Capitol Hill Updates

  • In 2007, the Democratic majority in Congress enacted legislation to double interest rates on new federal student loans from 3.4 percent to 6.8 percent in 2012.  At a time when tuition is on the rise and employment prospects are low, the pending rate hike would impact millions of college students across the country.  That’s why Republicans will be working on this issue in the coming weeks and months.  Yet, with an issue that so directly hits their wallets, students and families are surely wondering how this rate hike came to be hanging over their heads.  It’s a...
  • Four years after being promised hope and change, young Americans are feeling the real effects of the Obama Economy. In a nutshell: half of new college graduates are jobless or underemployed and young adults are living with their parents at the highest rate since 1950. Why? Because the policies pursued by Democrats over the last few years have bred the weakest recovery since the Great Depression. Labor force participation is much lower than in a healthy economy. Overbearing red tape continues to pile up against job-creating sectors, especially energy. Our business tax rate is now...
  • In yet another epic “fail,” Senate Democrats have decided to “back off” and “punt” on passing a budget for the third year in a row, throwing in the towel on what Democratic leaders once called the “most basic responsibility of governing.” That means Democrats have NO BUDGET to address our national debt that now exceeds $15.6 trillion, including the $5 trillion in debt that has already been added during President Obama’s short tenure where we’ve seen “four straight years of trillion-dollar-plus deficits.”  House Budget Committee Chairman Paul Ryan (R-WI) issued the following...
  • WASHINGTON, DC - House Speaker John Boehner (R-OH) on Thursday issued the following statement applauding bipartisan House passage of H.R. 9, the Small Business Tax Cut Act, a key plank of the Pledge to America: “The House continues to lead on jobs, passing a small business tax cut less than 24 hours after a veto-proof majority backed the Keystone XL pipeline.  A key plank of the Pledge to America, the Small Business Tax Cut Act will encourage growth and investment by allowing small business owners to deduct 20 percent of their business income from their taxes.  It will...
  • The information in the second chart comes from the non-partisan Tax Foundation.
  •   WASHINGTON, DC – House Speaker John Boehner (R-OH) made the following comments after the builder of the Keystone XL pipeline officially submitted a new route through Nebraska designed to allay previous environmental concerns. This news follows a House vote today providing veto-proof support for approving the project.   “With this new route submitted and the state of Nebraska acting to move forward, the president is running out of excuses for blocking the Keystone pipeline any longer. With a veto-proof majority in the House supporting Keystone, the president is becoming...
  • This Week in the HouseSmall Business Tax Cut: Next week, the House will consider the Small Business Tax Cut Act, H.R. 9. The Small Business Tax Cut Act is a simple, clear solution to help small businessmen and women grow their businesses and hire new workers. The Small Business Tax Cut Act will allow small businesses with fewer than 500 employees to take a tax deduction equal to 20% of their active business income, irrespective of how the small business is organized. Our 20% small business tax cut goes straight to the bottom line so small business owners can retain more capital,...
  • President Obama’s decision to reject and personally lobby against the popular Keystone XL pipeline – and tens of thousands of new American jobs – is already having real world consequences for the American people … and real world benefits for countries like China. The Wall Street Journal reports that Canadian leaders are acting quickly to “bypass” the United States, building the infrastructure needed to ship their energy (and new jobs) to Asian countries: “Currently, almost all Canadian crude exports travel to the U.S. … Canadian government officials, meanwhile, have boosted...
  • Energy/Highway Measure on the House Floor Next Week American families and small businesses are struggling with high gas prices, and President Obama’s policies are only making things worse.  In fact, gas prices have doubled on the president’s watch. Before the district work period, the House passed a three-month highway extension to provide more time for consensus to be built for an infrastructure bill that acknowledges the need for meaningful action on American energy production and gas prices.  The Senate bill lacks any energy provisions at all at a time when Americans...