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15 CRAs: Draining The Regulatory Swamp
Continuing The 'Most Ambitious Regulatory Rollback Since Reagan,' Congress Scraps Another Bureaucratic Rule FIFTEEN: Overturning A Rule That Could Have Meant Higher Credit Card Rates And 'A Bonanza For Trial Lawyers' SEN. MIKE CRAPO (R-ID), Senate Banking, Housing, and Urban Affairs Committee Chairman: "[T]he entire purpose of this rule is to promote class action litigation and to stop arbitration resolution when there is a dispute…. The CFPB failed to demonstrate that consumers will… Continue Reading
10.20.17
Budget Passage ‘A Major Step Forward’ ‘To Overhaul The Tax Code’
SEN. MIKE ENZI (R-WY): "This budget resolution is the first step to pro-growth tax reform, as it will provide the fiscal headroom needed for the tax-writing committees in the Senate and the House to produce tax reform legislation… Hardworking families deserve a system that works for everyone in order to provide higher wages and more jobs. Pro-growth tax reform can help U.S. businesses and their workers compete in the global marketplace, spur investment and job growth here at home, and fr… Continue Reading
10.19.17
Dems & Debt: ‘Just Put It On The National Credit Card’
DEM RHETORIC: 'We Don't Want A Reform To Balloon The Debt' SEN. CHUCK SCHUMER (D-NY): "…we don't want a reform to balloon the debt… we should not pile hundreds of billions, maybe trillions more on top of the debt. Tax reform should be deficit neutral." (Sen. Schumer, Congressional Record, S.5244, 9/13/2017) REALITY: 'This Budget Resolution Puts Our Nation On A Path To Balance' SEN. MIKE ENZI (R-WY): "This budget resolution puts our nation on a path to balance by restraining fe… Continue Reading
10.18.17
‘Lower Taxes On Small Businesses’
'Reforming Our Nation's Tax System Is A Top Priority For Small Businesses And American Entrepreneurs' SEN. SUSAN COLLINS (R-ME): "We need to provide true tax relief to our small businesses, the job creators in our economy…. [My amendment] would send the message that through tax reform, we can help our small businesses thrive and be the engine of job creation and economic growth in communities all across our great country." (Sen. Collins, Floor Remarks, 10/18/2017) SEN. COLLINS: "Most … Continue Reading
10.17.17
What Changed, Democrats?
Sen Schumer Two Years Ago: 'By Standing Still, The United States Has Fallen Behind Other Countries' UNIFIED TAX REFORM FRAMEWORK: "First, make the tax code simple, fair and easy to understand. Second, give American workers a pay raise by allowing them to keep more of their hard-earned paychecks. Third, make America the jobs magnet of the world by leveling the playing field for American businesses and workers. Finally, bring back trillions of dollars that are currently kept offshore to reinvest … Continue Reading
10.16.17
Turning The Page On President Obama’s Lost Decade
SEN. MITCH McCONNELL (R-KY): "For many Americans … the last 10 years have been a lost decade where the economy stumbled and opportunities declined. They suffered through stagnant paychecks, a lack of steady work, and retirement that slipped further away by the day. Maybe you are one of the millions of American workers who feel this way. You deserve better. You deserve an economy that lives up to its potential once again: with more jobs, fairer taxes, and bigger paychecks." (Sen. McConnell… Continue Reading
10.12.17
Economists: Tax Reform ‘Imperative’
'The Country Must Not Miss This Opportunity' 'This Plan Is Pro-Growth … Pro-Work,' & 'Would Boost Wage Growth' DOUGLAS HOLTZ-EAKIN, Former CBO Director: "[R]emember that doing nothing is dangerous to America. The fact that the economy is stuck in low gear has visited distress on large swaths of the labor market and household sector. Headquarters of U.S. firms continue to migrate overseas to competitor companies. Trillions of dollars of global earnings are locked out of the United S… Continue Reading
10.06.17
American Manufacturers: Our Future ‘Depends On Enacting Bold Tax Reform’
"President Trump will resume his push for tax cuts on Friday with an Oval Office meeting designed to highlight the manufacturing industry… Trump will host more than a dozen manufacturing industry employees and executives and issue a proclamation making Oct. 6 'National Manufacturing Day,' according to a White House statement provided to USA TODAY." ("Trump To Resume Tax Cut Push…" USA Today, 10/5/2017) TAX FRAMEWORK: 'Domestic Manufacturers Will See The Lowest Marginal Rates In … Continue Reading
10.05.17
Budget ‘Essential’ For Tax Reform
'It Is Crucial That A Budget Resolution Is Swiftly Passed So That Tax Reform Efforts Can Move Forward' Budget Resolution Is The 'Critical First Step To Advance A Tax Overhaul To Turn Our Nation's Economic Tide' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "Later today, [Sen. Enzi] will lead his committee in marking up a comprehensive budget for Fiscal Year 2018 that will help our country achieve balance by reining in federal spending. It will also help our economy grow, and one of the ways… Continue Reading
10.03.17
‘A Historic Opportunity’ For Tax Reform
'The Republican Tax Reform Plan Will Turbo-Charge The Economy' 'The Framework Released Today Represents A Transformation Of America's Tax Code And Would Help The Middle Class' DAVID WILLIAMS, Taxpayers Protection Alliance President: "…a pro-growth tax code that will transform the American economy. The four million wordlong tax code strangles individuals, entrepreneurs and businesses alike in billions of dollars in compliance costs. …the comprehensive tax overhaul in 1986 demons… Continue Reading
10.03.17
‘Cut The Red Tape’
Like Congress, President Trump 'Followed Through' On His Pledge To Ease Regulatory Burdens 'Lots Of Presidents Talked About Getting Rid Of Bad Regulations - Trump Is Actually Doing It' "Getting rid of unneeded regulations may be the single-most effective spur to economic growth that's available to the federal government. Thankfully, unlike most recent presidents, President Trump is taking the job of cutting bad regulations seriously. That can be evidenced by the special 'Deregulation Day' th… Continue Reading
09.29.17
Tax Reform: ‘Getting America Going Again And Growing Again’
Senate GOP: 'The Reason We Want This Tax Code Changed Is To Put People Back To Work And To Change Lives Here In America' SENATE MAJORITY LEADER MITCH McCONNELL (R-KY): "It's time to take more money out of Washington's pockets, and put more of it in the pockets of Americans." (Sen. McConnell, Press Release, 9/27/2017) SEN. McCONNELL: "To summarize what this is about, it is about getting America going again and growing again. Providing jobs and opportunity here rather than overseas. Providin… Continue Reading
09.28.17
Tax Reform: ‘Welcome And Long Overdue’
'Good News For Main Street Businesses And The Families That Work For Them' 'Tax Reform … Will Spur Economic Growth For All Americans' U.S. CHAMBER OF COMMERCE: "Tax reform will help families who are struggling to make ends meet and employers who want to grow their business and create new jobs. The U.S. Chamber is pleased to see consensus among Congressional leaders and the administration on a plan that will kick-start long overdue reform. Now, we are entering into a crucial new phas… Continue Reading
09.28.17
More Jobs. Fairer Taxes. Bigger Paychecks
SENATE FINANCE COMMITTEE REPUBLICANS: 'Goal Is To Make The Tax Code Simpler, Fairer And More Competitive' SEN. ORRIN HATCH (R-UT), Finance Committee Chairman: "For too long, Americans have been bogged down by an outdated tax code that runs counter to the goal of growth and fails to promote jobs and investment here at home… Providing much-needed relief - whether it be doubling the standard deduction or expanding the Child Tax Credit - will help lift the middle class and let hardworking fa… Continue Reading
09.22.17
Tax Reform: A Boost To Small Businesses, Job Creation
Small Business Owners Say With Tax Reform 'They Will Reinvest In Their Companies And Hire More People' SEN. ORRIN HATCH (R-UT): "Our chief goals, particularly in business tax reform, are to increase economic growth, create new jobs, grow wages for the employees of both large and small businesses, expand opportunities for all Americans and improve standards of living for everyone in the United States." (U.S. Senate Finance Committee Hearing, 9/19/2017) U.S. SMALL BUSINESS ADMINISTRATION ADMINIS… Continue Reading
09.20.17
Tax Reform: Ending America’s ‘Competitive Disadvantage’
Allowing Job Creators 'To Reinvest, Expand, Create New Jobs, And Increase Wages' 'That Means Real Benefits For Middle Income Families' 'The Key Here Is To Incentivize New Investment, To Increase Productivity, Which Ultimately Makes Everyone Better Off In The Long Run' SENATE FINANCE COMMITTEE CHAIRMAN ORRIN HATCH (R-UT): "Our chief goals, particularly in business tax reform, are to increase economic growth, create new jobs, grow wages for the employees of both large and small businesses, expan… Continue Reading
09.15.17
Tax Reform: ‘Focused Squarely On Helping The Middle Class’
Tax Relief Means 'Means Quality Jobs, Higher Wages, And Growth In Our Communities' SENATE FINANCE COMMITTEE CHAIRMAN ORRIN HATCH (R-UT): "[W]e are focused squarely on helping the middle class, and recent proposals to reform the individual tax system reflect that… Tax reform, if it's done right, can … provide much-needed relief and opportunity for millions of middle-class families. That, once again, is our goal in tax reform - it is, in fact, a driving force behind our efforts. "… Continue Reading
09.14.17
Tax Reform ‘Imperative’
Taxpayer Advocate: 'Simplify The Internal Revenue Code Now' SEN. MITCH McCONNELL (R-KY): "It's been more than 30 years since we last passed comprehensive tax reform legislation, and since then, the international economy has only grown more competitive. That's why it's imperative that we do what we can to modernize our tax structure as we also better-prepare America's workforce for the many challenges and the global competition that face us in today's economy." (Sen. McConnell, Floor Remarks, 6/… Continue Reading
09.06.17
'Time Has Come To Fix The Federal Tax Code’
Tax Reform That's 'Pro-Growth, Pro-Jobs, Pro-Worker And Pro-American' PRESIDENT TRUMP: "Today, the hopes and dreams of American workers and their families remain a top priority for my administration. That is why we are launching efforts to reduce the crushing tax burden that is harming our companies and our workers. Our self-destructive tax code costs Americans millions of jobs, trillions of dollars and billions of hours spent on compliance and paperwork. To fix this, we have made the foundatio… Continue Reading
08.02.17
‘Republicans Will Seek To Lower Tax Rates’
'The Single Most Important Action We Can Take To Grow Our Economy And Help The Middle Class Get Ahead Is To Fix Our Broken Tax Code For Families, Small Business, And American Job Creators' SEN. MITCH McCONNELL (R-KY): "…just last week, the Administration and congressional leaders - and most importantly the chairmen of the Senate Finance and House Ways and Means Committees - issued a joint statement outlining shared principles for unleashing the American economy through comprehensive tax … Continue Reading
