Economy & Small Business
A healthy economy is the key to a prosperous America. When I travel across the Fourth District of Oklahoma, I am always inspired by the entrepreneurial spirit and can-do attitude of Oklahoma workers and our small businesses, which employ more than half of our state’s workforce.
The COVID-19 pandemic and continuing inflation crisis have taken their toll on millions of Americans. Due to inflation, Americans paid $5,200 more in 2022 for the same goods in 2021. Savings are being depleted, and borrowing has reached its highest level since the 2008 Financial Crisis.
As your member of Congress, I will support policies that strengthen the American economy and support American businesses, especially our small businesses. It is important to maintain a tax code that supports innovation and entrepreneurship. We must also rein in the Biden Administration’s excessive government spending and misguided policies, which instigated our present inflation crisis and threaten to drive our economy into a painful recession. Additionally, we must address the main drivers of our national debt. If left unchecked, our national debt will threaten America’s economic future with higher interest payments, increased risk of financial crises, higher taxes, and a lower standard of living for future generations.
More on Economy & Small Business
Five years ago this month, President Barack Obama signed into law a bill that vastly restructured the American financial system. Brought about in response to the financial crisis and resulting recession in the last decade, the Dodd-Frank Wall Street Reform and Consumer Protection Act was presented as the means to protect consumers, encourage recovery and ensure financial stability in the future. Instead, the reality of Dodd-Frank has meant more rules and government regulators, fewer jobs created, slowed recovery and less American opportunity.
Before Republicans took control of the U.S. House of Representatives more than four and a half years ago, lawmakers already knew that Americans desired change. But unlike the “change” that President Obama promised throughout his campaign and then strong-armed through a closed-door, Democrat-led Congress, Americans wanted to see a government that reined in regulatory excess, controlled government spending and demanded greater transparency and accountability. The Republican members of the House understood that then, and we still understand and fight for that now.
Roll Call - Marc N. Casper, Chris Hansen and Mark S. Wrighton
If you had a treasure map, why wouldn’t you follow it?
In essence, this is the opportunity we have before us with the map of the human genome. The Human Genome Project cracked our life code and provides a massive treasure trove of information that we have only just begun to explore.
The Hill - Tim Devaney
Congressional Republicans are using the power of the purse to do battle against a series of controversial labor regulations from the Obama administration.
They say the National Labor Relations Board (NRLB) gave a gift to labor unions by issuing what they call an “ambush election” rule that speeds up the process for organizing in the workplace.
The Hill - By Rebecca Shabad
The House Appropriations Committee on Wednesday advanced a $153 billion bill funding the Departments of Health and Human Services (HHS), Education and Labor for the next fiscal year, which begins Oct. 1.
It marks the first time in six years the full committee advanced a funding measure for those departments, which would receive $3.7 billion less than current funding levels and $14.6 billion less than President Obama’s request for fiscal 2016.
Appropriators advanced the bill in a 30-21 vote after a nearly seven-hour markup.
Norman Transcript - Staff
The House Labor Health and Human Services (HHS) Appropriations Subcommittee Chairman Rep. Tom Cole recently proposed a $300 million increase for Alzheimer’s research, as requested by Alzheimer’s Association advocates. This is a significant milestone toward reaching the levels deemed necessary by scientists to realize the goal of the National Plan to Address Alzheimer’s Disease — to prevent and effectively treat Alzheimer’s by 2025.
Politico - Brian Mahoney
An appropriations subcommittee shot down a bid by Rep. Rosa DeLauro to increase funding for programs in the Labor HHS bill to the levels requested by President Barack Obama in his 2016 budget.
The amendment would have funded by nearly $11 billion child care programs, Pell grants, job training and other defunded programs, DeLauro said. “And yet even with those increases, we are only halfway back to restoring the Labor HHS bill to its fiscal year 2010 funding level,” DeLauro said.
