Over the last year, our nation has experienced tremendous strains on our economy. The faltering national housing market started an economic slowdown that is now reaching most sectors of the economy, including the pocket-books of families in the Mountain State. Addressing these concerns to protect and support West Virginia families and small business owners is a top concern for Congresswoman Capito.
She believes we must have a low-tax, pro-growth economic policy to encourage job creation and economic investment. The Congresswoman has also supported the extension of unemployment benefits to West Virginia families who have come upon hard times, and has voiced support for a targeted and temporary stimulus package to jumpstart America's economy.
Capito is the sponsor of legislation designed to encourage information technology firms to locate and bring jobs to West Virginia, and she's a strong supporter of transportation and infrastructure projects which are critical to economic expansion. Not only do these projects provide jobs during construction, but they create the infrastructure that West Virginia businesses need to grow and invest.
Energy is also critical to West Virginia's economic future and the Congresswoman will continue to remain engaged in efforts to create a comprehensive energy policy that includes Mountain State resources and ingenuity.
As a senior member of the House Financial Services Committee, she has been at the forefront of the debates surrounding the financial "bailout packages" - which she has adamantly opposed. In fact, Capito voted twice to oppose the $700 billion bailout of the banking industry, citing her concerns that the plan was rushed, that it spent too much money and that it lacked the oversight necessary to protect West Virginia taxpayers.
She strongly believes that the federal government must remain engaged to set the stage for economic growth, protect West Virginia jobs and create new ones, but she also knows that taxpayers deserve to know that their tax dollars are spent wisely.