Massachusetts Democratic Representative Barney Frank made waves on Monday with the announcement that he will not seek reelection in 2012. During his 30 years serving in the House of Representative, Rep. Frank has become well known for being the most prominent gay politician in the United States, his leadership role on the House Financial Service Committee during the height of the financial crisis, and his infamously cheeky remarks on a wide variety of different issues.
Rep. Frank is less known for his many years of service standing up for good tax policy. During the George W. Bush years for example, his record on working against the irresponsible Bush tax cuts earned him a straight A’s on our Congressional Report Card. In fact, just last year Rep. Frank stood up against pressure from Republicans and the White House to become one of the strongest Democratic voices opposing the deal that extended the Bush tax cuts for two more years.
Because of his strong advocacy over the years, we were proud to have Rep. Frank as an honorary chairman of our 30th Anniversary Celebration a couple years back. We could not think of any better way to honor Rep. Frank than to share two of our favorite quotes of his on tax policy:
- “Tax cuts are fun, but I never saw a tax cut put out a fire. I never saw a tax cut make a bridge” Barney Frank, MSNBC, August 1, 2011
- “Remember that our debt crisis began when someone decided to get the joint prize, Nobel Prize, for economics and fiction by putting forward the theory that you could finance two wars with five tax cuts. That's what put us in the hole.” Barney Frank, CNBC, January 29, 2011
Photo of Barney Frank via World Economic Forum Creative Commons Attribution License 2.0