May 30, 2012

Congressman Quico Canseco Looking Out For Millionaires at the Expense of the Middle Class

Congressman Quico Canseco (TX-23) has a record of putting millionaires over Texas’ middle class. After riding the Tea Party wave to Congress, Congressman Canseco got in line with his House Republican leaders and voted for massive cuts in Medicare that force seniors to pay more for coverage in order to give huge tax breaks to millionaires and corporations that ship American jobs overseas. Wealthy banker Congressman Canseco, who voted with Washington Republicans 96% of the time, would let big banks police themselves and voted to block a payroll tax cut for middle class Texas families.

“Congressman Canseco went off to Washington and wasted no time lining up behind House Republican leaders who want to make massive Medicare cuts forcing seniors to pay more, while giving more tax breaks to millionaires and corporations that ship American jobs overseas,” said Jesse Ferguson of the Democratic Congressional Campaign Committee. “West Texas voters want a Congressman who will fight for them in Washington, but Congressman Canseco has chosen to score partisan political points while protecting millionaires and big corporations instead of the Texas middle class.”

Background

Congressman Canseco Voted to Slash Medicare, Protect Tax Breaks for Millionaires, Encourage Companies to Ship Jobs Overseas. On March 29, 2012, Congressman Canseco supported a budget that would end Medicare’s guaranteed benefit and provides people earning more than $1 million a year with an average tax cut of $394,000, and provides incentives for corporations to shift profits and jobs overseas. [H Con Res 112, Vote #151, 3/29/12; New York Times Editorial, 3/20/12; Center for American Progress, 3/20/12; Center for Budget and Policy Priorities, 3/27/12; Tax Policy Center, Table T12-0078 and T10-0132; Citizens for Tax Justice, 3/22/12]

Congressman Canseco Voted to Block the Payroll Tax Cut Extension. House Republicans rejected an overwhelmingly bipartisan plan to temporarily extend the payroll tax cut in December 2011. Instead, House Republicans voted for “a piece of parliamentary trickery devised…to ensure the tax cut couldn’t possibly pass.” [HR 3630, Vote # 946; 12/20/11; New York Times Editorial, 12/21/11]

Congressman Canseco Said that Dodd-Frank Failed. In July 2011, Congressman Canseco claimed that the Dodd-Frank Wall Street reform bill was an “abject failure.” [YouTube, uploaded 7/15/11]

Congressman Canseco Voted with the GOP 96 Percent of the Time. During his time in Congress, Congressman Canseco has voted with the Republican Party 96 percent of the time. [Washington Post, accessed 5/23/12]

Congressman Canseco Worth Up to $1.5 Million. Between 2011 and 2012, Congressman Canseco’s net worth was estimated to be up to $1,519,998. [Center for Responsive Politics, accessed 5/23/12]

 

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