During a decades-long political career in Congress, Bill McCollum’s policy priorities were clear: work on behalf of Republican orthodoxy instead of small businesses and working families.
When he was in Congress, he pushed for rampant deregulation of financial firms,1 opposed making student loans more affordable2 and even tried to prevent the creation of low cost bank accounts for working families.3 He even voted against closing a loophole that let wealthy U.S. citizens renounce their citizenship to evade taxes.4 By the time he left Congress to run for the U.S. Senate, McCollum earned a rating of 8 out of 100 from a consumer protection group, the Consumer Federation of America.5
When McCollum left Congress, he became a lobbyist for an organization that had a program that the IRS determined was a scam: ‘self-serving, circular-financing arrangements’ used to collect fees from home builders, who got their money back by inflating home prices. These buyers were more likely to default on their federally insured mortgages.6
While campaigning for the U.S. Senate, McCollum wrapped himself so tightly to President George W. Bush’s policies that one journalist called him Bush’s “overcoat.”7 One of his Senate campaign promises was to lead the fight to make Bush’s tax cuts for the wealthy permanent.8
Tell your friends to ask Bill McCollum to stop supporting the failed policies that devastated our economy.
1. Miami Herald, May 25, 2009
2. Tampa Tribune, August 8, 1999
3. St. Petersburg Times, May 14, 2000
4. CQ House Vote 272, HR 831, March 28, 1995
5. St. Petersburg Times Editorial, October 22, 2006
6. Miami Herald, October 25, 2006
7. Orlando Sentinel, May 11, 2003
8. Associated Press, August 25, 2004