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 24, 2020 Press Release

GREEN BAY, WI — Rep. Mike Gallagher (R-WI) today called on Governor Tony Evers to create a bipartisan, bottom-up plan to reopen Wisconsin’s economy. In a letter to the Governor, Gallagher urged him establish a task force comprised of state legislators to empower ideas from localities and members of civil society about how to get Wisconsin back to work.

February 7, 2020 Columns

The Wall Street Journal

By Mike Gallagher

February 6, 2020

December 20, 2019 Press Release

Rep. Mike Gallagher (R-WI) today issued the following statement after the House passed the USMCA in overwhelming bipartisan fashion by a vote of 385 to 41.

In an increasingly global economy, strong trade agreements are vital to Wisconsin farms and businesses. This agreement will be a substantial improvement over the status quo, and stands to support thousands of Wisconsin jobs, expand market access to Canadian and Mexican markets, particularly for our dairy farmers, and provide another jolt to an already strong economy.

September 26, 2019 Press Release

Congressman Mike Gallagher (R-WI) today released the following statement after President Trump announced that the United States and Japan have signed a trade-enhancement agreement impacting agricultural, industrial, and digital trade. The agreement is the first step in a broader trade agreement with Japan, and will reduce tariff barriers and open up Japanese markets to over $7 billion in U.S. products when implemented.

May 17, 2019 Press Release

WASHINGTON, D.C. – Congressman Mike Gallagher today released the following statement after the Trump administration agreed to lift steel and aluminum tariffs on Canada and Mexico.

January 30, 2019 Press Release

Washington, D.C. – Today Representative Mike Gallagher (R-WI), joined by his colleagues Reps.

January 30, 2019 Press Release

Washington, D.C. – Today Congressman Mike Gallagher (WI-8) introduced the Bicameral Congressional Trade Authority Act of 2019, legislation to require the president to submit to Congress any proposal to adjust imports in the interest of national security under Section 232 of the Trade Expansion Act of 1962. A companion bill was also introduced in the Senate.

July 11, 2018 Press Release

Washington, D.C. – Today Representative Mike Gallagher (R-WI), joined by his colleagues Reps. Ron Kind (D-WI), Mark Sanford (R-SC), Jimmy Panetta (D-CA), Leonard Lance (R-NJ), and Ryan Costello (R-PA) introduced legislation that would require the president to submit to Congress any proposal to adjust imports in the interest of national security under Section 232 of the Trade Expansion Act of 1962. 

March 21, 2018 Press Release

Washington, D.C. – Rep. Mike Gallagher led a group of his colleagues in a letter to the newly formed Joint Select Committee on Multiemployer Pension Solvency, urging the committee to find a fiscally responsible solution to the impending multiemployer pension crisis. According to the most recent report, the multiemployer pension program is expected to be insolvent by 2025.

February 19, 2018 Columns

Milwaukee Journal Sentinel | Rep. Mike Gallagher

Much has been said about the tax reform bill over the last couple of months, but few have noticed a provision that gives states a new tool to revitalize struggling communities.

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