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

April 21, 2021 Press Release

WASHINGTON, D.C. – Reps. Mike Gallagher (R-WI) and Ro Khanna (D-CA), alongside Senate Majority Leader Chuck Schumer (D-NY), Senator Todd Young (R-IN), today reintroduced the bipartisan Endless Frontier Act. The bill is a bold initiative to solidify the United States’ leadership in scientific and technological innovation through increased investments in the discovery, creation, and manufacturing of technology critical to national security and economic competitiveness.

March 10, 2021 Press Release

WASHINGTON, D.C. – Rep Mike Gallagher (R-WI) today released the following statement after voting against H.R.

March 3, 2021 Press Release
WASHINGTON, D.C. — Rep. Mike Gallagher (R-WI) today introduced the Great Lakes Winter Commerce Act, a bill that would clearly define the U.S. Coast Guard's (USCG) responsibility for icebreaking on the Great Lakes. Currently, the USCG conducts Great Lakes icebreaking based on a 85-year-old Executive Order that fails to clearly define the USCG's mission. This bill would update that mission to help ensure it meets the modern demands of commerce in the Great Lakes region.
February 23, 2021 Press Release
GREEN BAY, WI — Rep. Mike Gallagher (R-WI) today announced that NeighborWorks Green Bay was awarded a grant of $385,000 to address affordable housing challenges and community development in Northeast Wisconsin. The grant was awarded through NeighborWorks America, and will be used to support basic operations, including capital funds to invest in real estate and lend to homebuyers. 
 
February 2, 2021 Press Release

Rep. Mike Gallagher (R-WI) today joined Rep. Kelly Armstrong (R-ND) and more than 80 of his colleagues in introducing the Keystone XL Pipeline Construction and Jobs Preservation Act, a bill that authorizes the construction and operation of the Keystone XL Pipeline and declares that a Presidential permit is not required.

November 20, 2020 Press Release
WASHINGTON, D.C. — Rep. Mike Gallagher (R-WI), alongside Reps. Liz Cheney (R-WY) and Chris Stewart (R-UT), today introduced the American Financial Markets Integrity and Security Act, which would prohibit any Chinese companies from accessing U.S. capital markets if they are listed on the U.S. Department of Commerce Entity List or the U.S. Department of Defense list of Communist Chinese military companies.
October 1, 2020 Press Release

Rep. Mike Gallagher (R-WI) today released the following statement after the House again failed to pass a bipartisan Coronavirus relief package.

September 29, 2020 Press Release
Rep. Mike Gallagher (R-WI) today signed a discharge petition to provide crucial support to American small businesses amidst the ongoing pandemic. Should the petition garner 218 signatures in the House, it would force a floor vote on H.R. 8265, a bill that would extend the Paycheck Protection Program (PPP) and allow companies to take second draw loans to help stay float through the end of the year.

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