Economy

It is no accident that Texas consistently leads the nation in job creation. Some have described this economic powerhouse as a "Texas Miracle." But, we know better than that. The Texas Economic Experience is rooted in concepts and principles that will work anywhere they're tried: Keeping taxes low, creating a predictable regulatory climate, cracking down on lawsuit abuse, and investing in critical infrastructure like roads, water and schools in a fiscally responsible way.
Helping Houstonians rebuild after Hurricane Harvey remains my top priority. I am working every day to ensure that every family and business affected by this terrible storm has the financial help they need to rebuild and...
Recently, the House passed multiple bills to redesign the Internal Revenue Service (IRS) for the first time in over two decades. I released the following statement: 
U.S. Representative Kevin Brady (TX-08) and I led a bipartisan letter to Office of Management and Budget (OMB) Director Mick Mulvaney to urge him to eliminate bureaucratic delays and allocate Community Development Block –...
Hurricane Ike ravaged Galveston in 2008 and touched off a fierce battle over whether to rebuild the city’s destroyed public housing. A decade later, less than half of it has been replaced. The prolonged saga offers a...
As Chairman of the Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness, I delivered the following opening remarks during a hearing to examine the challenges U.S. businesses, manufacturers...
Last week Bill Keating (MA-09), the Chairman of the Foreign Affairs Subcommittee on Terrorism, Nonproliferation, and Trade and Ranking Member, and I introduced House Resolution 810 to reaffirm the vital importance of the US-...
U.S. Representative Jodey Arrington (TX-19) and I authored the following op-ed in the Lubbock Avalanche-Journal highlighting our work to promote and protect Texas’ cotton industry:
A brewing trade war between the United States and China is making Texas cattle ranchers nervous about potential tariffs on their beef exports.
Food manufacturing – bakers, confectioners, and retail candy shops – helps fuel our state’s economy, employing over 31,000 Texans across nearly 1,000 different businesses. But there is currently a federal sugar subsidy...
Yesterday, I visited local olive oil bar, The Oilerie in The Woodlands. I met with store owners, Greg and Jo Anna Zachary, to hear first-hand how tax reform positively impacted their business.
Identity theft is a problem across the United States. It affects millions of Americans each year. 
U.S. Senators Dean Heller (R-NV), Pat Roberts (R-KS), and I yesterday introduced the Small Business Taxpayer Bill of Rights Act, legislation to slash red tape for taxpayers and allow small business owners to spend...
We’re celebrating Tax Day this year because April 17 marks the last time that taxpayers will ever have to deal with the old, broken tax code.
I released the following statement after the House failed to pass H.J.Res. 2, Proposing a balanced budget amendment to the Constitution of the United States, sponsored by Rep. Bob Goodlatte (R-Va.).
On Tuesday April 10th, Representative Jeff Denham (R-CA) revealed that he has secured support from enough Republican representatives to pass a resolution that will force a vote on four different immigration bills in the...
Obesity is something that has a direct impact on our economy, our health care system, and the health and wellbeing of our communities. This epidemic is starting younger and younger making childhood obesity more and more...
WASHINGTON, D.C. – This week, U.S. Sens. Ted Cruz (R-Texas), Steve Daines (R-Mont.) and Mike Lee (R-Utah) submitted a joint amicus brief to the Supreme Court of the United States in South Dakota v. Wayfair.
Although President Trump tweeted “NO MORE DACA DEAL!,” and “DACA is dead because the Democrats didn’t care or act,” Representative Scott Taylor (R-VA) said there is still “a deal to be had." Trump has also
The new U.S.-South Korea Free Trade Agreement (KORUS) is good for the American economy, good for American workers, and good for the U.S.-South Korean alliance. Under the updated trade pact, the U.S.
Last week, the House voted on an Omnibus bill that funded the government for the rest of the fiscal year. I voted against this horrible legislation. It went against almost everything I stand for (except strengthening our...

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