GOP Senator Toomey Says He Won’t Seek Re-Election in 2022
(Bloomberg) -- Republican Senator Patrick Toomey said Monday he won't seek re-election in 2022, setting up a competitive race in Pennsylvania for the next midterm election.
Toomey said he'll serve the rest of his current term and is announcing his decision now to give the Republican Party time to field the best possible candidate. Since President Donald Trump won the Pennsylvania in 2016, Democrats have made gains in the closely divided state and have a number of candidates who've won statewide seats and could be contenders for the Senate.
Speaking in a news conference, the Pennsylvania Republican said he plans to return to the private sector and spend more time with his family. He said he won't run for Pennsylvania governor.
The main factors in his retirement decision were personal not political, Toomey said, citing his views on term limits.
“I committed myself to limiting my terms in the House,” Toomey said, in reference to the six years he served in the House, followed by 10 years in the Senate.
When asked why he chose to announce his retirement now, Toomey said he was receiving inquiries on how to help with his re-election and he wanted to be honest with his would-be supporters.
“Once I reached the decision, I need to be candid with them,” he said. “I made a decision, it's not going to change, so I should let everybody know.”
The Philadelphia Inquirer reported news of Toomey's retirement Sunday.
The senator said he hopes to be chairman of the Banking Committee during his last two years, working alongside a re-elected President Trump. He also said he believes it is safe to continue with the hearings to confirm Supreme Court nominee Amy Coney Barrett.
“I think we should go forward on this,” Toomey said. “I think we can go forward safely.”
Toomey said he hopes to make permanent the 2017 tax provisions that are about to expire. He also hopes to “see our country pursue free-trade agreements” while finishing out his term.
Toomey was first elected to Senate in 2010 and was re-elected in 2016. He describes himself as a fiscal conservative, while also willing to work with Democrats on some issues.
He partnered with Democratic Senator Joe Manchin on bipartisan gun control legislation in 2013 asking for tighter background checks, making him one of the only Republicans willing to tackle gun control issues.
©2020 Bloomberg L.P.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.