Congressman Michael McCaul

Representing the 10th District of Texas

Economy

Sustaining economic growth continues to be one of our nation's primary challenges.  That is why I support pro-growth economic policies that foster innovation and job creation.  My plan rejects the big government cycle of “tax, spend and borrow” that discourages prosperity and economic growth.

Giving away your hard-earned tax dollars to companies that made poor and often unethical business decisions, and spending your money on pork projects that don’t create jobs only serves to grow our national debt.   Economists share my concern that we are headed toward hyperinflation:  prices will go up, the value of the dollar will decline, and interest rates on credit cards and mortgages will skyrocket. If we continue down this path, it appears that our children will be worse off than we are or their grandparents were.  It’s not supposed to be this way.

I support a budget plan that will move Americans toward prosperity without spending record amounts of taxpayer dollars and without increasing the tax burden on families and businesses.  Especially during a recession, our priority should be to help businesses succeed by creating a business-friendly environment with reasonable tax burdens and responsible regulations that won’t stifle job creation.  Minimizing the tax burden on families will allow them greater flexibility to make ends meet.  Lowering the Capital Gains tax will encourage private investment in our financial markets.

I helped lead the charge to ban Earmarks beginning in 2008.  In 2011 when Republicans took back the House, we were able to permanently eliminate earmarks.  Although they can be a valuable tool to local economies, the system was susceptible to waste, political gamesmanship and was abused to the point where Americans stood up and asked Congress to eliminate them.  

I will continue to be a steward for ensuring taxpayers' hard earned dollars are spent wisely and cast votes in favor of economic prosperity and legislation that promotes American job growth.

More on Economy

Nov 1, 2018 Op-Eds

As we approach Election Day on Tuesday, Americans remain rightly concerned with the potential of Russian election interference.

But while it is clear that Russia is an adversary – and is actively attempting to sow discord among Americans – we should keep our eyes on China as well, because that nation is targeting our way of life through a broad-based manipulation strategy.

China and its Communist Party are mounting a whole-of-nation, government-led effort to weaken our nation’s institutions and our values in order to strengthen their own malicious ambitions.

Oct 1, 2018 Press Release

WASHINGTON, D.C. – Congressman Michael McCaul (R-TX), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, released the following statement on the United States-Mexico-Canada trade agreement.

Aug 27, 2018 Press Release

WASHINGTON, D.C. – Congressman Michael McCaul (R-TX), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, released the following statement after President Trump announced an updated trade agreement with Mexico.

Aug 13, 2018 McCaul Column

When Ronald Reagan took to the stage in his only debate against Jimmy Carter in 1980, he asked the American people one simple question: “are you better off than you were four years ago?”  The answer was a resounding “no!”

Just over two years ago, the American people were again asked this question, and again could not respond positively.  My colleagues and I heard from our constituents that they had become disillusioned by our country’s direction.  The idea of providing their kids with a better life was quickly slipping away and the American Dream was disappearing.

Mar 22, 2018 Press Release

WASHINGTON, D.C. – Congressman Michael McCaul (TX-10), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, released the below statement following the passage of H.R. 1625 Consolidated Appropriations Act, 2018.

Dec 19, 2017 Press Release

WASHINGTON, D.C. – Congressman Michael McCaul (R-TX), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, applauds the House passage of the final version of H.R. 1, the Tax Cuts & Jobs Act, to reform our tax code.

Dec 4, 2017 Press Release

WASHINGTON, D.C. – Congressman Michael McCaul (R-TX), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, released the following statement after the House voted to go to conference on H.R. 1, the Tax Cuts and Jobs Act.

Nov 16, 2017 Press Release

WASHINGTON, D.C. – Congressman Michael McCaul (R-TX-10), Chairman of the House Committee on Homeland Security and a senior member of the House Foreign Affairs Committee, released the below statement after the House took historic action to reform our tax code by passing the Tax Cuts and Jobs Act.

Nov 2, 2017 Press Release

WASHINGTON, D.C. – Today, Congressman Michael McCaul (R-TX), Chairman of the House Homeland Security Committee and a senior member of the House Foreign Affairs Committee, applauded the introduction of H.R. 1, the Tax Cuts and Jobs Act.  This is bold legislation to overhaul our nation’s tax code for the first time in 31 years.

Jun 8, 2017 Press Release

WASHINGTON, D.C. – Today, Congressman Michael McCaul (TX-10) – Chairman of the Homeland Security Committee and a senior member of the Foreign Affairs Committee – released the below statement following the House passage of the Financial CHOICE Act to grow our economy in Texas.