Allentown –  Toomey Communications Director Nachama Soloveichik released the following statement in response to Congressman Setak’s anti-jobs attack ad: “Joe Sestak has had all summer to think of something to say about his record in Washington, and he couldn’t come up with one thing that Pennsylvanians would like.  After Sestak voted 100% with Nancy Pelosi, and voted for the disastrous Obama health care bill, for the Wall Street bailouts, and for record national debt, it’s no surprise that his first television ad is 100% negative.”  “Like he has done so many times before, Congressman Sestak takes Pat Toomey’s comments out of context.  In the 2007 video, Pat was merely trying to explain that consumers ultimately pay for taxes on businesses through higher prices.  Pat agrees with President Obama’s own expert tax panel which proposed cutting the tax on businesses to make U.S. companies more competitive.  Pat understands that a zero tax rate on businesses is impractical for a host of reasons, and that’s why he has consistently argued for lowering taxes on businesses to create jobs, and that’s a major difference between Pat and Joe Sestak.  Pat believes jobs comes from cutting taxes and reducing deficits and Sestak believes jobs come from more Washington spending and a failed stimulus bill.” Background President Obama’s Expert Panel Supports Lower Taxes on Businesses President Obama’s own expert tax panel argued that the country’s business tax was “deeply flawed and in need of reform,” and proposed cutting the business tax rate. (Reuters, 8/27/10) Congressman Sestak’s Appalling Record on Job Creation Setak voted for cap-and-trade legislation (RC #477, 06/26/09) that would kill tens of thousands of Pennsylvania jobs.  44 Democrats voted against it, including 4 Pennsylvania Democrats.  Sestak even said the legislation didn’t go far enough. Sestak: “I was disappointed in this bill because I thought it was eviscerated during the process too much.  I did vote for it however because it’s better than not having it done. (Netroots Nation, 08/14/09)Sestak: “I pushed hard for the cap-and-trade bill.  The one the House passed should have been even more.” (Senate Forum Urban Issues, 05/03/00)According to the Pennsylvania Public Utility Commission: The Cap and Trade Bill will have a “profound adverse impact” on the Commonwealth.  It will also results in a net loss of as many as 66,000 jobs and a sizable hike in electric bills of residential consumers. (Letter to PA Congressional Delegation, 05/07/09)According to the Beacon Hill Institute, Pennsylvania will lose 47,549 jobs by 2020 and 480,852 by 2050. (The Beacon Hill Institute, June 2009)According to projections by the Energy Information Administration and the nonpartisan CBO, the net effect of the cap-and-trade bill will likely be to slow future job growth. (Factcheck.Org, 10/27/09)Sestak voted for a government-run health care bill that would impose billions of dollars in taxes on small businesses (Energy and Commerce Committee, 07/17/09) (RC #887, 11/07/09) (H.R. 3590, CQ Vote #165, 3/21/10)The CBO said about the health care bill that: “A play-or-pay provision would reduce the hiring of low-wage workers, whose wages could not fall by the full cost of health insurance or a substantial play-or-pay if they were close to the minimum wage.” (CBO, 07/13/09)Middle-income taxpayers will be hit with $3.9 billion in new taxes in 2019 alone according to the Joint Committee on Taxation. (The Hill, 04/12/10)The President/CEO of the Greater Pocono Chamber of Commerce said the health care law “will be catastrophic to the business owner.” (Pocono Record, 03/21/10)The Pennsylvania chapter of the National Federation of Independent Business called the new health care law “devastating” and criticized the legislation for being “paid for on the backs of small business.” (NFIB)Medical equipment companies in Pennsylvania are being hit with a new tax because of the health care bill. (The Times Leader, 03/28/10, Morning Call, 03/26/10)Sestak supported irresponsible bailouts at the expense of taxpayers on Main Street.Sestak voted to bail out Wall Street (RC #674, 09/29/08, RC #681, 10/03/08).  He even said, “this was the most consequential vote I have taken these two years.” (09/30/08)Sestak voted to release the second round of bailout funds for Wall Street. (RC #27, 01/22/09)Sestak voted to bail out Fannie Mae and Freddie Mac. (RC #519, 07/23/08)Sestak is sponsoring The Home Ownership Vesting Plan Act of 2009 (HR 1356) that would force hardworking homeowners to bailout other people’s mortgagesSestak voted to bail out the auto companies. (RC #690, 12/10/08) Sestak co-sponsored and is a current cosponsor of Card Check (HR 800, RC #118, 03/01/07) (HR 1409)According to a study done by the Alliance to Save Main Street Jobs, the unionization of 1.5 million existing jobs under EFCA in year one would lead to the loss of 600,000 jobs by the following year. (“An Empirical Assessment of the Employee Free Choice Act: The Economic Implications,” Alliance to Save Main Street Jobs, 03/05/09)Many groups like the Chamber of Commerce and the National Federation of Independent Business oppose the legislation