Rep. Phil English talks to constituents about the economic rescue plan

Earlier this evening, Rep. Phil English met with a group of constituents in downtown Grove City for well over an hour. Rep. English summarized his reasons for voting no on the massive 700 billion package as well as other issues of interest to Western Pennsylvanians.
Rep. English said he wanted to help enact legislation to aid the ailing economy but wanted to get it right rather than do something rapidly. English said he believed the defeated House bill would have established a dangerous precedent for the government. He also wanted to make sure that there were no golden parachutes hidden in the new version of the bill which was voted on in the Senate this evening. On the plus side, he believed the rescue plan could be structured in such a way that profits would go to toward deficit reduction.
Going forward, English called for tax reform and incentives favorable to small business as a part of any rescue package. He pointed out that Republicans called for focused regulation of Fannie Mae and Freddie Mac back in 2005. However, it was the Democrats in Congress that blocked reform. English also recounted a long list of accomplishments which have benefitted the people of his district.
Tonight, the Senate passed their version of the rescue plan by a 74-25 margin. The bill has become a part of the longstanding effort to pass mental health parity legislation with a variety of tax cuts and other incentives to bring the votes of Representatives in the House.