Economy

Simpson Supports Time-Out for EPA Regulations

| Posted in Press Releases

“Like many Idahoans, I am deeply concerned that the EPA has drastically expanded its regulatory authority,” said Simpson. “By pumping out new regulations every week, the Obama Administration is using the EPA to force on the American people an extreme environmental agenda that is hurting our fragile economy.” Read more »

House Passes Cut, Cap and Balance Act

| Posted in Press Releases

Idaho Congressman Mike Simpson, a senior Member on the House Budget Committee, joined his Republican colleagues in passing H.R. 2560, the Cut, Cap, and Balance Act of 2011. It passed 234-190. H.R. 2560 responds directly to the budget and debt crisis facing our nation by curtailing out-of-control spending and reducing the size of the deficit through three mechanisms: Immediate Cuts – It cuts discre... Read more »

Simpson Applauds House Passing Historic Spending Reductions

| Posted in Press Releases

“This continuing resolution is the largest spending reduction in our nation’s history,” said Simpson. “These cuts and the open process under which they were considered represent a turning point for our nation, as Congress begins to respond to the concerns of the American people about the size of government and the growing national deficit. Cutting spending by over $100 billion is a huge step in the right direction, but it is only the first step, and Republicans are committed to doing what it takes to reduce federal spending, balance our budget, and get our economy growing again.” Read more »

Simpson Opposes Government Spending Bill

| Posted in Blog

“I cannot support any piece of legislation that locks in place for the next fiscal year the unsustainable spending levels of the past fiscal year,” said Simpson, a member of the House Budget Committee. “Virtually everyone in America knows that Congress has to cut spending, and the Continuing Resolution would have been a great place to start. Unfortunately, Democrats have missed yet again an opportunity to cut the federal budget and instead are content to continue down the path of even more spending and borrowing.” Read more »

Simpson Urges Vote on Extending Tax Cuts

| Posted in Press Releases

“All taxpaying Americans have benefited from marriage penalty relief, increased child tax credits, and a reduced tax burden on their income and their investments,” said Simpson. “Right now American families are struggling to make ends meet and small businesses are facing the possibility of laying off employees or closing their doors, and I simply don’t believe that a huge tax increase on families and job creators is the best way to get our economy growing again.” Read more »

Simpson Opposes Bail Outs to Greece, EU

| Posted in Press Releases
Tags: Economy

“There is no doubt that Greece’s serious debt crisis could have ramifications here at home, but I am deeply concerned about the long-term implications that bailing out other countries have for both the global economy and the U.S. economy,” Simpson said. “Putting other nations at risk because one country overspent and racked up enormous amounts of debt is a dangerous precedent to set.” Read more »