U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks on the Senate floor regarding the Federal Reserve: “This morning, the Banking Committee is examining three of President Biden’s nominees to the Federal Reserve Board of Governors. “The Fed is one of the most consequential institutions in America. Its decisions have massive ramifications for … Continue reading Americans Can’t Afford a Central Banker Who Wants to Bend the Rules, Bankrupt Industries, and Kill American Jobs
Category: Economy
Suffering from the disastrous impacts of Joe Biden and Senate Democrats’ radical agenda, Americans are reporting a record low feeling of optimism in the latest measurement from Gallup. It’s no surprise Americans are feeling less optimistic after a year of Democrat leadership. Gas prices have skyrocketed, there is a never-ending border crisis, grocery prices are astronomical, and grocery … Continue reading American Optimism Hits Record Low Under Biden, Democrat Leadership
The U.S. should not approve a central bank digital currency (CBDC), a new Competitive Enterprise Institute report argues. “CBDCs could hand the federal government a powerful tool for economic and social control and unprecedented intrusion into the private financial lives of billions of people,” warned Paul Jossey, author of the new report. Despite claims that a CBDC would … Continue reading A Government Central Bank Digital Currency Would Pose Big Risk to Financial Sector, Economy
House Energy and Commerce Committee Republican Leader for Consumer Protection and Commerce Gus Bilirakis (R-FL) called on Democrats to address the rising prices that are hurting American families across the country. Excerpts and highlights from his remarks: AMERICANS ARE PAYING HIGH PRICES FOR EVERYTHING “I would be remiss if I didn’t express some disappointment that … Continue reading Bilirakis: We Must Have an Honest Discussion About how American Families are Paying Higher and Higher Prices
House Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers (R-WA) demanded that Democrats start taking Americans’ inflation and supply chain concerns seriously at today’s hearing on price gouging. Excerpts and highlights from her remarks: INFLATION IS HURTING AMERICANS “Americans are feeling the pain of a year of one-party-rule. President Biden’s inflation has hit a … Continue reading Leader Rodgers: Democrats’ Radical Agenda is Making Rising Prices and Empty Shelves Worse
Republican members of the Senate Finance Committee, led by Ranking Member Mike Crapo (R-Idaho), urged Senate colleagues to reconsider efforts to implement a tax on financial statement income of U.S. companies, or a “book minimum tax,” detailing the problematic and unaddressed issues that have resulted from such proposals in the past. As the senators note, … Continue reading Finance Committee Republicans: Congress Should Close the Book on the Failed Book Minimum Tax
This week the American Trucking Associations hailed the introduction of a pair of bills that will streamline the credentialing process for millions of professional truck drivers, easing a number of onerous and unnecessary burdens. "With a shortage of roughly 80,000 drivers, we should be making the process of becoming a professional truck driver as user … Continue reading ATA Hails Introduction of Legislation to Reduce Red Tape for Professional Drivers
U.S. Senators Cynthia Lummis (R-WY) and Mark Kelly (D-AZ) introduced a bill to help address supply chain shortages and increase the number of truck drivers transporting goods in the U.S. Their bill, the Licensing Individual Commercial Exam-takers Now Safely and Efficiently (LICENSE) Act, would streamline burdensome licensing regulations by making permanent several waivers that the … Continue reading Lummis bills addresses supply chain shortages and increases number of truck drivers
This week U.S. Senator Ted Cruz (R-TX) along with Sens. Tim Scott (R-SC) and Pat Toomey (R-Penn) officially introduced the FDIC Board Governance Reform Act, which would enhance the protection of the Federal Deposit Insurance Corporation (FDIC) from political meddling. The Scott-Cruz bill removes the Director of the Consumer Financial Protection Bureau (CFPB) and the … Continue reading Sens. Cruz, Scott, Toomey and Colleagues Introduce Bill to Shield the FDIC from Political Influence
Americans for Free Trade (AFT), a broad coalition of American businesses, trade organizations, and workers united against tariffs sent a letter to House Speaker Nancy Pelosi (D-CA-12) and House Minority Leader Kevin McCarthy (R-CA-23) expressing support for amending the America COMPETES Act of 2022 to include language requiring the Office of the U.S. Trade Representative … Continue reading No more tax hikes: US job creators back tariff exclusion amendments to America COMPETES Act
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