| In the Senate |
 Webb Introduces Taxpayer Fairness Act |
| February 4 – Senator Webb introduced the Taxpayer Fairness Act, legislation that would impose a 50 percent tax on excessive bonuses paid by Wall Street banks and other firms that benefited from billions of taxpayer dollars in 2009. “Taxing excessive bonuses of TARP recipients offers equity and a level of fairness to the American taxpayers who bailed these companies out,” said Senator Webb. To read the full press release, please click here. To watch a video highlights from Thursday’s press conference, please click here. To read The Hill's article, "Boxer, Webb Target Wall Street Bonuses," please click here. |
| In Virginia |
 Webb Calls for Exploration and Development of Offshore Oil & Gas Resources |
January 27 – Senator Webb called on the Secretary of the Interior to promptly commence steps to ensure that the Virginia Lease Sale, for the development of oil and gas resources off the coast of Virginia, remains on track for 2011. “If accomplished with a fair and equitable formula for sharing of revenues between the federal and state government, the sale will attract well-paying jobs to the Commonwealth to support a range of projects, and it holds significant promise for boosting needed domestic energy production,” wrote Senator Webb. To read the full press release, please click here.
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