Capitol Hill Updates

  • For 42 straight months, the unemployment rate in America has been at or above 8 percent. Millions of families are struggling. America’s small businesses — which create the majority of jobs in America — lack the confidence and certainty needed to invest, grow, and hire. In the presence of this dismal economic recovery, amazingly, there is an ongoing debate about whether or not the nation should be forced to endure a massive tax increase on Jan. 1, 2013. If no action is taken, marginal tax rates on families and small businesses will rise in the new year. Rates on investment and dividend...
  • Medicare – a vital lifeline for millions of America’s seniors – is on a path to insolvency. House Republicans have put forth a positive plan to save and strengthen the program that makes no changes for those in or near retirement age while ensuring future generations have greater health care choices. This positive message of reform that we are taking to the American people stands in stark contrast to President Obama’s health care law which raids Medicare to pay for a new health care program. On July 24, 2012, the Congressional Budget Office and the Joint Committee on Taxation...
  • WASHINGTON, D.C. – Today, House Majority Leader Eric Cantor (R-VA) released the following statement on the passing of March for Life founder Nellie Gray: “Today, we all mourn the loss of Nellie Gray, a hero of the pro-life cause, and founder of the annual March for Life in Washington, DC. She dedicated her life to fighting for those who cannot fight for themselves, the unborn, or, in Nellie's words, the preborn. We'll all miss seeing Nellie in her red coat on the stage before the crowds that have grown to the hundreds of thousands, leading the throngs past the Supreme Court and at...
  • While out campaigning on Wednesday, President Obama told supporters, “We've got too much work to do to create good jobs.” He’s also said he supports “bringing manufacturing and construction jobs back.” What the president doesn’t tell his audiences is the centerpiece of his campaign – a massive tax hike on small businesses – will actually hurt manufacturers and destroy hundreds of thousands of jobs. According to the National Association of Manufacturers (NAM), President Obama’s “tax increase on those making over $250,000 per year is a tax increase on manufacturers”: “Nearly two-...
  • After another disappointing jobs report, Speaker John Boehner said, “While the president is telling small businesses ‘you didn’t build that,’ his policies are making sure they can’t” – witness the impact of his small business tax hike proposal. “[S]mall business owners have said they are too afraid to spend or hire” with President Obama’s tax hike looming, says CNBC. Ernst & Young says the tax hike would destroy more than 700,000 jobs . The Joint Committee on Taxation (JCT) estimates it will hurt nearly one million small businesses. Those lucky enough to have a job in the Obama...
  • WASHINGTON, DC - House Speaker John Boehner (R-OH) issued the following statement after President Obama signed the Sequester Transparency Act into law: “Now that this common-sense measure has been signed into law, it’s time for President Obama to explain how he plans to cut troop and defense funding by more than half a trillion dollars.  The president insisted on these irresponsible cuts, promising to work in a bipartisan way so that they would never, ever threaten our national security. “Republicans have challenged President Obama and Senate Democrats to come up with their own...
  • Friday’s jobs report showed the unemployment rate “ticked up to 8.3 percent.” That makes July the 42nd consecutive month with unemployment above eight percent and this “the weakest economic recovery since World War II.” Stanford economist John B. Taylor examined July’s unemployment report and said the economic recovery under President Obama has been “a real tragedy.” Trillions of dollars in deficit spending, excessive new government regulations and red tape, the government takeover of health care, and the ever-present threat of tax hikes have led to what Taylor calls “a recovery in...
  • Could you imagine if the federal government ran the Olympics? The Department of Competition would determine winners and award medals. They’d subsidize some competitors and punish others. As a result, athletes would spend less time training and more time making political connections. Liberals might even tax you if you refuse to watch, although they won’t call it a tax, of course. These ideas sound absurd, but they’re closer to reality than you might think. Consider the Department of Energy program that gave gold medal loans to now-bankrupt companies like Solyndra and Beacon Power. It...
  • SCOTUS Obamacare Decision Analysis Please feel free to use and share this excellent analysis of the Obamacare decision prepared by the Republican Study Committee staff.   Weekly Wrap Up Ceding Congressional Authority to the Executive – On Tuesday, the House approved S. 769, the Presidential Appointment Efficiency and Streamlining Act (authored by Senator Chuck Schumer, D-NY), by a vote of 261-116.  This legislation removes the requirement of Senate approval for a number of Presidential appointments.  It reduces the estimated 1215 positions that require Senate...
  • A View of the House Floor This week, the House of Representatives will not consider any legislation   A View of the Senate Floor This week, the Senate will not consider any legislation   Notes & Happenings What every House Republican needs to know looking ahead: ·         Marginal income tax rates to rise, estate tax to rise, and the Alternative Minimum Tax patch to lapse on December 31, 2012 ·         Across-the-board cuts in defense and domestic programs to go into effect on January 2,...