Economy & Budget

Eliminating bad tax expenditures is key to financial sustainability (Rep. Mike Quigley)

It’s no secret that the United States faces a budget crisis.

In Washington we have frozen aspects of domestic spending, while a bipartisan commission examines our deficits.  Meanwhile, across the country campaign rhetoric has been ratcheted up, as the calls echo from across the political spectrum to reconcile our spending with our finite resources.


Fiscal year ends in fiscal failure (Rep. Paul Ryan)

The fiscal year will end much as it began, with Congress exacerbating our unsustainable budget trajectory.  Consumed with their reckless borrowing and spending spree, House Democrats called it quits after failing to send any of the annual Appropriations bills to the President’s desk and failing to even propose a budget for the upcoming fiscal year.  Operating with no budget to prioritize taxpayer dollars, Congress agreed to a $1.1 trillion Continuing Resolution to keep the government from shutting down.


The populist case for pension reform

The public employee pension crisis is shifting political fault lines across the country. Elected officials are wrestling with a problem that threatens the ability of states and localities to provide essential services. The reality that pension payouts may impair public finances is as chilling to Democrats as it is to Republicans and has created momentum for desperately needed reform.


Americans want us to focus on jobs (Sen. Mitch McConnell)

For the past year and a half, Americans have witnessed something truly remarkable here in Washington. They’ve watched a governing party that was more or less completely uninterested in what the governed had to say about the direction of our country.


Gender pay gap is a myth

Women face an eight percent unemployment rate, compared with 9.8 percent for men. They earn 58 percent of BA and MA degrees and are riding out the recession more easily. So what better time for Congress to help men displaced from construction and manufacturing?


Manufacturing is at heart of American economy and character (Rep. Steny Hoyer)

At his town hall meeting last week, the most painful question put to President Obama was also one of the simplest: “Is the American Dream dead?”

Indeed, far too many Americans are worried that their children will inherit a diminished chance at success — that it is getting harder and harder to make it in America. And at a time when millions of Americans are out of work, it can be easy to feel that way.


Now is the time for tax relief (Rep. Joe Wilson)

Waiting for the lame-duck session to pass critical tax relief for only some hardworking Americans is too little, too late.  We need to pass tax relief for all Americans this week before Congress adjourns.  Families and small business owners shouldn’t have to wait with apprehension to see if the largest tax increase in American history is coming their way.  I firmly believe that the anticipation over the future of these incoming tax increases is preventing small business owners from hiring and families from spending and investing.


Want to create American jobs? Boost exports to China

As the U.S. continues its steady, but so far jobless, economic recovery, U.S. policy makers have rightfully set their sights on increasing exports to create American jobs and generate sustained economic growth.

The American business community supports this effort and an increasing number of U.S. companies have targeted China as an important export destination for their products and services. And for good reason - China is the fastest growing market for U.S. exports and is arguably the most important destination for future export growth.


Elizabeth Warren, the right decision for consumer protection (Rep. André Carson)

The critical regulations put in place to rein-in Wall Street will only be as effective as the people charged with overseeing their implementation. That’s why I was so pleased by President Obama’s decision to tap Harvard professor Elizabeth Warren to lead the way in setting up the Consumer Financial Protection Bureau (CFPB).