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Kentucky congressional candidate calls for Dodd-Frank repeal

Tom Wurtz

Kentucky congressional candidate Tom Wurtz criticized the Dodd-Frank Act on Monday, saying that the legislation “attacks financial institutions” and that the U.S. should repeal the legislation.

In the latest post on his column, Poli-ticked, Wurtz called for a repeal of the Dodd-Frank Act, citing the complexities of the rules and their potentially harmful effects on the U.S. financial system.

“Repeal Dodd-Frank and require our law enforcement agencies to do their jobs. If financial businesses are guilty of crimes, punish the guilty and leave the innocent alone,” Wurtz said.

Wurtz also advocated for the dissolution of industry giants Fannie Mae and Freddie Mac, noting the billions of dollars in bailouts shouldered by taxpayers.

“Congress must eliminate Fannie Mae and Freddie Mac,” Wurtz said. “These entities are nothing but centralize-planning tools that subsidize the mortgage industry and, as always, place the ultimate financial responsibilities of these mortgages on ‘We the People.’ These two government agencies have cost the taxpayers $150 billion in bailouts which may rise to $350 billion.”

Wurtz added that Congress should strip regulatory agencies of their power and reclassify them as “advisory agencies.”

“The U.S. Constitution authorizes Congress to pass legislation,” Wurtz said. “Regulatory agencies should never be permitted to control our lives. The more power Congress allocates to unknown bureaucrats, the more irrelevant our votes become.”

Wurtz, a resident of Northern Kentucky, is currently running for Kentucky’s fourth congressional district for the U.S. House of Representatives. Before running for political office, Wurtz was self-employed in the consulting industry.

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