tax it. The Federal Reserve wants to tweak it. And the Federal Deposit Insurance Corporation wants to shape it.

January 12, 2010 In The News

Vermont U.S. Representative Peter Welch proposed a 50 percent tax on employee bonuses exceeding $50,000 at banks that received bailout funds from the Troubled Asset Relief Program.

January 12, 2010 In The News

By Eric Dash, New York Times

Everyone in Washington is taking a swing at Wall Street pay.

The Obama administration wants to tax it. The Federal Reserve wants to tweak it. And the Federal Deposit Insurance Corporation wants to shape it.

January 12, 2010 In The News

By Ryan Donmoyer, Bloomberg News

Vermont U.S. Representative Peter Welch proposed a 50 percent tax on employee bonuses exceeding $50,000 at banks that received bailout funds from the Troubled Asset Relief Program.

January 5, 2010 In The News

State officials have yet to resolve a looming deficit in the unemployment trust fund that House Speaker Shap Smith referred to Monday as "one of the most difficult" financial issues facing Vermont.

January 4, 2010 In The News

By Peter Hirschfeld, Rutland Herald

State officials have yet to resolve a looming deficit in the unemployment trust fund that House Speaker Shap Smith referred to Monday as "one of the most difficult" financial issues facing Vermont.

January 4, 2010 In The News

By Terri Hallenbeck, Burlington Free Press

Federal and state officials, business organizations and a labor union representative all agreed: It would be great if the federal government would continue to lend the state money interest-free for two more years to keep its unemployment fund in the black.

January 4, 2010 In The News

Nearly $6 million in federal aid is being dispersed to Vermont's dairy farmers to help offset a portion of the heavy losses from the collapse in milk prices this year.

January 3, 2010 In The News

By Dan McLean, Burlington Free Press

Nearly $6 million in federal aid is being dispersed to Vermont's dairy farmers to help offset a portion of the heavy losses from the collapse in milk prices this year.

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