Supporting Pro-Growth Tax Legislation
As House Republicans continue working to reduce reckless spending by Congressional Democrats and President Biden, pro-growth tax policies are needed to support American workers, families, and job creators.
This past week, with my support, the House of Representatives passed H.R. 7024, the Tax Relief for American Families and Workers Act. This legislation restores key provisions from the Republican-led 2017 Tax Cuts and Jobs Act to build a stronger economy here at home and increase American competitiveness on the world stage.
This includes making permanent certain tax provisions from the historic 2017 tax reform legislation which incentivized investment, productivity, and work. I'm proud to support this legislation to reduce the tax burden on hardworking Americans, support our small businesses, and make life more affordable for North Carolinians. These provisions contributed to nearly $1 trillion more in revenues to the US Treasury than the Congressional Budget Office anticipated. How you say? Because the economy grew that much more leading to a larger tax base.
Securing Critical Permitting Reforms to Improve Our Infrastructure Network
The Transportation and Infrastructure Committee approved two pieces of legislation I introduced aimed at reducing burdensome and duplicative government regulations.
The first piece of legislation passed by the Committee is H.R. 7023, the Creating Confidence in Clean Water Permitting Act. H.R. 7023 includes my bill to streamline the Nationwide Permit (NWP) process for regulated entities involved in improving U.S. energy production, transportation infrastructure, and other commercial activities.
The Committee also passed my bill H.R. 5089, the Reducing Regulatory Burdens Act. H.R. 5089 eliminates duplicative and unnecessary regulatory burdens at the Environmental Protection Agency (EPA) while maintaining rigorous public health and environmental protections.
Time is money, and ensuring important infrastructure and energy development projects do not become stuck in a bureaucratic quagmire is vital to addressing supply chain challenges and promoting commerce. Together, the policy solutions passed out of the full committee this week include targeted, commonsense reforms to make regulations simple to understand and easy to follow, which has the added benefit of making them easier to enforce. In doing so we can keep projects on time as well as on budget, all while maintaining our nation's clean water infrastructure. Read more here.