Press Releases
Currently showing results related to Economy
McConnell Statement on Jerome Powell
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding the president's intention to nominate Jerome Powell to serve as Chair of the Board of Governors of the Federal Reserve System: "I'm encouraged by President Trump's choice of Jerome Powell to lead the Federal Reserve during this economic recovery. We need a more transparent and accountable Fed, and Jerome has indicated the same. I look forward to discussing Jerome's vision for the Fed and … Continue Reading
11.02.17
McConnell Statement on the Tax Cuts and Jobs Act
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding the Tax Cuts and Jobs Act that was released by the House Ways and Means Committee today: "Today, the House of Representatives took a big step forward in our effort to help provide the American people with a robust economy that reaches for its full potential: that puts more money in middle-class pockets, that produces better jobs for workers, that secures more opportunity for our children.… Continue Reading
10.26.17
‘We Have A Once-In-A-Lifetime Opportunity To Replace A Failing Tax Code’
WASHINGTON, D.C. - Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding House adoption of the budget for Fiscal Year 2018: "I want to thank Speaker Ryan and House Republicans for taking this important step to help us achieve tax reform for hardworking Americans by passing this budget. This is a comprehensive, fiscally-responsible budget that will help put the federal government on a path to balance. It went through committee and includes provisions from both … Continue Reading
10.18.17
Tax Reform For The Middle Class
Sen. McConnell: 'Taxes Should Be Lower, Simpler And Fairer For Middle-Class Workers' SEN. DEAN HELLER (R-NV): "Our middle class has suffered under an outdated and unfair tax code that discourages job creation and makes it harder for Nevadans, and people all across America, to get ahead. … And now, we have a prime opportunity to do that and provide relief to the Americans who have been waiting for a fairer, simpler tax code. To me, relief means letting the middle class keep more of their … Continue Reading
06.25.17
Senators Discuss Better Care
Senate Discussion Draft Will 'Free The States And Free The Marketplace To Discover Ever-Better Ways To Deliver Services' SENATE MAJORITY LEADER MITCH McCONNELL: "We've long called for a better way forward…. These shared policy objectives and the solutions to help achieve them are what make up the health care discussion draft." (Sen. McConnell, Floor Remarks, 6/22/2017) It helps stabilize collapsing insurance markets that have left millions of Americans with no options. It frees the A… Continue Reading
12.06.16
Majority Leader McConnell’s Statement on Steven Mnuchin
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell released the following statement after meeting with President-elect Trump's intended nominee for Secretary of the Treasury, Steven Mnuchin: "It is time to get serious about the problems families and businesses large and small across the nation face. Whether it is the urgent need for tax reform or wide-ranging regulatory relief, we will need someone like Steven working with both parties in Congress to make it happen. His private sect… Continue Reading
12.06.16
Majority Leader McConnell’s Statement on Wilbur Ross
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell released the following statement after meeting with President-elect Trump's intended nominee for Secretary of Commerce, Wilbur Ross: "As our chief business advocate, I know Wilbur will use his decades of experience to put American jobs in the best position possible to flourish at home and American-made products in the best position to flourish abroad. Turning our economy around will be a team effort and this is another great additio… Continue Reading
03.21.16
McConnell Letter to Governors: Court-Mandated Halt of Administration’s Anti-Coal Regulation Shows Merits of ‘Wait and See’ Approach
WASHINGTON, DC - U.S. Senate Majority Leader Mitch McConnell wrote to the nation's governors today regarding the Supreme Court's recent nationwide stay of the Obama Administration's so-called "Clean Power Plan" (CPP) - a massive regulatory plan that will not have a meaningful impact on global emissions but will punish states' most vulnerable citizens and ship middle-class jobs overseas. The letter follows one he sent governors in March 2015, urging them to carefully review the consequences of t… Continue Reading
01.11.16
Former Kentucky Coal Miner to Attend State of the Union as Guest of Senator McConnell
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell announced today that a 4th-generation coal miner, Howard Abshire of Pike County, Kentucky, will be his guest at the President's State of the Union address on Tuesday. Mr. Abshire, who lost his job at Fortress Resources, McCoy Elkhorn Division, after the mine shut down, is temporarily employed in eastern Kentucky working to remove mining equipment from closed mines. "I am honored that Howard accepted my invitation to attend the Presi… Continue Reading
11.18.15
Senator McConnell Receives Award for Efforts Fighting War on Coal
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell was honored today with the Annual Achievement Award by the Washington Coal Club for his work to defend Kentucky's coal jobs, miners and their families. Senator McConnell was presented the award by Bill Bissett, the President of the Kentucky Coal Association (KCA). KCA President Bill Bissett and members of the Washington Coal Club present Senator McConnell with the Annual Achievement Award. "I accept this award on behalf of our coal… Continue Reading
11.17.15
Senate Passes Bipartisan Measures to Overturn Obama Administration’s Anti-Coal Regulations
WASHINGTON, D.C. - The United States Senate tonight approved two resolutions of disapproval that would halt the Obama Administration's anti-coal regulations. The Senate voted to approve a resolution of disapproval under the Congressional Review Act (CRA) sponsored by Senator McConnell and Senator Joe Manchin (D-WV) designed to stop the White House from imposing anti-jobs regulations that attack new coal-fired energy plants and their workers. The Senate also passed a separate disapproval resolut… Continue Reading
11.16.15
McConnell, Capito Begin Senate Process to Address Obama Administration’s Anti-Coal Regulations
WASHINGTON, DC -- U.S. Senate Majority Leader Mitch McConnell announced today that he and Sen. Shelley Moore Capito (R-WV) placed their resolutions of disapproval regarding the Obama Administration's anti-coal regulations on the Senate's calendar, meaning they could come up for a vote as early as this week. Sen. McConnell and Sen. Joe Manchin (D-WV) filed a resolution of disapproval under the Congressional Review Act (CRA) last month that is designed to stop the White House from imposing anti-j… Continue Reading
11.06.15
McConnell Statement on President’s Rejection of Keystone Pipeline
LOUISVILLE, KY-Senate Majority Leader Mitch McConnell today released the following statement after President Obama rejected construction of the Keystone jobs and infrastructure project: "I wish I were surprised by the President's decision to reject this jobs and infrastructure project. But it's become painfully clear that the President is more interested in appeasing deep-pocketed special interests and extremists than helping tens of thousands of Americans who could have benefited from Keystone… Continue Reading
10.27.15
Senator McConnell Introduces Measure to Overturn EPA’s Regulation on New Coal-Fired Plants
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell and Senator Joe Manchin (D-WV) introduced a resolution of disapproval under the Congressional Review Act (CRA) designed to stop the Obama Administration from imposing its anti-coal regulation on new coal-fired plants. Senator McConnell also joined Senators Shelley Moore Capito (R-WV) and Heidi Heitkamp (D-ND) in filing a separate CRA that relates to the regulation affecting existing coal-fired plants. The Obama Administration's cost… Continue Reading
10.23.15
McConnell Will File Measure to Overturn EPA’s Regulation on New Coal-Fired Plants
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell announced Friday that he and Senator Joe Manchin (D-WV) will file a resolution of disapproval under the Congressional Review Act (CRA) next week that is designed to stop the Environmental Protection Agency (EPA) from imposing its anti-coal regulation on new coal-fired plants. Senator McConnell also plans to join Senator Shelley Moore Capito (R-WV) who will file a separate CRA next week with Senator Heidi Heitkamp (D-ND) regarding the… Continue Reading
10.05.15
Trade Agreement Will Face ‘Intense Scrutiny’ in Congress
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell made the following statement on the announced agreement for the Trans-Pacific Partnership (TPP): "The Trans-Pacific Partnership is potentially one of the most significant trade deals in history and could shape our engagement and commerce with these nations for decades. We are committed to opening trade in a way that benefits American manufacturers, farmers, and innovators. But serious concerns have been raised on a number of key… Continue Reading
10.01.15
McConnell Comments on President Obama’s Ozone Rule
Washington, D.C. - U.S. Senate Majority Leader Mitch McConnell made the following comments today regarding the Obama Administration's latest regulation dubbed the "most expensive regulation in U.S. history": "The Obama Administration's latest attack on the Middle Class, another massive regulation with negligible benefits that threatens to ship American jobs overseas, could throw thousands of Kentuckians out of work every year and impose hundreds of millions in costs on Kentucky employers. Nation… Continue Reading
05.27.15
McConnell Office Statement on EPA Regulation
WASHINGTON, D.C. -- Robert Steurer, Communications Director for Senator Mitch McConnell, released the following statement today regarding the Environmental Protection Agency (EPA) rule to regulate "the waters of the United States" (WOTUS): "Senator McConnell is still reviewing the rule. However, he has heard from Kentuckians in the agriculture community, coal industry, and manufacturing that any attempt to expand federal power over waters would be detrimental to the economy by limiting the abil… Continue Reading
05.22.15
McConnell on Senate Passage of Trade Promotion Authority
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell made the following statement after Senate passage of Trade Promotion Authority: "Tonight's vote shows that Republicans and Democrats can stand strong, together, for the Middle Class; it's yet another example of a new Congress that's back to work on behalf of the American people. The trade legislation we passed is all about creating new opportunities for bigger paychecks, better jobs, and a stronger economy. The tools it contains wil… Continue Reading
04.22.15
Trade Promotion Authority Legislation Protects and Enhances Congress’ Role in Trade Negotiations
WASHINGTON, D.C. - U.S. Senate Majority Leader Mitch McConnell made the following remarks on the Senate floor regarding Trade Promotion Authority Legislation: "I believe we are going to be hearing from the Chairman of the Finance Committee shortly. "Senator Hatch will be here to discuss bipartisan Trade Promotion Authority legislation, which is important because we know that trade is the key to supporting high-quality American jobs and exporting more of the things American workers make and expo… Continue Reading
