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.
June 14th, 2017
In the wake of the 2008 financial crisis, Democrats promised that passage of the Dodd-Frank Act would reinvigorate a sluggish economy, protect consumers, and end bailouts, but it accomplished just the opposite.
June 8th, 2017
Last Saturday, I joined old friends, local biologists and anglers in the final day of the 2017 federal red snapper season. Red snapper fishing, both commercially and recreationally, is a big part of the economy and people’s...
June 6th, 2017
I was at the White House yesterday for President Trump’s announcement to reform the U.S. Air Traffic Control System.The plan will transfer air traffic control from the FAA to a non-profit public-private corporation, leading...
June 6th, 2017
Donald Trump did the right thing by saying goodbye to the Paris agreement and if nothing else, it will begin an honest debate on climate change science, which if truth be told, is dismal. The other aspect is that for the...
June 2nd, 2017
On Thursday, I joined local Texas radio hosts to discuss tax reform, and my efforts to repeal and replace Obamacare and lower health care premiums. I also praised the reports that President Trump was expected to withdraw the...
May 25th, 2017
President Trump said that he wants a merit-based immigration system that “nations around the world, like Canada, Australia, and many others have.”
May 23rd, 2017
Our nation's broken tax code is a major impediment to the success of American farmers, ranchers, and businesses of all sizes. That's why, in coordination with President Trump and our colleagues in the Senate, we are moving...
May 18th, 2017
Steel and iron producers in Texas are hoping that before the legislative session ends this month, lawmakers will approve a bill prohibiting the use of cheaper foreign steel in taxpayer-funded construction unless a certain...
May 5th, 2017
The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed, calming fears that had bubbled up in the past month about...
May 3rd, 2017
As Chairman of the House Committee on Rules, I recently released the following statement in support of a measure to allow private-sector employers to offer employees the choice of paid time off in lieu of cash wages for...
June 14th, 2017
Last week I participated in a roundtable discussion with community leaders and executive board members of the Borderplex Alliance in El Paso. There, I discussed the importance of trade to the Texas economy, my efforts in...
June 7th, 2017
When President Obama signed the 2,300 page Dodd-Frank Act into law, it created a system that added more than 400 burdensome financial regulations, allowed banks to become “too big to fail" and hurt small businesses and...
June 6th, 2017
Yesterday I attended the White House announcement of the new Air Traffic Control (ATC) system reform and modernization initiative.
June 5th, 2017
According to a report sponsored by the U.S. Chamber of Commerce, remaining in the Paris Climate Accord would cost the American economy and workers 6.5 million jobs and $3 trillion in economic growth by 2040.
May 25th, 2017
The bill overrides local ordinances like Austin's that regulate ride-hailing services and only needs Governor Greg Abbott's signature to become law.
May 25th, 2017
I released the following statement in response to President Trump's 2018 budget proposal:
May 22nd, 2017
President Trump's plan to seal the border poses difficulties for companies that might bid for the job. Divestment or blacklisting legislation has been proposed in seven states.
May 8th, 2017
Looking at the Trump Tax Plan, what grabs you is how the corporate rate is similar to Ted Cruz’s business tax rates, which were proposed in the primary, and how similar Trump’s individual tax plan is to Marco Rubio’s while...
May 5th, 2017
Democratic activists have a "brilliant" idea (not) to give us a state income tax. To be clear, none of the current major taxes go away and why should they? Paternal government knows better than you, so we need to give them...
May 3rd, 2017
Last week, President Donald Trump came out with a plan for tax reform that lowers the corporate tax rate and simplifies taxes for individuals. Now, the House Ways and Means Committee has to get down to the hard work of...