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.
November 16th, 2017
Today I voted in support of The Tax Cuts and Jobs Act, which raises take-home pay and creates jobs. The bill passed 227-205.
November 14th, 2017
Texas Association of Business released their legislator scorecard this morning. This scorecard, called For the Record, is a ranking of all Texas legislators based on how they voted for pro-business policies in the...
November 10th, 2017
Recently on the Senate floor, I urged my Democrat colleagues in the Senate to join the Republican effort to overhaul our outdated tax code and continue their support for tax reform principals they have endorsed in the past...
November 6th, 2017
I released the following statement in response to the Labor Department’s October 2017 jobs report:
November 1st, 2017
It’s no secret that our tax system is outdated, overly complicated, and full of loopholes, and anyone in Washington can tell you that tax reform – especially bipartisan tax reform – isn’t easy.
October 30th, 2017
Our American society does not recognize that we have been under ‘assault’ in this country for decades. Our way of life is being changed insidiously every week in ways that escapes us. Yet people seem to remain calm...
October 27th, 2017
The number 77 cents on the dollar is often used when discussing the income of men vs. women but this number is based on aggregate numbers of women versus men workers and it doesn’t take in account why this aggregate number...
October 24th, 2017
With the United States experiencing rapid economic growth and the lowest unemployment rate it has seen in sixteen years, labor shortages in several American industries pose one of the most significant threats to our nation’s...
October 23rd, 2017
U.S.
October 23rd, 2017
Recently on the Senate floor, I discussed the importance of passing the FY2018 Budget Resolution, which is necessary to enacting tax reform. Excerpts of my remarks are below, and video of my remarks can be found here.
November 15th, 2017
Last Thursday, the Senate Finance Committee introduced our proposal that would enable more Americans to keep more of their hard-earned paychecks and send less of their money to Uncle Sam here in Washington, D.C.
November 10th, 2017
I released the following statement after supporting a measure to amend the Securities Act of 1933 to exempt certain micro-offerings from the Act's registration requirements:
November 8th, 2017
The Republican tax proposal is now public and while the overall plan will prove beneficial to the economy many challenges remain. The individual tax rates will lower middle class taxes by doubling standard deductions and...
November 2nd, 2017
America’s complicated and broken tax code is hurting our economy and, in turn, American families. That’s why I’ve long said we need a simpler tax code that rewards hard work.
October 31st, 2017
In the last few years, the Port of Corpus Christi has become a leading export port, especially since December 2015, when Congress lifted the 40-year crude oil export ban. Oil and other energy related products shipping from...
October 30th, 2017
U.S. Senators Bill Cassidy (R-LA) and I, members of the Senate Finance Committee, authored the following op-ed in Forbes addressing how revamping our tax system would impact the energy sector:
October 25th, 2017
You've heard "trust but verify" from none other than Ronald Reagan, no doubt. The Tea Party movement taught us to do that, and I hope you still are. Especially in the case of John Culberson, my congressman.
October 24th, 2017
In a move many business leaders called “long overdue,” Texas House Speaker Joe Straus has announced a new panel of lawmakers will consider what policies need to be in place – and what kind of policies should be rejected – in...
October 23rd, 2017
U.S.
October 20th, 2017
Unfortunately, the "merit-based" reforms Trump and his allies propose are unlikely to advance any of these aims and, if anything, will hurt American workers by slowing economic growth and eliminating jobs.