FOR IMMEDIATE RELEASE from BOB CONAWAY for CONGRESS campaign [PRESS RELEASE # 4] -PAUL COOK's VOTES on HR 4453 & HR 4457 ARE TWO MORE EXAMPLES of CORPORATE WELFARE HE SUPPORTS-shame on him!!

Congressman Paul Cook voted yes on H.R. 4453 which extends the reduced recognition period for built-in gains of S corporations and also includes language on charitable contributions (which allows for fatter tax deductions in a shorter period of time) AND he voted yes on H.R. 4457 related to expensing limitations under section 179 of the Internal Revenue Code (same type of bigger payday).  Sounds good? Nah!
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This vote was reported in a press release and newsletter like it was a  accomplishment for the republican freshman.
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There is a big problem-- Neither measure is offset. What this will mean is more social security office closures, more funding cuts to veterans and to our nation's children's programs to pay for the latest edition of Paul Cook's "corporate welfare".

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In 2011, states like California lost approximately $39.8 billion in tax revenues from corporations and wealthy individuals who sheltered money in foreign tax havens due to sweetheart tax legislation. No big deal? Well consider that $39.8 billion would also cover education costs for more than 3.7 million children for one year.This sum is also roughly equivalent to total state and local expenditures on firefighters ($39.7 billion) or on parks and recreation ($40.6 billion) in FY 2008.
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Federal policymakers must crack down on tax cut abuses--instead Cook cooks the books for corporate special interests again and will now force Congress to find programs to cut to fund this latest give-away. We need to end the corporate give aways by retiring Paul Cook in November.

Message prepared by candidate
Bob Conaway for Congress (CA-08)

12127 Mall Blvd, Suite A-363

Victorville CA 92392

Contact No. (760) 617-8305