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

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.
September 28, 2020 Press Release
GREEN BAY, WI — Rep. Mike Gallagher (R-WI) today joined U.S. Housing and Urban Development (HUD) Secretary Ben Carson in Green Bay for a roundtable discussing the role that public-private partnerships play in addressing affordable housing issues. The roundtable took place in an Opportunity Zone, and was followed by a tour of the Broadway Loft Apartments.
 
September 10, 2020 Press Release
GREEN BAY, WI  Rep. Mike Gallagher (WI-08) today announced that the Door County Economic Development Corporation (DCEDC) received a $550,000 investment to help small businesses impacted by the Coronavirus pandemic. The investment, which was awarded by the U.S.
September 2, 2020 Press Release
GREEN BAY, WI — Rep. Mike Gallagher (R-WI) today received the 2020 Spirit of Enterprise Award from the U.S. Chamber of Commerce for his work to support small businesses and grow the economy. The award recognizes Gallagher's commitment to not only supporting pro-business legislation, but also to his bipartisan leadership and constructive governance to move the country forward.
 
August 17, 2020 Press Release

GREEN BAY, WI — Rep. Mike Gallagher (R-WI) today was named a Fiscal Hero for 2020 by the Campaign to Fix the Debt, a non-partisan group affiliated with the Committee for a Responsible Federal Budget. The recognition was awarded to a bipartisan group of Senators and members of the House who demonstrated a commitment to fiscal responsibility and provided leadership on the issue.

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.

March 27, 2020 Press Release

Rep. Mike Gallagher (R-WI) today released the following statement after the House passed H.R. 748, the CARES Act, which provides more than $2 trillion in economic relief to combat the Coronavirus outbreak.

 

 

February 7, 2020 Columns

The Wall Street Journal

By Mike Gallagher

February 6, 2020

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