Growing the Economy
While the national unemployment rate hovers around 5%, I firmly believe that the best way to encourage job creation in the United States is for Washington, DC to get out of the way of small businesses that are working to grow our economy. The executive branch has implemented costly, duplicative, and often unnecessary regulations that stifle innovation, hinder competition, and sadly push people out of business.
Eliminate costly, burdensome regulations: Costs of regulation quickly reach consumers, raising the price of goods, and disproportionately hurting low-income families. Executive branch agencies should write regulations only when necessary, make them minimally intrusive, stay within the legal mandate, and avoid creating barriers for new and small businesses. We are working hard every day in the House to weed out old and bad regulations, and ensure that the laws we write are helping American families, not getting in their way. I have supported legislation to require congressional approval of major Executive branch regulations (those with an annual economic impact of more than $100 million) before those regulations can go into effect. I strongly oppose the Environmental Protection Agency's (EPA) proposal to amend its definition of “waters of the United States” (WOTUS) under the Clean Water Act, which gives the Executive branch unprecedented new authority to regulate bodies of water on private property. Additionally, I oppose the Department of Labor's (DOL) "fiduciary rule" which seeks to hamper middle class individuals' ability to invest and save for their future.
Reform and simplify the tax code: The tax code as it stands is complicated and frustrating and I support replacing our broken tax code with a simpler system that actually works for Americans and grows our economy. Specifically, I have voted to make permanent the enhanced child tax credit to ease the financial burden on families with children. To help make the dream of getting a college education achievable for everyone, I have also voted to make permanent a credit that can be used for college tuition and other education expenses and to extend the deduction for tuition and higher education expenses. I support repealing the onerous "death tax", which will not only benefit our nation’s small businesses, farmers, and ranchers, but will create jobs, grow the economy, and increase investment. Additionally, I have voted numerous times to repeal Obamacare’s individual and employer mandates and their attendant tax penalties and to reinstate the 40-hour work week. Because of the overwhelming loss of citrus trees due to citrus greening (HLB), Florida’s citrus industry needed certainty in the tax code to ensure that they could re-plant trees in the hopes of regaining the lost production. I secured a provision in the 2016 tax extenders bill to allow growers to immediately depreciate 50% of the cost of the replacement tree upon planting.
I believe that the best path to economic prosperity is to reduce the regulatory system, reduce taxes, and return the focus to small businesses. A Better Way, House Republicans’ overarching policy outline, expands on these ideas, and shows what the House can accomplish for American taxpayers. By taking a hard look at what regulations should - and shouldn’t – address, Congress can help the federal government get out of the way of innovation and true growth.