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.
Yesterday I attended the White House announcement of the new Air Traffic Control (ATC) system reform and modernization initiative.
According to a report sponsored by the U.S. Chamber of Commerce, remaining in the Paris Climate Accord would cost the American economy and workers 6.5 million jobs and $3 trillion in economic growth by 2040. 
The bill overrides local ordinances like Austin's that regulate ride-hailing services and only needs Governor Greg Abbott's signature to become law.
I released the following statement in response to President Trump's 2018 budget proposal:
President Trump's plan to seal the border poses difficulties for companies that might bid for the job. Divestment or blacklisting legislation has been proposed in seven states.
Looking at the Trump Tax Plan, what grabs you is how the corporate rate is similar to Ted Cruz’s business tax rates, which were proposed in the primary, and how similar Trump’s individual tax plan is to Marco Rubio’s while...
Democratic activists have a "brilliant" idea (not) to give us a state income tax. To be clear, none of the current major taxes go away and why should they? Paternal government knows better than you, so we need to give them...
Last week, President Donald Trump came out with a plan for tax reform that lowers the corporate tax rate and simplifies taxes for individuals. Now, the House Ways and Means Committee has to get down to the hard work of...
On Wednesday, I introduced the H.R. 2152, the Citizens Right to Know Act. 
As a lifelong Republican and as a Texas business leader, I’m asking the Texas Legislature to make the common-sense choice for our state: oppose discriminatory legislation that takes us backwards.
Donald Trump did the right thing by saying goodbye to the Paris agreement and if nothing else, it will begin an honest debate on climate change science, which if truth be told, is dismal.  The other aspect is that for the...
On Thursday, I joined local Texas radio hosts to discuss tax reform, and my efforts to repeal and replace Obamacare and lower health care premiums. I also praised the reports that President Trump was expected to withdraw the...
President Trump said that he wants a merit-based immigration system that “nations around the world, like Canada, Australia, and many others have.”
Our nation's broken tax code is a major impediment to the success of American farmers, ranchers, and businesses of all sizes. That's why, in coordination with President Trump and our colleagues in the Senate, we are moving...
Steel and iron producers in Texas are hoping that before the legislative session ends this month, lawmakers will approve a bill prohibiting the use of cheaper foreign steel in taxpayer-funded construction unless a certain...
The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed, calming fears that had bubbled up in the past month about...
As Chairman of the House Committee on Rules, I recently released the following statement in support of a measure to allow private-sector employers to offer employees the choice of paid time off in lieu of cash wages for...
For a generation of sports fans, ESPN was the king of sports broadcasting. From the early 1990s, ESPN was edgy with sports announcers like Dan Patrick and Keith Olbermann who combined humor and irrelevance in their sports...
Historic, bold tax reform is what Texans have waited years for and Wednesday they have a White House, the House and the Senate all moving in the same direction.
The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history -- with cuts that would benefit businesses, the middle class and certain high-earning individuals -- but left unanswered...

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