Economy

It is no accident that Texas consistently leads the nation in job creation. Some have described this economic powerhouse as a "Texas Miracle." But, we know better than that. The Texas Economic Experience is rooted in concepts and principles that will work anywhere they're tried: Keeping taxes low, creating a predictable regulatory climate, cracking down on lawsuit abuse, and investing in critical infrastructure like roads, water and schools in a fiscally responsible way.
For the sixth year in a row, President Obama has handed Congress a tax-and-spend, big-government budget that never balances. It ignores our growing national debt and punishes hard-working taxpayers.
While the economic need for substantive immigration reform is crystal clear, politics and partisanship have fogged the issue. Disruptive factions within both parties in Congress have prevented the advancement of any...
In the United States today, each citizen owes nearly $57,000 to pay down our massive $18 trillion national debt. If we do not get serious about tackling this spending-driven debt crisis, we will harm opportunity for...
As Chairman of the Financial Institutions and Consumer Credit Subcommittee, I have made regulatory relief for Main Street a top priority. On Wednesday, the Financial Services Committee will hold a hearing to examine the...
The Texas ice cream icon, Blue Bell Ice Cream, has issued its first ever recall after three people in Kansas died from illness linked back to some of its products. No one in Texas has been affected by illness at this point...
We are pleased that the Federal Trade Commission has implemented a commonsense change contained in the SMARTER Act that streamlines our nation’s antitrust laws.
The roundtable will examine such issues as the national freight network and the area’s role in that network; the federal role in ensuring a cohesive, efficient, national transportation network; and how the federal government...
While this month's jobs report reflects encouraging signs in our economy, it also shows that there are still too many Americans who remain out of work or underemployed.
Last week, I introduced legislation that would extend the Health Coverage Tax Credit (HCTC) for the Delphi Salaried Retirees.
Think your state and local taxes are too high? Well, so do Gov. Greg Abbott and Lt. Gov. Dan Patrick, and each has promised property and business tax cuts this session. “I will reject any budget that is sent to my desk that...
I issued the following statement in response to the House’s passage of the Medicare Access and CHIP Reauthorization Act of 2015 (H.R. 2), which repeals the Sustainable Growth Rate (SGR) and replaces it with a long-term...
“Montgomery County has a traffic problem, and something must be done about it.”Utter that statement to county residents and you’ll get a similar response to what you would hear had you just told them the sky is blue and...
Writing and passing a budget is one of the most fundamental responsibilities of any legislative body.When it comes to the budget … our priority is clear. Our priority is to protect the hardworking taxpayers of this country.I...
A bill aimed at cracking down on companies that intentionally misclassify workers as independent contractors rather than employees could help reduce the numbers of unlawful workers in Texas.
Our transportation network is something many Americans take for granted. When it works, it usually goes unnoticed. But when it doesn’t function efficiently – when we are stuck in traffic or held up at the airport – it...
The Center for Immigration Studies (CIS) has released a number of reports purporting to show that all employment growth since the year 2000 has gone to immigrants. The CIS report does not include econometrics.
In a past article, I noted that in North Dakota, due to its economic growth engineered by the energy revolution, many minimum wage jobs are paying 15 dollars.
The Bureau of Economic Analysis (BEA) released a report today saying that real GDP grew at annual rate of 2.2% during the fourth quarter of 2014, down 0.4 percentage point from the BEA’s first estimate on January 30th.
Currently, Texas law only allows consumers to purchase new vehicles from someone holding a “franchised dealer’s license.” The bill would allow Tesla to operate twelve dealerships in Texas but would protect franchise dealers...
Quite frankly, I believe this is one of those situations where the government wants a solution without a problem. As a business owner that founded a tech company, I have seen firsthand how keeping the Internet largely free...

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