Economy
Under President Biden's Administration, inflation skyrocketed.
Republicans, including myself, are committed to making meaningful spending cuts in this new term to fight inflation and lower the cost of living for every day Americans.
We are also working to unleash American energy — bringing gas prices down across the nation — and strengthen our supply chains by encouraging American production. In the 118th Congress, I voted for H.R. 1, the Lower Energy Costs Act, to tackle the energy crisis and bring inflation down.
I also sponsored the TCJA Permanency Act, legislation to keep more money in Americans' wallets by making permanent the tax cuts for families and small businesses enacted in 2017.
Inflation is a tax on all Americans. I will continue working to ensure taxpayers' hard-earned dollars are spent wisely and cast votes in favor of economic opportunity and American job growth.
More on Economy
WASHINGTON, D.C. – House Homeland Security Chairman Michael McCaul (R-TX), issued the following statement in regards to President Trump's budget proposal.
Politicians on both sides of the aisle have spent a lot of time paying lip service to our nation's entrepreneurs. On one hand, we tell them they are "the cornerstone of our communities," then on the other we promulgate regulations that stifle competitiveness and innovation rather than unleash it. Instead of being able to focus their time on hiring and growing their industries, small business owners are struggling to keep their heads above water.
WASHINGTON, D.C. – Today, Congressman Michael McCaul (TX-10) issued the following statement about President Trump's executive order on regulations.
President Trump signed an executive order requiring that for every new federal regulation implemented, two must be rescinded. This came after the re-introduction of McCaul's One In, One Out Act, which would require at least one deregulatory measure be found with greater or equal cost before a federal agency can impose a new costly regulation on small businesses.
WASHINGTON, D.C. – Congressmen Michael McCaul (TX-10), Phil Roe MD (TN-1), Rick Allen (GA-12), Dave Brat (VA-07), and Louie Gohmert (TX-01) introduce the One In, One Out Act to cut the red tape in order to get government out of the way where it is most harmful and let business owners do what they do best – hire, compete, innovate, and flourish.
WASHINGTON, D.C. – Congressman Michael McCaul (TX-10) and Congresswoman Kyrsten Sinema (AZ-09) introduced the No Raise for Congress Act today to end automatic pay increases for members of Congress.