Owens' new TV ad attacks Doheny as a 'Wall Street' banker who backs tax breaks to send jobs overseas
Wednesday, September 29, 2010 - 3:00 pm

Congressman Bill Owens has a second television advertisement running across the district.

Owens’ office says the ad highlights Republican nominee Matt Doheny’s “record as a Wall Street banker and his support for tax breaks for companies that send American jobs overseas.”

The ad says that while working for the Wall Street firm Deutsche Bank, Doheny led the restructuring efforts of Adelphia Communications, once one of the largest cable companies in America. Shortly after filing for bankruptcy, Adelphia’s board approved a proposal to pay $35 million in bonuses and nearly $6 million in severance packages for more than 200 executives including one executive who, according to the Rocky Mountain News, had $15 million in compensation approved at the same time workers were being fired. Roughly 500 employees were fired in total. In addition, the ad says that Doheny signed the Americans for Tax Reform Taxpayer Protection Pledge, which condones tax breaks for companies that ship American jobs overseas, according to the Owens campaign.

To view the ad, visit http://www.youtube.com/watch?v=g3o3RCl_wHo.