Fiscal and Economic
More on Fiscal and Economic
November 16, 2017 Vote Notes on Legislation
I am convinced that the business side of this bill will produce dramatic growth for the national economy. However, I believe the personal income tax side does significant harm, particularly to many families in high-cost, high-tax states like California.
November 15, 2017 Speeches
This amendment assures that the tax reform bill leaves no taxpayer behind. It retains all the provisions on C-corporations and pass-throughs that are desperately needed to produce the kind of economic growth that our country is capable of. It strikes the provisions in the bill that change the personal income tax code and replaces them with a permanent, one percent across-the-board reduction in the rates in every bracket. This should fit within the existing budget authority and save an average family about $600 per year on their taxes.
November 10, 2017 Columns
In the last four national elections, Americans made it clear that we won’t accept the economic stagnation we’ve suffered during this past decade. Obama’s policies of higher taxes and greater regulatory burdens suppressed economic growth to a dismal 1 ½ percent annual average – about half the post-war growth rate of three percent.
November 8, 2017 Press Release
According to Arthur Laffer and Martin Feldstein, the business side of the tax reform will produce $5 trillion of growth over the next decade. MAGA! But we’re getting wrapped around the axle on the personal income tax side
October 27, 2017 Press Release
On Tuesday afternoon, I personally expressed to Secretary Zinke my strong objection to the proposed steep entrance fee hikes for our National Parks.
October 26, 2017 Speeches
Unsustainable government spending drives both taxes and debt. The budget resolution sets the spending architecture for the fiscal year. The House version provided for $200 billion of enforceable mandatory spending reductions over ten years and balanced within the decade.
October 4, 2017 Speeches
For the first time in many years, this budget uses the reconciliation process for the purpose it was intended: to bring mandatory spending under control.
September 7, 2017 Speeches
Two weeks after the 2016 election, I spoke on the House floor and warned that the greatest single obstacle to meeting the expectations of the American people was the cloture rule in the Senate. I said: “Voters elected Republican majorities in both houses of Congress and they expect action. They’ll get it from the President and from the House. But in order for the Senate to rise to this occasion, it must reform its cloture rule when it organizes in January.” It didn’t.
September 6, 2017 Speeches
This amendment eliminates the $150 million of discretionary spending wasted on one of the least essential programs in the entire United States Government, the so-called “Essential Air Service.” That is the program that subsidizes empty and near-empty planes to fly from small airports to regional hubs just a few hours away or less by car.
August 18, 2017 Speeches
Thank you for organizing this discussion on tax reform. I believe the most important mandate given to this administration and this Congress is to revive our economy. Our success or failure will largely be determined on achieving this objective and will be judged by the answer every American gives to Ronald Reagan’s question in both 1980 and 1984: “Are you better off than you were four years ago?