The United States Chamber of Commerce recently honored Peter Roskam for proving in his first term to be “an effective ally to the business community”.

Sounds great until you realize what exactly “being an effective ally to the business community” means.

Put simply, it means consistently voting against the interests of the majority of citizens in your district and giving big business exactly what it demands.

It means means Roskam voting against reducing the dependence on fossil fuels that is threatening our national security and destroying our environment by requiring minimum standards for the percentage of electricity generated using renewable sources of energy.

It means Roskam voting against tax incentives for energy conservation and development of clean, renewable energy sources because they are funded by the repeal of tax breaks to big oil companies now enjoying huge profits at our expense every time we fill up our tanks.

It means Roskam voting against the Children’s Health and Medicare Protection Act of 2007 which would have insured that Illinois’ uninsured children receive the kind of health care that Roskam’s own kids get at taxpayer expense.

It means Roskam standing up for the interests of big drug companies rather than allowing the Medicare program to negotiate for better prices on prescription drugs.

It means Roskam voting against protection of his constituents right to equal pay for equal work. And their right to organize.

And it means Roskam voting against protecting middle class taxpayers from the Alternative Minimum Tax.

So congratulations on your big award, Peter, and thanks for nothing. Its time we had a new Representative in Congress who works for us and not for the U.S. Chamber of Commerce.

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No wonder Peter Roskam loves this guy. According to John McCain, de-regulation of markets is the answer to everything. Even to the problems caused by…er…deregulation of markets.

In a speech on March 25, to the Orange County Hispanic Small Business Roundtable, McCain had this to say about the origins of the present crisis:

“The other part of what happened was an explosion of complex financial instruments that weren’t particularly well understood by even the most sophisticated banks, lenders and hedge funds. To make matters worse, these instruments — which basically bundled together mortgages and sold them to others to spread risk throughout our capital markets — were mostly off-balance sheets, and hidden from scrutiny. In other words, the housing bubble was made worse by a series of complex, inter-connected financial bets that were not transparent or fully understood. That means they weren’t always managed wisely because people couldn’t properly quantify the risk or the value of these bets. And because these instruments were bundled and sold and resold, it became harder and harder to find and connect up a real lender with a real borrower. Capital markets work best when there is both accountability and transparency. In the case of our current crisis, both were lacking.”

I’m good with this so far. Deregulation has led to complex new instruments that are poorly understood and lacking in accountability and transparency.

And so the obvious solution is more careful regulation of the kinds of transactions that got us into trouble, right?

Wrong! McCain’s answer: increased de-regulation!

“In financial institutions, there is no substitute for adequate capital to serve as a buffer against losses. Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.”

Also, get tough on homeowners, further reduce taxes on the wealthy by eliminating the AMT, and reduce the corporate tax rate leaving poor and middle class taxpayers to bear a greater share of the costs of Republican military adventures, oil company subsidies, and bailouts of failed banks. Yep, sounds like Roskam’s kind of plan.

“What is conservatism? Is it not adherence to the old and tried, against the new and untried?” Abraham Lincoln’s Cooper Institute Address, February 27, 1860.

“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.” Abraham Lincoln’s First Annual Message to Congress, December 3, 1861.

I can quote from Lincoln too, Mr. Roskam, but that doesn’t make me look like him any more than it does you.

On December 28th, Peter Roskam published a glowing self-assessment of his first year in Congress, complete with liberal quotations from Abraham Lincoln to try and make himself appear a statesman.

By Roskam’s account he spent the year battling against partisanship but in the end triumphed by squeaking out a temporary fix to the Alternative Minimum Tax and an Energy Bill. Nothing could be further from the truth.

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Peter Roskam is not telling you the truth.

Today (December 19th), Roskam published on his House web site a brief news item announcing “ROSKAM PROTECTS 70,000 IL-6 RESIDENTS FROM ALTERNATIVE MINIMUM TAX”. This was in regard to the Democratic plan to relieve middle class taxpayers of liability for the Alternative Minimum Tax beginning in the coming tax season.

What Roskam is not telling you is that he and his Republican colleagues absolutely refused to vote for the measure until provisions were removed from the bill that would have closed loopholes that allow wealthy individuals to escape paying taxes by keeping assets offshore and allow some investment fund managers and venture capitalists to pay much lower tax rates than ordinary taxpayers.

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On Wednesday, December 12th, Peter Roskam again voted to hold hostage the Democratic plan to relieve middle class taxpayers of liability for the Alternative Minimum Tax (AMT), a tax which was instituted years ago to prevent the wealthiest individuals from escaping paying any taxes by setting a minimum tax that must be paid by individuals with incomes above a threshold. Because the tax was not designed to account for inflation, an addition 23 million individuals of relatively modest incomes will be affected in the coming tax season with an average of $2000 in additional tax liability, unless the Democrats in Congress are able to apply a fix.

Peter Roskam and his Republican colleagues, acting in tandem with George Bush, are presently attempting to obstruct the Democratic efforts to provide this needed relief to middle class taxpayers. The Republicans are obstructing this relief, not so much because they want to increase taxes on the middle class, but because, to them, the needs of the middle class are largely irrelevant. Republicans are focused on giving tax-breaks to the wealthiest individuals and to big business, and if to do so, they have to hold the middle class tax cut hostage, that is just fine with them.

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