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Economy

ICYMI: The Budget and the Final Crisis

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Tags: Economy

From the editorial: “The perfect storm has been gathering for some time now. “The record-high financial imbalances year after year have amassed a mountain of debt reaching $23 trillion by the end of FY2019.  “The debt will continue to mount at an accelerating rate if we fail to include provisions in the next COVID relief package that force Congress to act before it’s too…

Arrington, Peters Pen Bipartisan Letter on Need For Budget Reform, Debt Reduction

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Tags: Economy

Rep. Jodey Arrington (TX-19) released the following statement after 60 colleagues, from both sides of the aisle, joined him and Rep. Scott Peters (D-CA) in writing congressional leadership to address budget reform proposals: "As our country recovers from this unprecedented public health and economic disaster, Congress must commit to reducing our runaway national debt or face an ever…

Arrington Touts Trumps Trade Achievements and Farmer Favorability

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Congressman Jodey Arrington (TX-19) released the following statement after the Ways and Means U.S. – China Trade hearing: “For the first time, our farmers can see greener pastures on the other side for their children and grandchildren,” said Arrington. “By distorting markets, manipulating currency, and their list of unfair practices, China has taken us for a ride…

Arrington Introduces Legislation to Root Out Abuse in Federal Food Stamp Program

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Today, Congressman Jodey Arrington (TX-19) announced the introduction of H.R. 5719, the Closing Loopholes on SafetyNet Exploitation (CLOSE) Act. This legislation will eliminate the gaming and abuse of the federal food stamp program by closing a major loophole that has resulted in more than five million ineligible enrollments and $7 billion dollars annually in unnecessary and wasteful…

Arrington Applauds Trump SOTU Vision and Administration Accomplishments

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Today, Congressman Jodey Arrington (TX-19) released the statement below following President Trump’s State of the Union address:   “Tonight’s address outlined President Trump’s vision for a nation that works for all Americans, one that is illuminated by the light of freedom shining as bright as it’s ever shown. The Great American Comeback we are…

Arrington Praises USMCA Signing as Win for West Texans and American Producers

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Arrington Praises USMCA Signing as Win for West Texans and American Producers Today, Congressman Jodey Arrington (TX-19) released the following statement after attending the signing of the U.S.-Mexico-Canada Agreement (USMCA) at the White House:   “Today, President Trump ratified the seminal ‘America First’ trade deal with our largest and most important…

Arrington Introduces Legislation to Cut Death Tax

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Tags: Economy

Today, Congressman Jodey Arrington (TX-19) introduced H.R. 5652 – legislation that will provide much-needed relief to family-owned businesses by cutting the estate tax rate in half. Currently, the estate tax – commonly known as the ‘Death Tax’ – is the highest tax rate in the U.S. Tax Code at 40 percent. This legislation, if passed, would simplify and reduce…

Arrington: Trumps Phase One China Trade Deal is a Result of Negotiator-in-Chiefs Courage

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 Writing in Fox Business today, Congressman Jodey Arrington (TX-19) applauded President Donald Trump and U.S. Trade Representative Robert Lighthizer for their hard-fought negotiations leading up to the historic signing of a ‘Phase One’ trade agreement between the United States and China. The agreement, which commits China to substantially increased…

Arrington Introduces Legislation to End Double Dipping of Disability and Unemployment Insurance Benefits

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Today, Congressman Jodey Arrington (TX-19) introduced legislation that would eliminate government waste by preventing individuals from receiving both Social Security Disability Benefits and Unemployment Benefits at the same time, so that Disability Insurance is preserved for those who truly cannot work, ending the fiscally irresponsible practice of “double dipping.”…