U.S. House District 9 Election: Daniel Botelho on the issues
Botelho believes we need to return to policies from our past in regard to Immigration. Sponsorships ensure shelter, a point of contact and help integrating into our society. The visas issued for these Sponsorships need to be based on our economic prosperity. In times of high unemployment resident & foreign labor visas would be kept low.
Botelho will institute a stead fast rule that Banks, Financial Institutions cannot sell Derivative Contracts, only institutions that are classified as Insurers can. If they go around the rule by creating an insurance arm they will lose their FDIC as well as other Federal Insurance Guarantees. All Sellers and Participants in the derivatives market must be registered, liquidity guidelines for all sellers and sources of funds must be disclosed. The Volker rule does some of this as well as Dodd Frank but I really think that there is too much ambiguity in those pieces of legislation and we can do better, only if more folks with common sense were elected to office.
Botelho is pro-life, except in the case of rape, incest and when the mother’s life is at risk.
“There is an underlying purpose for taxation that all the deductions and credits point to but that many folks tend to forget. Although taxation raises funds for the Government it is also a mechanism that the Government has at its disposal to regulate the economy. Yes, I said, “Regulate the Economy.” Raise taxes and people or businesses have less money in there pockets to spend which decreases economic activity. Decrease taxes and people have more money in their pockets and they can spend more which means increases in the economy activity…
Regardless of the tax collection mechanism being Income or Consumption the mechanics of high or low do not change.” - taken from Botelho’s website.