Economy
I am a firm believer that in order to foster job creation we must get big government out of the way to allow the American entrepreneurial tradition to prosper again. For too long, burdensome regulations have limited economic and job growth in this country, which is why I'm a strong proponent of regulatory reform and ensuring that the competitive spirit of the American economy is restored. Earlier this Congress, I voted in favor of eight resolutions to disapprove of midnight regulations rushed by the Obama Administration on their way out of office.
I am strongly in favor of a simpler and fairer tax code that provides economic relief to the middle class and incentivizes job growth in Northeast Wisconsin and across the country. The last time Congress truly tackled tax reform was in 1986, that was 31 years ago. Since then, our tax code has become a monstrosity of special interest loopholes that make it burdensome for small businesses and hard working Americans to navigate. We must enact legislation that simplifies our code and is pro-growth and benefits the hard working men and women of Wisconsin's 8th District.
Another area that must be addressed is financial reform. Since the enactment of Dodd-Frank, one in four community banks has closed. I support replacing this misguided and job killing legislation with fair and strong regulation that will enable more investment and growth on Main Street that has been struggling under this law.
Sponsored Legislation:
- H.R. 1 - Tax Cuts and Jobs Act
- H.R. 10 - Financial Choice Act
- H.R. 26 - Regulations from the Executive in Need of Scrutiny Act
Co-sponsored Legislation:
- H.R. 1116 - TAILOR Act
- H.R. 2890 - Housing Opportunity Mortgage Expansion Act
- H.R. 4886 - Permanent Tax Cuts for Americans Act
- H.R. 4829- AI Jobs Act of 2018
H.R. 6616 - The Everyday Philanthropist Act
H.R. 5116 - Stop Foreign Businesses Sanctuary Act
Caucuses:
- Middle Class Jobs Caucus
Op-eds:
More on Economy
Rep. Mike Gallagher (R-WI) today released the following statement after voting for the Tax Relief for American Families and Workers Act.
A top House Republican is moving to force a Trump administration-era policy back into the federal government, calling it a "simple way" to rein in President Biden’s progressive regulatory actions.
Rep. Mike Gallagher (R-WI), Chairman of the Select Committee on the Chinese Communist Party, today hosted the U.S. Patent and Trademark Office’s IP Road Show in Green Bay.
Representative Mike Gallagher (R-WI) today released the following statement after President Biden visited Wisconsin.
Reducing dependence on Chinese supply chains, the need for permitting reform for critical minerals, and concerns over a lack of reciprocity with China on testing autonomous vehicle technologies were among the themes of meetings Tuesday between top automotive executives and federal lawmakers.
Rep. Mike Gallagher (R-WI) and Rep. Jim Banks (IN-03) today introduced the Protecting Americans’ Retirement Savings Act (PARSA), which would block private pension plans under the Employee Retirement Income Security Act (ERISA) from making new investments in companies controlled by or based in our foreign adversaries.
Rep. Mike Gallagher (R-WI) today released the following statement after voting for the Fiscal Responsibility Act, a bill that would reduce the deficit by more than $2 trillion and implement commonsense reforms that help grow the economy and rein in government spending.
Chinese police last week raided several CapVision offices in China, following similar raids on the Mintz Group in Beijing and Bain & Company in Shanghai. Due diligence and corporate consulting are not usually lightning rod industries, yet these American companies suddenly had their employees detained, their property confiscated, and their offices shuttered.