-----BEGIN PGP PUBLIC KEY BLOCK----- mQQBBGBjDtIBH6DJa80zDBgR+VqlYGaXu5bEJg9HEgAtJeCLuThdhXfl5Zs32RyB I1QjIlttvngepHQozmglBDmi2FZ4S+wWhZv10bZCoyXPIPwwq6TylwPv8+buxuff B6tYil3VAB9XKGPyPjKrlXn1fz76VMpuTOs7OGYR8xDidw9EHfBvmb+sQyrU1FOW aPHxba5lK6hAo/KYFpTnimsmsz0Cvo1sZAV/EFIkfagiGTL2J/NhINfGPScpj8LB bYelVN/NU4c6Ws1ivWbfcGvqU4lymoJgJo/l9HiV6X2bdVyuB24O3xeyhTnD7laf epykwxODVfAt4qLC3J478MSSmTXS8zMumaQMNR1tUUYtHCJC0xAKbsFukzbfoRDv m2zFCCVxeYHvByxstuzg0SurlPyuiFiy2cENek5+W8Sjt95nEiQ4suBldswpz1Kv n71t7vd7zst49xxExB+tD+vmY7GXIds43Rb05dqksQuo2yCeuCbY5RBiMHX3d4nU 041jHBsv5wY24j0N6bpAsm/s0T0Mt7IO6UaN33I712oPlclTweYTAesW3jDpeQ7A ioi0CMjWZnRpUxorcFmzL/Cc/fPqgAtnAL5GIUuEOqUf8AlKmzsKcnKZ7L2d8mxG QqN16nlAiUuUpchQNMr+tAa1L5S1uK/fu6thVlSSk7KMQyJfVpwLy6068a1WmNj4 yxo9HaSeQNXh3cui+61qb9wlrkwlaiouw9+bpCmR0V8+XpWma/D/TEz9tg5vkfNo eG4t+FUQ7QgrrvIkDNFcRyTUO9cJHB+kcp2NgCcpCwan3wnuzKka9AWFAitpoAwx L6BX0L8kg/LzRPhkQnMOrj/tuu9hZrui4woqURhWLiYi2aZe7WCkuoqR/qMGP6qP EQRcvndTWkQo6K9BdCH4ZjRqcGbY1wFt/qgAxhi+uSo2IWiM1fRI4eRCGifpBtYK Dw44W9uPAu4cgVnAUzESEeW0bft5XXxAqpvyMBIdv3YqfVfOElZdKbteEu4YuOao FLpbk4ajCxO4Fzc9AugJ8iQOAoaekJWA7TjWJ6CbJe8w3thpznP0w6jNG8ZleZ6a jHckyGlx5wzQTRLVT5+wK6edFlxKmSd93jkLWWCbrc0Dsa39OkSTDmZPoZgKGRhp Yc0C4jePYreTGI6p7/H3AFv84o0fjHt5fn4GpT1Xgfg+1X/wmIv7iNQtljCjAqhD 6XN+QiOAYAloAym8lOm9zOoCDv1TSDpmeyeP0rNV95OozsmFAUaKSUcUFBUfq9FL uyr+rJZQw2DPfq2wE75PtOyJiZH7zljCh12fp5yrNx6L7HSqwwuG7vGO4f0ltYOZ dPKzaEhCOO7o108RexdNABEBAAG0Rldpa2lMZWFrcyBFZGl0b3JpYWwgT2ZmaWNl IEhpZ2ggU2VjdXJpdHkgQ29tbXVuaWNhdGlvbiBLZXkgKDIwMjEtMjAyNCmJBDEE EwEKACcFAmBjDtICGwMFCQWjmoAFCwkIBwMFFQoJCAsFFgIDAQACHgECF4AACgkQ nG3NFyg+RUzRbh+eMSKgMYOdoz70u4RKTvev4KyqCAlwji+1RomnW7qsAK+l1s6b ugOhOs8zYv2ZSy6lv5JgWITRZogvB69JP94+Juphol6LIImC9X3P/bcBLw7VCdNA mP0XQ4OlleLZWXUEW9EqR4QyM0RkPMoxXObfRgtGHKIkjZYXyGhUOd7MxRM8DBzN yieFf3CjZNADQnNBk/ZWRdJrpq8J1W0dNKI7IUW2yCyfdgnPAkX/lyIqw4ht5UxF VGrva3PoepPir0TeKP3M0BMxpsxYSVOdwcsnkMzMlQ7TOJlsEdtKQwxjV6a1vH+t k4TpR4aG8fS7ZtGzxcxPylhndiiRVwdYitr5nKeBP69aWH9uLcpIzplXm4DcusUc Bo8KHz+qlIjs03k8hRfqYhUGB96nK6TJ0xS7tN83WUFQXk29fWkXjQSp1Z5dNCcT sWQBTxWxwYyEI8iGErH2xnok3HTyMItdCGEVBBhGOs1uCHX3W3yW2CooWLC/8Pia qgss3V7m4SHSfl4pDeZJcAPiH3Fm00wlGUslVSziatXW3499f2QdSyNDw6Qc+chK hUFflmAaavtpTqXPk+Lzvtw5SSW+iRGmEQICKzD2chpy05mW5v6QUy+G29nchGDD rrfpId2Gy1VoyBx8FAto4+6BOWVijrOj9Boz7098huotDQgNoEnidvVdsqP+P1RR QJekr97idAV28i7iEOLd99d6qI5xRqc3/QsV+y2ZnnyKB10uQNVPLgUkQljqN0wP XmdVer+0X+aeTHUd1d64fcc6M0cpYefNNRCsTsgbnWD+x0rjS9RMo+Uosy41+IxJ 6qIBhNrMK6fEmQoZG3qTRPYYrDoaJdDJERN2E5yLxP2SPI0rWNjMSoPEA/gk5L91 m6bToM/0VkEJNJkpxU5fq5834s3PleW39ZdpI0HpBDGeEypo/t9oGDY3Pd7JrMOF zOTohxTyu4w2Ql7jgs+7KbO9PH0Fx5dTDmDq66jKIkkC7DI0QtMQclnmWWtn14BS KTSZoZekWESVYhORwmPEf32EPiC9t8zDRglXzPGmJAPISSQz+Cc9o1ipoSIkoCCh 2MWoSbn3KFA53vgsYd0vS/+Nw5aUksSleorFns2yFgp/w5Ygv0D007k6u3DqyRLB W5y6tJLvbC1ME7jCBoLW6nFEVxgDo727pqOpMVjGGx5zcEokPIRDMkW/lXjw+fTy c6misESDCAWbgzniG/iyt77Kz711unpOhw5aemI9LpOq17AiIbjzSZYt6b1Aq7Wr aB+C1yws2ivIl9ZYK911A1m69yuUg0DPK+uyL7Z86XC7hI8B0IY1MM/MbmFiDo6H dkfwUckE74sxxeJrFZKkBbkEAQRgYw7SAR+gvktRnaUrj/84Pu0oYVe49nPEcy/7 5Fs6LvAwAj+JcAQPW3uy7D7fuGFEQguasfRrhWY5R87+g5ria6qQT2/Sf19Tpngs d0Dd9DJ1MMTaA1pc5F7PQgoOVKo68fDXfjr76n1NchfCzQbozS1HoM8ys3WnKAw+ Neae9oymp2t9FB3B+To4nsvsOM9KM06ZfBILO9NtzbWhzaAyWwSrMOFFJfpyxZAQ 8VbucNDHkPJjhxuafreC9q2f316RlwdS+XjDggRY6xD77fHtzYea04UWuZidc5zL VpsuZR1nObXOgE+4s8LU5p6fo7jL0CRxvfFnDhSQg2Z617flsdjYAJ2JR4apg3Es G46xWl8xf7t227/0nXaCIMJI7g09FeOOsfCmBaf/ebfiXXnQbK2zCbbDYXbrYgw6 ESkSTt940lHtynnVmQBvZqSXY93MeKjSaQk1VKyobngqaDAIIzHxNCR941McGD7F qHHM2YMTgi6XXaDThNC6u5msI1l/24PPvrxkJxjPSGsNlCbXL2wqaDgrP6LvCP9O uooR9dVRxaZXcKQjeVGxrcRtoTSSyZimfjEercwi9RKHt42O5akPsXaOzeVjmvD9 EB5jrKBe/aAOHgHJEIgJhUNARJ9+dXm7GofpvtN/5RE6qlx11QGvoENHIgawGjGX Jy5oyRBS+e+KHcgVqbmV9bvIXdwiC4BDGxkXtjc75hTaGhnDpu69+Cq016cfsh+0 XaRnHRdh0SZfcYdEqqjn9CTILfNuiEpZm6hYOlrfgYQe1I13rgrnSV+EfVCOLF4L P9ejcf3eCvNhIhEjsBNEUDOFAA6J5+YqZvFYtjk3efpM2jCg6XTLZWaI8kCuADMu yrQxGrM8yIGvBndrlmmljUqlc8/Nq9rcLVFDsVqb9wOZjrCIJ7GEUD6bRuolmRPE SLrpP5mDS+wetdhLn5ME1e9JeVkiSVSFIGsumZTNUaT0a90L4yNj5gBE40dvFplW 7TLeNE/ewDQk5LiIrfWuTUn3CqpjIOXxsZFLjieNgofX1nSeLjy3tnJwuTYQlVJO 3CbqH1k6cOIvE9XShnnuxmiSoav4uZIXnLZFQRT9v8UPIuedp7TO8Vjl0xRTajCL PdTk21e7fYriax62IssYcsbbo5G5auEdPO04H/+v/hxmRsGIr3XYvSi4ZWXKASxy a/jHFu9zEqmy0EBzFzpmSx+FrzpMKPkoU7RbxzMgZwIYEBk66Hh6gxllL0JmWjV0 iqmJMtOERE4NgYgumQT3dTxKuFtywmFxBTe80BhGlfUbjBtiSrULq59np4ztwlRT wDEAVDoZbN57aEXhQ8jjF2RlHtqGXhFMrg9fALHaRQARAQABiQQZBBgBCgAPBQJg Yw7SAhsMBQkFo5qAAAoJEJxtzRcoPkVMdigfoK4oBYoxVoWUBCUekCg/alVGyEHa ekvFmd3LYSKX/WklAY7cAgL/1UlLIFXbq9jpGXJUmLZBkzXkOylF9FIXNNTFAmBM 3TRjfPv91D8EhrHJW0SlECN+riBLtfIQV9Y1BUlQthxFPtB1G1fGrv4XR9Y4TsRj VSo78cNMQY6/89Kc00ip7tdLeFUHtKcJs+5EfDQgagf8pSfF/TWnYZOMN2mAPRRf fh3SkFXeuM7PU/X0B6FJNXefGJbmfJBOXFbaSRnkacTOE9caftRKN1LHBAr8/RPk pc9p6y9RBc/+6rLuLRZpn2W3m3kwzb4scDtHHFXXQBNC1ytrqdwxU7kcaJEPOFfC XIdKfXw9AQll620qPFmVIPH5qfoZzjk4iTH06Yiq7PI4OgDis6bZKHKyyzFisOkh DXiTuuDnzgcu0U4gzL+bkxJ2QRdiyZdKJJMswbm5JDpX6PLsrzPmN314lKIHQx3t NNXkbfHL/PxuoUtWLKg7/I3PNnOgNnDqCgqpHJuhU1AZeIkvewHsYu+urT67tnpJ AK1Z4CgRxpgbYA4YEV1rWVAPHX1u1okcg85rc5FHK8zh46zQY1wzUTWubAcxqp9K 1IqjXDDkMgIX2Z2fOA1plJSwugUCbFjn4sbT0t0YuiEFMPMB42ZCjcCyA1yysfAd DYAmSer1bq47tyTFQwP+2ZnvW/9p3yJ4oYWzwMzadR3T0K4sgXRC2Us9nPL9k2K5 TRwZ07wE2CyMpUv+hZ4ja13A/1ynJZDZGKys+pmBNrO6abxTGohM8LIWjS+YBPIq trxh8jxzgLazKvMGmaA6KaOGwS8vhfPfxZsu2TJaRPrZMa/HpZ2aEHwxXRy4nm9G Kx1eFNJO6Ues5T7KlRtl8gflI5wZCCD/4T5rto3SfG0s0jr3iAVb3NCn9Q73kiph PSwHuRxcm+hWNszjJg3/W+Fr8fdXAh5i0JzMNscuFAQNHgfhLigenq+BpCnZzXya 01kqX24AdoSIbH++vvgE0Bjj6mzuRrH5VJ1Qg9nQ+yMjBWZADljtp3CARUbNkiIg tUJ8IJHCGVwXZBqY4qeJc3h/RiwWM2UIFfBZ+E06QPznmVLSkwvvop3zkr4eYNez cIKUju8vRdW6sxaaxC/GECDlP0Wo6lH0uChpE3NJ1daoXIeymajmYxNt+drz7+pd jMqjDtNA2rgUrjptUgJK8ZLdOQ4WCrPY5pP9ZXAO7+mK7S3u9CTywSJmQpypd8hv 8Bu8jKZdoxOJXxj8CphK951eNOLYxTOxBUNB8J2lgKbmLIyPvBvbS1l1lCM5oHlw WXGlp70pspj3kaX4mOiFaWMKHhOLb+er8yh8jspM184= =5a6T -----END PGP PUBLIC KEY BLOCK----- From: Preston Maddock [mailto:[email protected]] Sent: Wednesday, May 18, 2016 3:58 PM To: Wei, Shu-Yen Subject: Trump's Ideal Treasury Secretary? Pat Toomey. FOR IMMEDIATE RELEASE May 18, 2016 CONTACT: Preston Maddock, [email protected]<mailto:[email protected]> TRUMP’S IDEAL TREASURY SECRETARY? PAT TOOMEY. Toomey, Trump Call For Repeal of Wall Street Regulations PENNSYLVANIA -- Donald Trump’s campaign has few actual policies, but some of the ones he’s articulated sound awfully similar<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a25/3182925306/VEsH/> to those of Senator Pat Toomey. This week, Trump previewed a “policy” that would repeal Dodd-Frank<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a24/3182925306/VEsE/> -- a law that protects Americans from the excesses and abuses of Wall Street. It’s no surprise that the proposal is music to Toomey’s ears. Wall Street’s own Senator has made repealing Dodd-Frank and deregulating the finance industry the focal point of his Senate tenure. “A disaster,” Toomey has called it -- a good reminder than Toomey will speak up for his banking bros, but literally goes into hiding<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a32/3182925306/VEsF/> when asked to denounce the vitriol of his Party’s presidential nominee. “At the end of the day, Donald Trump and Pat Toomey have nearly identical views on the most important policy issues facing Pennsylvania families,” said Preston Maddock, spokesman for the Pennsylvania Democratic Party. “Both of them would take us back to a time when banks would make risky trades that could blow up the economy and leave taxpayers paying the tab. That may help Toomey’s and Trump’s friends on Wall Street, but it will never ‘Make America Great Again.’” BACKGROUND: TOOMEY OPPOSED WALL STREET REFORM, CALLING IT “A DISASTER,” WORKED TO REPEAL THE LAW… Toomey Said “I Think Dodd-Frank Is A Disaster.” “‘I think Dodd-Frank is a disaster,’ he said in a phone interview, ‘but I know the Democrats will circle the wagon around it, so that's tilting at windmills. There were multiple sources for these various ideas, and it started to become clear that [around] helping small companies raise capital there was broad agreement.’ Dodd-Frank is the comprehensive financial reform and consumer protection law written in response to the 2008 economic crisis. Toomey and many Republicans have argued the oversights are excessive.” [Allentown Morning Call, 3/9/12] Toomey Said He Would Repeal Wall Street Reform. “He also said he would repeal the Dodd-Frank Act, which he said is causing problems for small community banks. Toomey said he had helped launch a community bank in the past and had served as co-chairman of the bank's board of directors. ‘I don't know how community banks will be able to continue, because of the cost of compliance’ with the Dodd-Frank Act and other government regulations, he said. The burdensome regulations force small banks to sell out to bigger ones, ‘so you lose that small-town ability to provide capital,’ he said.” [Towanda Daily Review, 8/30/13] Pittsburgh Post-Gazette Editorial: “Worse, Mr. Toomey” Co-Sponsored “A Bill That Seeks To Repeal The Entire Wall Street Reform And Consumer Protection Act.” An October 2011 Pittsburgh Post-Gazette editorial said: “Worse, Mr. Toomey also is a co-sponsor of S. 746, a bill that seeks to repeal the entire Wall Street Reform and Consumer Protection Act.” [Pittsburgh Post-Gazette, Editorial, 10/6/11] · Toomey Co-Sponsored A Bill To Repeal Provisions Of The Dodd-Frank Wall Street Reform And Consumer Protection Act. In April 2011, Toomey co-sponsored: “A bill to repeal provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.” [CQ, Accessed 10/4/15<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a23/3182925306/VEsC/>; S.746, Co-Sponsored 4/6/11, Introduced 4/6/11<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a22/3182925306/VEsD/>] Toomey Supported Repealing The Dodd-Frank Bill For Wall Street Reform. “RCP: Do you think Dodd-Frank ought to be repealed? Toomey: Yes, absolutely. I think Dodd-Frank actually probably increases the risk of failure of the large financial institutions. I think it's enormously expensive and complicated. It's going to drive big and complex financial institutions to go offshore, overseas and run their business out of Europe or Asia. And the cost of compliance is going to be so onerous for the very small banks, which provide a huge, important amount of credit for small business, that I think they're going to be forced to consolidate.” [Real Clear Politics, 6/23/11<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a21/3182925306/VEsA/>] Sen. Menendez Called Toomey A “Former Wall Street Executive Who Made His Money Trading Derivatives” And In The House He “Not Only Racked Up An Extreme Right-Wing Voting Record, But He Also Championed Freewheeling Wall Street Practices”“Sen. Robert Menendez of New Jersey, chairman of the Senate committee charged with electing Democrats, tags Toomey as ‘a former Wall Street executive who made his money trading derivatives’ after a House stint in which he ‘not only racked up an extreme right-wing voting record, but he also championed freewheeling Wall Street practices.’” [Associated Press, 7/19/10] …AND REPEATEDLY VOTED TO DO SO Toomey Voted For FY 2014 Ryan Budget. In March 2013, Toomey voted for: “Murray, D-Wash., amendment no. 433 that would replace the text of the resolution with language to provide $2.769 trillion in new budget authority in fiscal 2014, not including off-budget accounts. It would assume that the spending levels required by the sequester remain in place and that non-war discretionary spending for all future years will be at post-sequester levels. It would assume that all discretionary savings from the sequester beginning in fiscal 2014 will come from non-defense programs. It would assume $4.6 trillion in reductions over the next 10 years in both discretionary and mandatory spending. It would assume repeal of the 2010 health care overhaul and a restructuring of Medicare into a ‘premium support’ system beginning in 2024.” The amendment was rejected 40-59. [CQ, 3/21/13<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a20/3182925306/VEsB/>; S.Amdt. 433 to S.Con.Res. 8, Vote 46, 3/21/13<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a1f/3182925306/VEsO/>] · Seattle Post-Intelligencer: FY 2014 Ryan Budget Would “Roll Back 2010 Wall Street Reform Legislation.” “Ryan, chairman of the House Budget Committee, rolled out his new budget on Tuesday, a document reminiscent of his old budget that Democrats ran against in the 2012 election. It would partially privatize Medicare, slash Medicaid and food stamps by turning them into block grants, abolish the Affordable Care Act (‘Obamacare’), roll back the 2010 Wall Street reform legislation, and throw open federal lands in all places to all kinds of drilling and gouging proposed by Big Oil and Big Coal.” [Seattle Post-Intelligencer, 3/12/13<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a1e/3182925306/VEsP/>] Toomey Voted For FY 2013 Ryan Budget. In May 2012, Toomey voted for a: “Conrad, D-N.D., motion to proceed to the concurrent resolution that would allow $2.794 trillion in new budget authority for fiscal 2013, not including off-budget accounts.” The motion failed 41-58. [CQ, 5/16/12<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a1d/3182925306/VEsHBQ/>, H.Con.Res. 112, Vote 98, 5/16/12<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a1c/3182925306/VEsHBA/>] · Washington Post’s Wonkblog: FY 2013 Ryan Budget Repealed Parts Of Dodd-Frank Without Proposing An Alternative, Would “Bring Us Back To The Pre-Dodd Frank Era.” “On financial regulation, Paul Ryan’s 2013 budget basically cuts-and-pastes its recommendations from last year: it wants to repeal parts of Dodd-Frank that give new power to federal regulators to break up big banks, arguing that the regulations actually make bailouts more likely, not less so. Ryan isn’t proposing an alternative, however, so his plan to repeal the government’s new ‘resolution authority:’ would bring us back to the pre-Dodd Frank era — which was also, of course, the era in which bank bailouts proved necessary.” [Washington Post, Wonkblog, 3/20/12<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a1b/3182925306/VEsHBw/>] · Los Angeles Times Editorial: Ryan Budget Would Repeal “New Federal Restrictions On Wall Street.” “For the second time in as many years, the House Republican leadership has put forward a deficit-cutting budget plan that's more of a political statement than a governing blueprint. The proposed budget for fiscal 2013 promotes a long list of conservative policies that are only tangentially related to the federal fisc — for example, repealing new federal restrictions on Wall Street and ending the moratorium on offshore oil drilling. Even the proposals that are purely fiscal in nature rely on changes in law that Senate Democrats won't support, such as repealing the 2010 healthcare reform law.” [Los Angeles Times, Editorial, 3/21/12<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a1a/3182925306/VEsHBg/>] # # # Paid for by the Pennsylvania Democratic Party and not authorized by any candidate or candidate committee. www.padems.com This email was sent to: [email protected] If that is not your preferred email address, you can update your information here.<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a19/3182925306/VEsHAQ/p/eyJKU1ZGVFVGSlRDVWwiOiJXZWlTQGRuYy5vcmcifQ==/> We'd hate to see you go, but if you need to do so, click here to unsubscribe<http://act.padems.com/page/m/5dcdb8ef/2d698ac4/3476b7c3/47506a18/3182925306/VEsHAA/p/eyJKU1ZGVFVGSlRDVWwiOiJXZWlTQGRuYy5vcmcifQ==/> from the Pennsylvania Democratic Party emails.