Growing the Economy

Economy & Jobs

Much of America is financially struggling. Huge regulatory legislation such as Dodd-Frank, promises of “hope and change,” and trillion dollar-spending deficits each year have not helped the economy. Too many people in our communities still don’t have financially supportive jobs.

President Obama credits Washington bureaucracy for economic growth. But as a former small business owner who created two businesses from nothing, I understand that small businesses, Main Street action, and the private sector are the creators of economic growth.

Regulations aren’t protecting Americans; instead, they’re harming hardworking families by blocking job creation and economic growth.

I’m committed to finding solutions to grow an “opportunity economy” and create well-paid jobs as your Congressman. This year, I’ve assisted in passing over a dozen pro-job, pro-opportunity economy bills that connect veterans with jobs, help companies get capital by cutting red tape, and sponsor job growth by amending the tax code.

  • The Save American Workers Act returns the definition of “full-time employment” to 40-hour workweeks instead of Obamacare’s 30-hour definition, which severely cut many employees’ hours.
  • The Promoting Job Creation and Reducing Small Business Burdens Act improves Dodd-Frank to allow small companies to access capital during expansion and job growth.
  • The Hire More Heroes Act gives businesses the ability to hire veterans already covered by VA health benefits instead of Obamacare’s expensive employer directive—a win for both employer and employee.
  • The Bureau of Consumer Financial Protection Advisory Boards Act, which I created and introduced, makes sure that the Consumer Financial Protection Bureau focuses on how proposed rules for large banks needlessly harm small businesses, community banks, and credit unions. Community banks and credit unions support small businesses that create most new jobs. Federal regulations need to support small businesses to grow the economy and increase jobs.
  • The Small Business Regulatory Flexibility Improvements Act makes sure that government agencies sufficiently analyze proposed rules to protect small businesses.
  • The America’s Small Business Tax Relief Act helps small businesses reinvest to make more jobs by giving $500,000 allowance for expensing business property that has diminished over time.
  • The Capital Access for Small Community Financial Institutions Act allows privately insured credit unions become members of a federal home loan bank, giving more access to capital for those in rural areas or communities without as much focus.
  • The Keystone XL Pipeline Act permits Keystone XL pipeline construction, which is predicted to create 40,000 financially stable jobs, reduce the cost of energy, and allow America to become more energy independent.
  • The Ratepayer Protection Act gives consent for sufficient judicial review of any definitive EPA rule on carbon dioxide emissions from current fossil fuel-fired power plants, and permits states to defend hardworking American families and businesses against large rate increases or service interferences caused by the EPA rule.

My top priority is job growth. I meet with local business authorities, managers, and employees each week to listen to their plans about how Washington can remove red tape and allow their businesses to flourish. I’m working vigorously in Washington to make their ideas real.