Issue Position: Jobs & Security Now Plan for Missouri
Greater Accountability * Create Jobs Here * Safeguard Savings
No New Job-Killing Taxes * Affordable American Energy
Missouri taxpayers should not be held hostage by bad lending practices, greed on Wall Street and our federal government's inability to hold financial institutions accountable.
Blaine believes that in order to start solving our financial crisis we need to do the following:
- Restore confidence in the financial system
- Punish those that did illegal acts
- Put in place a regulatory structure to keep this from happening again
Executive Compensation Limits: Blaine supports strong rules prohibiting excessive compensation or golden parachutes to executives of failed companies at the expense of taxpayers.
Strict Enforcement of Laws Designed to Protect Investors: As a former bank regulator, Blaine believes we need to review the annual audit reports of entities the federal government has brought under conservatorship or now owns, and determine if those annual audit reports from years 2005 to present accurately reflected the financial health of those businesses.
Creating Jobs in the Ninth District:
Blaine supports making tax relief permanent. In these tough economic times, Missouri families cannot afford to see their taxes go up. If we repeal tax relief, the average taxpayer in the Ninth District will see their taxes go up nearly $1,700 and cost Missouri 20,000 jobs.
Blaine supports expanding the Callaway Nuclear Plant. Expanding Callaway would create 400 permanent jobs for the area and add $120 million per year to the local economy. Supporting the expansion of Callaway would go a long way to lower energy costs and decrease dependency on foreign oil.
Grow and Secure American Jobs
Create True American Energy Independence
Safeguard Our Savings:
Blaine Luetkemeyer will protect Social Security. Blaine opposes privatization and will make sure we keep our promise to Seniors.
Blaine also supports allowing our younger workers to voluntarily opt into a program similar to the Federal Thrift Savings Program. A program that federally elected officials, both Republicans and Democrats, invest in to safeguard their retirement savings. If our elected officials believe in this program, why can't we be given the same opportunity?
Blaine opposes any plan that will increase the retirement age, cut benefits or raise taxes on Social Security.
In light of economic instability, Blaine opposes mandatory stock sales that would threaten our retirement savings. Greedy Wall Street investors should not threaten our retirement savings.
Blaine would suspend the requirements that people start selling off retirement investments when they turn seventy and a half. Blaine supports moving that number to seventy-five while maintaining the option to sell investments at the current age. At a time where the stock market is seeing its lowest level in years, we should not mandate Seniors sell at the low point of the market and threaten their retirement savings.
No New Job-Killing Taxes:
Now is not the time to raise taxes. Blaine opposes the Nancy Pelosi plan to raise taxes by $1.3 Trillion over the next five years. Higher taxes will kill nearly 20,000 Missouri jobs and we simply cannot afford that here in the Ninth District.
Small business and farms drive the economy of the Ninth District. We need to make small business tax relief permanent and end the death tax once and for all.
Affordable American Energy:
We need to pass the American Energy Act, an all of the above approach to ending our dependence on foreign oil.
To increase the supply American-made energy in environmentally sound ways, the legislation will:
- Open our deep water ocean resources, which will provide an additional three million barrels of oil per day, as well as 76 trillion cubic feet of natural gas.
- Open the Arctic coastal plain, which will provide an additional one million barrels of oil per day.
- Allow development of our nation's shale oil resources, which could provide an additional 2.5 million barrels of oil per day.
- Increase the supply of gas at the pump by cutting bureaucratic red tape that essentially blocks construction of new refineries.
To improve energy conservation and efficiency, the legislation will:
- Provide tax incentives for businesses and families that purchase more fuel efficient vehicles.
- Provide a monetary prize for developing the first economically feasible, super-fuel-efficient vehicle reaching 100 miles-per-gallon.
- Provide tax incentives for businesses and homeowners who improve their energy efficiency.
To promote renewable and alternative energy technologies, the legislation will:
- Spur the development of alternative fuels through government contracting by repealing the "Section 526" prohibition on government purchasing of alternative energy and promoting coal-to-liquids technology.
- Establish a renewable energy trust fund using revenues generated by exploration in the deep ocean and on the Arctic coastal plain.
- Permanently extend the tax credit for alternative energy production, including wind, solar and hydrogen.
- Eliminate barriers to the expansion of emission-free nuclear power production. Right here in Missouri we have a Callaway plant and we need to support the expansion of this facility.