Budget, Taxes, and the Economy
Regulations, reckless government spending, a complex tax system, the highest corporate income tax rate in the world, and loose monetary policy by the Federal Reserve have all contributed to a sluggish economy and concerns regarding the future prosperity of America.
If American families are expected to spend within their means, then the government should as well. The elites in Washington have allowed our national debt to balloon to $18 trillion--$55,000 per American—with no decrease in sight. This is unacceptable.
For America to remain an economic superpower, it is critical that we slash back the regulations, reduce spending, return to sound monetary policy, and lessen the tax burden facing families. We can start by passing a balanced budget. It’s been more than a decade since Congress passed a proper balanced budget. This failure, coupled with a skyrocketing national debt, has our country on an unsustainable path.
More on Budget, Taxes, and the Economy
WASHINGTON, DC - Congressman Tom Emmer (MN-06) released the following statement after opposing the $1.3 trillion Omnibus Appropriations Act for 2018:
WASHINGTON, D.C. – Following the release of the President’s infrastructure plan, today Congressman Tom Emmer (MN-06) outlined specific positive provisions for Minnesota.
WASHINGTON, D.C. – Congressman Tom Emmer (MN-06) released the following statement on H.R. 1892, the Bipartisan Budget Act of 2018:
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) announced its intent to provide relief for community financial institutions seeking to comply with excessive Dodd-Frank data collection and reporting requirements.
WASHINGTON, D.C. - Congressman Tom Emmer (MN-06) released the following statement after he supported, and the House passed, the Tax Cuts and Jobs Act (H.R. 1) which now moves to the Senate for consideration this evening:
WASHINGTON, D.C. – Congressman Tom Emmer (MN-06) and Congressman Randy Hultgren (IL-14) continue to stand up for small businesses and community banks, introducing the Home Mortgage Reporting Relief Act (H.R. 4648) this week.
Washington, D.C. – Today, Congressman Tom Emmer (MN-06) released the following statement regarding the House of Representative’s passage of the first substantial tax reform in 31 years:
Washington, D.C. – Congressman Tom Emmer (MN-06) released the following statement regarding the introduction of the Tax Cuts and Jobs Act to reform the United States’ tax code:
“For far too long, we have been forced to sit idly by as our tax code has squeezed the middle-class, destroyed economic growth, and drove people and corporations out of this country. This has left us with a tax code that is nearly 75,000 pages long, too complex for the average family or business owner to understand, and has not been updated in more than three decades.
Washington, D.C. – Congressman Tom Emmer (MN-06) released the following statement regarding the announcement of the new unified Republican tax reform framework: