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Tong said in 2008 09, the country bailed out the entire financial system. "It is time they bailed us out," he asserted. He said the recent $25 billion settlement with the biggest banks involved in the housing crisis was not enough.
Murphy said he previously voted to change the rate, but did not on that particular occasion for cost reasons.
He said what is needed is a wholesale revamping of the tax code.
Murphy said he voted to raise the debt ceiling and he would do it again. The congressman said Republicans wanted to hold the economy hostage as part of the debt ceiling discussion and privatize Social Security.
Rep. Christopher Murphy, D Conn., speaks at a news conference in Hartford, Giuseppe Zanotti Pink Conn. Sen. Richard Blumenthal, D Conn. Murphy, Bysiewicz and state Rep. Senate seat being vacated by Joseph Lieberman, an independent who is retiring. Senate, in their first debate, saw Christopher Murphy as the one to beat and directed most of their criticism at the job he has done in Washington.
Tong said Linda McMahon, who Democrats believe will be the GOP candidate, will make the case that she is a political outsider who can get things done in Washington.
"I don't apologize for my public service," Murphy said. The congressman said he has been successful in the 5th District despite it being heavily Republican.
"Much of what was in that bill would not have stimulated the economy. The overall cost of the bill was too big," Murphy said.
William Tong battle it out at Senate debate in Norwich
He said Republicans want to reduce government to the point where it can no longer help people with the basics, such as housing and health care.
Bysiewicz said she has had 12 years of working in the public sector and touted her experience running the secretary of the state's office. "it doesn't feel like a Jimmy Choo Wedding Pumps
The congressman said the story of how to help the middle class today is no Jimmy Choo Trainers Ebay
were better equipped to represent the middle class hurt by this economy.
Bysiewicz said her tax on security transactions would raise $10 trillion over 10 years and she criticized Murphy for not getting rid of all the corporate loopholes and not pushing to have NAFTA renegotiated since it has cost the country 1 million manufacturing jobs.
He explained that it was a small piece of a larger bill that added about $53 billion to the deficit.
Hackett said by extending the payroll tax cut, the nation's debt was raised.
Tong took on both his rivals, telling Bysiewicz that her transaction tax and Murphy's Buy America program did not constitute an economic plan to help manufacturing.
"She has suggested over and over again that I oppose ending the preferential tax treatment for carried interest. It is not true. I have voted . three separate times to end that loophole," Murphy said after the 90 minute debate.
different than it was 50 years ago, when there was a community that told his mother that if you worked hard and "played by the rules, " you will succeed.
Bysiewicz, as she has done numerous times in the past few weeks, continued to criticize Murphy for his May 28, 2010, vote against fixing the low tax rate on hedge fund gains.
He said that, unlike Murphy and Bysiewicz, he has not spent his whole life in public office and would be a better candidate against McMahon.
Bysiewicz said she would take the revenue from the security transactional tax to invest in green technology like Germany has done, while also helping to refinance the 100,000 homeowners in the state whose properties are under water.
Murphy said he agreed with her that free trade has not been fair trade and he was opposed to NAFTA.
Bysiewicz, 50, emphasized her proposed transactional fee on the sale of securities to help those whose mortgages are under water, while Tong agreed that fixing the housing market and saving people's homes has to be done for the economy to turn around. "We can't grow this economy until we get past this mortgage crisis," Tong said. government to increase its purchases of American made goods.
fair fight. I feels like the deck is stacked against us," as he told the audience that we "can't look to the same players in Washington."
The candidates used personal stories to shore up their support for social programs that help Americans of past generations succeed, from the public housing that Murphy's mother grew up in, to the chance for Tong's immigrant Chinese parents to become citizens.
Susan Bysiewicz, the former secretary of the state, and state Rep. William Tong, D Stamford, in a conversational format moderated by Ray Hackett of the Norwich Bulletin, laid out their arguments as to why they Jimmy Choo Shoes Bridal
He said ending the war in Iraq and Afghanistan will make the $2 billion spent a week available to help bring down the country's debt.
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