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Currently showing results related to Economy
Draining the Regulatory Swamp
'The Most Far-Reaching Regulatory Reform [Effort] In American History' SEN. MITCH McCONNELL (R-KY): Under President Obama "the problem was America was underperforming -- not a single year of 3 percent growth during the Obama years. We attributed that to excessive regulation and a failure to address the tax code. This administration, working with us, through the Congressional Review Act, repealed 15 of the Obama-era regulations and, by the appointments that they made, all confirmed by the Senate… Continue Reading
12.21.17
‘Bonuses To Hundreds Of Thousands Of Workers After Tax Bill’
AT&T, Comcast, Fifth-Third Bank, Wells Fargo, & Boeing Immediately Announce Plans To Raise Wages & Benefits For Their Workers "AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill" ("AT&T, Comcast Giving $1,000 Bonuses To Hundreds Of Thousands Of Workers After Tax Bill," CNBC, 12/20/2017) COMCAST: "Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced th… Continue Reading
12.20.17
‘Undeniable Math’
'Most People Are Going To Pay Less' In Federal Income Taxes TAX EXPERTS: 'Most People Are Going To Pay Less' "…the undeniable math is that most people are going to pay less." ("The Daily 202: The Tax Bill Is Likely To Become More Popular After Passage. Here's How Republicans Plan To Sell It.," The Washington Post, 12/20/2017) JOINT COMMITTEE ON TAXATION Non-Partisan TAX FOUNDATION: 'We've Run The Taxes Of Eight Example Households… Our Results Indicate A Reduction In Ta… Continue Reading
12.20.17
Tax Reform To Repeal The Individual Mandate Tax
Individual Mandate Repeal 'A Tax Cut For Low-Income Americans' "The tax bill would repeal ObamaCare's individual mandate, a major accomplishment for Republicans in chipping away at the health-care law." ("Week Ahead: GOP Poised To Repeal Obamacare Mandate," The Hill, 12/18/2017) "The tax bill that looks like it's about to become law would strike a blow to a fundamental part of Obamacare. … The bill would repeal the individual mandate, the provision in the ACA that requires individuals t… Continue Reading
12.19.17
ANWR: ‘This Year Is Different’
SEN. MURKOWSKI: 'The Economic Benefits Will Be Substantial, Our National Security Will Be Strengthened' SEN. MITCH McCONNELL (R-KY): "There is one more element of this bill that deserves special attention. It provides the nation, and particularly the people of Alaska, with a tremendous opportunity to develop the state's bountiful natural resources. In 1980, Congress set aside a particular non-wilderness area within Alaska's National Wildlife Refuge for potential development of its oil and gas r… Continue Reading
12.18.17
A ‘Massive Victory’ For The American People
Sen. Enzi: 'This Is Legislation Designed To Help People At Every Level' PRESIDENT TRUMP: "This is going to be one of the great gifts to the middle-income people of this country that they've ever gotten for Christmas." ("With Their Tax Bill, Republicans Prepare For A Long-Awaited Win," CNN, 12/28/2017) 'The Kind Of Herculean Lift Many Doubted Congress Could Pull Off' "Republicans are on the brink of passing a nearly $1.5 trillion tax overhaul, and at this point, it looks like nothing can sto… Continue Reading
12.15.17
A Clear And Present Danger
SEN. MCCAIN: 'The Lack Of Stable, Sufficient, And Predictable Funding Has Had A Devastating Impact On Our Armed Forces' SEN. MITCH McCONNELL (R-KY): "Our nation faces myriad threats from around the globe, and it is the Senate's responsibility to provide the service chiefs with the resources to train and equip our warfighters-and provide them with the resources they need to keep us safe. The diverse challenges posed by Iran, China, Russia, North Korea, ISIL, al-Qaeda, and its affiliates span the… Continue Reading
12.13.17
Tax Reform ‘On The Cusp Of A Historic Moment’
PRESIDENT TRUMP: 'We're Very, Very Close To A Historic Legislative Victory' REP. BRADY: 'We're Coming Together As A Conference Committee With One Singular Mission In Mind - Finalizing The Tax Cuts And Jobs Act, And Delivering Transformational Tax Reform' PRESIDENT TRUMP: "…I want to thank the incredible members of the House and the Senate, who have been working so hard. We're very, very close to a historic legislative victory, the likes of which rarely has this country seen. I think I… Continue Reading
12.12.17
‘China Fears The Tax Changes Could Make The U.S. A More Attractive Place To Do Business’
'In The Beijing Leadership Compound Of Zhongnanhai, Officials Are Putting In Place A Contingency Plan To Combat Consequences For China Of U.S. Tax Changes…' 'Beijing Fears The Tax Changes Could Make The U.S. A More Attractive Place To Do Business' "Beijing fears the tax changes could make the U.S. a more attractive place to do business and, combined with expected higher U.S. interest rates, sap investment from China." ("U.S. Tax Plan Draws Attacks Abroad…" The Wall Street Journ… Continue Reading
12.12.17
Manufacturers Bullish On Tax Reform
'Manufacturers Are Saying Loudly And Clearly That More Jobs, Better Pay And Manufacturing Growth Are On The Horizon' "The National Association of Manufacturers said Monday its latest quarterly CEO survey reflects historically high optimism on expectations for the passage of tax reform in Washington. The trade group said CEO optimism - hitting a high mark in 20 years of the survey - should send a message to legislators that failure to enact the bill would be a blow to American business." ("Man… Continue Reading
12.08.17
Ready To Finalize Tax Reform Legislation
Senate Conference Committee Members Work To 'Send A Final Bill To The President's Desk' And 'Provide Relief To Families And Small Businesses' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "Last week, Senators answered the calls of our constituents by voting to overhaul our complex and outdated federal tax code. We seized the opportunity to spur economic growth, to help create jobs right here at home, and to take more money out of Washington's pocket and put more money into the pockets of hardw… Continue Reading
12.07.17
Tax Reform: ‘Good For The Middle Class’
Sen. Rounds: 'The Tax Reform Bill … Takes Meaningful Steps To Reform Our Tax Code In A Manner That Will Allow Businesses To Flourish Again And Families To Keep More Of Their Hard-Earned Dollars' SEN. MITCH McCONNELL (R-KY): "For many Americans the legacy of the Obama economy is sluggish growth, stagnant paychecks and missed opportunities. A lost generation of workers still struggle with the consequences of the Great Recession and find it nearly impossible to get ahead. One of the biggest… Continue Reading
12.04.17
‘Historic Tax Relief’
Senate Republicans 'Passed The Most Sweeping Tax Rewrite In Decades' 'Taking A Big Step Toward … [A] Major Legislative Triumph' PRESIDENT TRUMP: "We're now one huge step closer to delivering to the American people … historic tax relief …" (President Trump, "Remarks by President Trump on Antiquities Act Designations," 12/04/2017) SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "We have an opportunity now to make America more competitive, and to keep jobs from being shippe… Continue Reading
11.30.17
100+ Economists Laud Pro-Growth Tax Reform
Estimate A Gross Domestic Product (GDP) Boost Of 'Between 3 And 5 Percent' ECONOMISTS: 'Economic Growth Will Accelerate If The Tax Cuts And Jobs Act Passes, Leading To More Jobs, Higher Wages, And A Better Standard Of Living' 137 Economists: "'Ask five economists,' as the Edgar Fiedler adage goes, 'and you'll get five different answers.' Yet, when it comes to the tax reform package aimed at fixing our broken system, the undersigned have but one shared perspective: Economic growth will accele… Continue Reading
11.29.17
‘Reducing Taxes For The Middle Class’
The Senate 'Finance Committee Plan Cuts Tax Rates Across The Board' 'Laser-Focused… On Reducing Taxes For The Middle Class' SEN. ORRIN HATCH (R-UT): "[W]e have been laser-focused… on reducing taxes for the middle class. And that is exactly what this bill will do." (Sen. Hatch, Press Release, 11/10/2017) FINANCE COMMITTEE: "The Finance Committee plan cuts tax rates across the board. The proposal also repeals a number of tax credits and benefits that predominantly benefit wealthy … Continue Reading
11.28.17
An ‘Excellent Tax Bill For Small Business’
Small Business Advocates Agree: Senate Tax Bill Is 'Exactly What Small Business Owners And Entrepreneurs Need Right Now In Order To Grow' SEN. RISCH: 'The Aim Of This Entire Exercise Is To Reduce The Burden On Taxpayers And Create An Environment That Enables Families And Businesses, Particularly Small Businesses, To Thrive' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "These are the job generators that produce most [of the] jobs in America. And every small business group I can think of is … Continue Reading
11.27.17
Economists Laud Pro-Growth Tax Reform
ECONOMISTS: 'The House And Senate Finance Bills Would Achieve' 'Pro-Growth Objective' WALL STREET JOURNAL: "…a letter from some of the country's most distinguished economists making the case that the House and Senate reforms will significantly raise U.S. growth potential." (Editorial, "Tax Reform, Growth and the Deficit," Wall Street Journal, 11/27/2017) "Dear Mr. Secretary: The present debate over tax reforms proposed by President Trump's administration and embodied in bills that ha… Continue Reading
11.17.17
Huge Steps Forward On Tax Reform
First The House Of Representatives, Then The Senate Finance Committee Passed Sweeping Tax Reform legislation House Passage A 'Key Milestone,' 'Significant Leap Forward' In Republicans 'Quest To Cut Taxes For Businesses And Individuals' SPEAKER RYAN: "We need to restore growth. We need to restore opportunity. We need to restore this beautiful thing we affectionately call the American Idea. Passing this bill is the single biggest thing we can do to grow the economy, to restore opportunity, and… Continue Reading
11.17.17
‘A Pro-Growth, Pro-Family Proposal That Will Reduce Taxes’
Conservative Groups Say Senate Tax Reform Plan 'Simplifies The Code, Reduces Taxes For Families And Businesses, And Grows The Economy' AMERICANS FOR TAX REFORM: "The Senate's Tax Cuts and Jobs Act is a pro-growth, pro-family proposal that will reduce taxes on Americans at every income level and dramatically simplify the 70,000+ page tax code. It will also provide a much-needed overhaul to the outdated tax code so that businesses large and small will again be able to compete against foreign comp… Continue Reading
11.16.17
Job Creators: Senate Tax Plan Will ‘Energize Our Nation’s Economy’
'Momentum Is Building For Historic Tax Reform… That Lifts Everyone Up And Leaves No One Behind,' 'We Can Revitalize The Job Market And Reinvigorate Local Economies' 'Tax Reform Is Vital,' 'This Is A Proposal That Would Cut Taxes, Create Jobs And Energize Our Nation's Economy' JAY TIMMONS, National Association of Manufacturers President and CEO: "Momentum is building for historic tax reform, and the Senate's bold vision takes us one step closer to victory-to a plan that lifts everyone … Continue Reading
