Press Releases
Currently showing results related to Economy
McConnell on Hugh Hewitt
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) joined Hugh Hewitt today to discuss the bipartisan deal reached to supplement the CARES Act. See below for highlights or click here to listen to the full interview. On Speaker Pelosi and Leader Schumer's Delay to Immediately Replenish the Paycheck Protection Program: "Yeah, that's a fact, an indisputable fact. A 12 day delay when we ran out of money for this popular small business program. The demand was enormous. They wa… Continue Reading
04.21.20
McConnell Welcomes Bipartisan Agreement to Continue Coronavirus Relief
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement today regarding an update on additional funding for the Paycheck Protection Program portion of the CARES Act: "I am encouraged that Democratic leaders have finally agreed to reopen the Paycheck Protection Program and abandon a number of their unrelated demands. "Republicans never wanted this crucial program for workers and small businesses to shut down. We tried to pass additional funding a wee… Continue Reading
04.15.20
McConnell and McCarthy on Democrats’ Lapse in the Paycheck Protection Program: “This Did Not Have to Happen”
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) and House Republican Leader Kevin McCarthy (R-CA), issued the following statement regarding the urgent need to replenish the Paycheck Protection Program portion of the CARES Act: "The Small Business Administration and the Department of the Treasury report that the Paycheck Protection Program will exhaust its funding in a matter of hours. It will have to stop accepting applications for job-saving loans. Democrats have spent days bl… Continue Reading
04.14.20
McConnell Update on Senate Schedule & Urgent Priorities
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement today regarding the upcoming Senate schedule and the need for additional action regarding the Paycheck Protection Program portion of the CARES Act: "Since the Senate passed the historic CARES Act in late March, Senators have been working around the country to monitor its implementation and help our states and nation attack this pandemic. "As the country continues working together to flatten th… Continue Reading
04.11.20
Leaders McConnell and McCarthy Renew Call for Action to Support Americans’ Paychecks and Save Small Businesses
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) and House Republican Leader Kevin McCarthy (R-CA), issued the following statement regarding the urgent need to replenish the Paycheck Protection Program portion of the CARES Act: "An historic avalanche of layoffs is crushing American families. But yesterday, Leader Schumer and Senate Democrats blocked a clean funding increase for the bipartisan Paycheck Protection Program (PPP) that has already saved millions of jobs and may be de… Continue Reading
04.07.20
McConnell Statement on Additional Funding for Paycheck Protection Program
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement today regarding additional funding for Paycheck Protection Program: "Twelve days ago, the Senate passed the largest rescue package in American history. Our bipartisan CARES Act provided more than $2 trillion in relief for workers and families, resources for hospitals and healthcare providers, and emergency lending to blunt mass layoffs and help workers continue to get paid. "As the Administrati… Continue Reading
03.21.20
McConnell Update on Coronavirus Aid, Relief, & Economic Security Act
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act: "The past two days of intense bipartisan talks are very close to a resolution. I believe we are poised to deliver the significant relief that Americans need with the speed that this crisis demands. "The legislation we are finalizing addresses all four of the crucial priorities that Senate Republicans laid out earlier thi… Continue Reading
03.20.20
McConnell on CARES Act: We’re Going to Stay Until We Get This Done
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) joined Dana Bash on CNN yesterday to discuss the Coronavirus Aid, Relief, and Economic Security (CARES) Act. See below for highlights or click here to watch the full interview. On helping individuals and small businesses: "We're doing both. We're going to both provide direct assistance to individuals and to small businesses so they can stay open. This is a government imposed shut down if you will, to deal with this pandemic,… Continue Reading
03.14.20
McConnell Update on Combating the Coronavirus
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement regarding the House of Representatives passage of additional legislation to assist with the economic fallout from the coronavirus: "I applaud the additional steps President Trump announced today to continue fighting the coronavirus. The new emergency declaration will unlock even more resources and flexibility for the federal, state, and local officials working to protect American families. "In… Continue Reading
11.26.18
McConnell Op-Ed: A Long, Proud List of Accomplishments in this Congress
"Over the last two years, a Republican Congress, working with the Trump Administration, has delivered a long series of policy accomplishments that have created real, tangible change for the American middle class. Along the way, this Senate has proven to be fertile ground for productive bipartisan work. "What remains to be seen, and what the country will soon learn, is whether or not a Democrat-led House of Representatives will follow suit. "Here's where we are after the first two years of the … Continue Reading
06.28.18
McConnell Announces Jay Khosla to Serve as Chief Economic Policy Counsel
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) announced today that Jay Khosla will join his office as Chief Economic Policy Counsel. Khosla currently serves as Staff Director for the Senate Finance Committee. Prior to serving as Staff Director, Khosla held multiple senior roles at the Finance Committee including Policy Director and Chief Health Counsel. "Jay is an all-star and I'm thrilled to have him join our team," McConnell said. "Jay was a driving force helping deliv… Continue Reading
05.22.18
Crapo Bill Heads to White House for Signature
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding House passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act which was passed by the Senate earlier this year: "Today's House passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which the Senate passed earlier this year, represents a major victory for America's local lenders and the communities they support. "For nearly eight year… Continue Reading
04.17.18
2018 Tax Day: Out With the Old, and In With the New
"Today is 'Tax Day,' the deadline for most Americans to file their tax returns. For many middle-class families and businesses, this date is circled on the calendar with regret and trepidation. But this year, this depressing day has a silver lining?-?simply put, it's 'out with the old, and in with the new.' Today is the last time American families will have to file under the unfair, outdated tax code that Congress and the president got rid of a few months ago. "Republicans' historic overhaul cut… Continue Reading
12.15.17
McConnell on Tax Reform Conference Report: Critical for the Future of Our Country
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell (R-KY) issued the following statement on the Tax Cuts and Jobs Act conference report that was released today: "First and foremost, I would like to congratulate the members of the Senate and the House who worked tirelessly to reconcile the differences between the two tax bills. What they have accomplished is critical for the future of our country - and that is no understatement. After 31 years, it's about time. "For too long, Ameri… Continue Reading
12.06.17
McConnell Announces Senate’s Republican Members of the Tax Reform Conference Committee
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) made the following statement after eight Republican Senators were selected for the Tax Cut and Jobs Act conference committee: "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 har… Continue Reading
12.03.17
McConnell on ABC’s ‘This Week’ and CBS’s ‘Face the Nation’
LOUISVILLE, KY- U.S. Senate Majority Leader Mitch McConnell (R-KY) appeared on ABC's 'This Week' and CBS's 'Face the Nation' to discuss Senate passage of the Tax Cuts and Jobs Act. The following are excerpts from the interviews: ABC's 'This Week' On Middle Class Tax Relief and Jobs "We're doing a lot to keep our jobs from going overseas by making sure the business tax rates are competitive in this global economy. Of course we didn't leave behind the middle class, either. The average tax-payin… Continue Reading
11.17.17
McConnell Praises Finance Committee Action on Tax Reform Legislation
WASHINGTON, D.C.- Senate Majority Leader Mitch McConnell (R-KY) issued the following statement after the Senate Finance Committee reported their tax reform legislation: "For the millions of hard-working Americans who need more money in their pockets and the chance of a better future, help is on the way. Building off of years of work, dozens of hearings and bipartisan proposals, the Senate Finance Committee has reported a bill that will bring lasting relief to middle-class families, small busin… Continue Reading
11.16.17
McConnell Statement on House Passage of the Tax Cuts and Jobs Act
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding House passage of the Tax Cuts and Jobs Act today: "Today with House passage of the Tax Cuts and Jobs Act, we are one big step closer to putting more money in the pockets of millions of struggling American families so they can pay their bills, save for their future and invest for their children. I commend Speaker Paul Ryan, Ways and Means Committee Chairman Kevin Brady and all the members … Continue Reading
11.09.17
McConnell Says Tax Bill ‘A Big Step Forward In Turning The Ship Around For American Families’
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) issued the following statement today on the Tax Cuts & Jobs Act: "The Senate Finance Committee, under the leadership of Chairman Hatch, has put forward much-needed tax reform that will give hard-working, middle-class families across America more money in their pockets, more economic opportunity and security, and more jobs here at home. This proposal is years in the making. It is the product of dozens of hearings over a perio… Continue Reading
11.07.17
McConnell On Meeting With Jay Powell
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) released the following statement after meeting with President Trump's nominee for Chair of the Board of Governors of the Federal Reserve System, Jay Powell: "I enjoyed our meeting and learning more about Jay's vision for the Federal Reserve and our nation's monetary policy as our economic recovery continues. We also discussed ways to help make the Fed more transparent and accountable to Congress and the public. I look forward to s… Continue Reading
