Labor Day Statement on Jobs and the Middle Class:
A Call for Fairness and Innovation
Richard “RPT” Torregano (#23)
Independent Candidate for Congress 6th District of Louisiana
September 3, 2012
For Immediate Release
Contact: Richard Torregano, info@RPT-1.com
Baton Rouge – Richard Torregano, Independent Candidate for Congress (#23) in the 6th District of Louisiana, marked Labor Day 2012 with a statement of his positions and priorities on the critical issue of American Jobs.
“Jobs are a key issue in this election as the U.S. works to recover from the crash of 2008,” said Torregano, “and they are the central concern of my campaign. My campaign priorities of fairness, innovation, and real reform are all needed for better jobs policy in the U.S.”
Torregano pointed out that American economic progress also depends on having a strong middle class. “The middle class is being squeezed by the slow recovery after being clobbered by the crash and recession,” said Torregano. “The two major political parties should be making support of the middle class the top priority in economic policy – but it is clear to me that more independents will need to be elected to make that happen.”
“The incumbent, Dr. Bill Cassidy, is supporting policies I call ‘austerity for the middle class’. Programs that working Americans depend on will be cut in the name of fiscal responsibility, but the wealthiest Americans will receive expanded tax cuts that cause large budget deficits to continue over the next decade. This is not fiscally responsible. In addition to failing the test of fairness, this approach will strangle public investment in innovation, where government has a key role to play, along with the private sector.” Because of Cassidy and the Republican policies he supports, if funding for Coastal Restoration is not provided, this could vacate many local construction jobs in southern Louisiana.
Torregano is pushing a number of specific proposals aimed at achieving innovation in economic policy to fuel job creation and help the middle class. These include:
New Bonds to fund recover of lost jobs: A new class of Treasury Bonds could be floated to recover businesses that have been “off-shored” or lost outright due to unequal foreign competition, by funding co-operative ventures whose revenues – and the interest on the T-bonds – could offset budget deficits for key programs.
New legal and regulatory supports to allow these Co-operative Business Organizations to operate sustainably.
New energy and Transportation Policies that catalyze innovation and invention for new cars, cleaner energy, including energy efficiency, technological investment, and passenger rail. He supports the T. Boone Pickens plan for revamping the U.S. commercial truck fleet to use domestic natural gas.
Fairness and Reform come into the picture too, said Torregano, because those aid strong job creation. Torregano is proposing reforms of the corporate and individual tax system that would aid economic stability that the middle class depends on. He supports reinstatement of the Glass-Steagall act to prevent another crash like the one from which the U.S. is still recovering.
He was born and raised in the lower 9th in New Orleans. Graduated from Holy Cross in 1970 and also a graduate of UNO and Louisiana Tech. He served as a Radio Battalion Marine and retired from the Air National Guard in 1999. He currently works as an Electronic Technician for ACC in Baton Rouge.
For more information on Richard Torregano’s campaign, go to http://rpt50-1.com