Economy

Simpson Requests Budget Hearing to Address Real Costs of Health Care

| Posted in Press Releases

“This massive health care takeover will not save money nor create a better health care system. I cannot stress enough the damage that this bill will do. It will make our health care system weaker, not stronger, and it will damage our economy by adding more and more taxes that continue to stunt our economic growth. The public has the right to know what the true costs are of this legislation.” Read more »

House Votes to Eliminate Member Pay Increase for 2011

| Posted in Press Releases
Tags: Economy

“With job numbers at historic lows and the national debt at record highs, it would simply be unacceptable for Members of Congress to allow themselves any kind of personal pay raise.” said Simpson. “Most of my constituents won’t get a pay raise this year and I shouldn’t either.” Read more »

Today is Tax Day – Fundamental Reform is Critical

| Posted in Press Releases
Tags: Economy

“On Tax Day this year, many Americans are struggling to make ends meet and facing difficult economic realities that make their tax burdens feel even heavier,” said Simpson. “Providing families and businesses with permanent tax relief is the best way to jump-start our economy and put us on the path toward long-term financial security.” Read more »

Simpson Votes Against Health Care Reconciliation in Budget Committee

| Posted in Press Releases

“Unfortunately,” Congressman Simpson said, “the Budget Committee today started the health care reconciliation process with a partisan and largely ceremonial markup vote. This procedural maneuver will allow Democrats, now without enough votes to pass the bill in regular order, to pass it with only 50 votes in the Senate, rather than the 60 normally required for controversial pieces of legislation.” Read more »

Simpson Questions White House Budget Director on the Budget and National Debt

| Posted in Press Releases
Tags: Economy

“If anybody wants to understand what the problem is in Washington, D.C., all they need to do is listen to the debate that’s gone on here, pointing fingers and trying to decide who’s to blame. The reality is the American people don’t care who’s to blame, they just want the problem solved.” Simpson continued, “This budget is not fiscally responsible over the long term, and what the American people are saying is we need to quit spending money, it’s that simple.” Read more »

Simpson Opposes Latest So-Called “Stimulus”

| Posted in Press Releases
Tags: Economy

“While Idaho families are struggling to make ends meet and one in ten Americans is out of work, the Democrats have been doing everything they can to kill jobs by imposing greater tax and regulatory burdens on our nation’s job creators,” said Simpson. “Businesses in Idaho have told me that they cannot afford to invest in job creation while Congress is debating costly and expensive healthcare reform, cap and trade, and other sweeping and burdensome regulatory reforms that will make it even more difficult for them to survive. Apparently the Democrats don’t realize the key connection between jobs and those who create them. Rather than looking for real solutions to our nation’s economic crisis, they are simply pouring money into old, failed policies.” Read more »

Simpson Moves to Block Obama’s TARP Raid

| Posted in Press Releases
Tags: Economy

“Republicans insisted that TARP include a number of taxpayer protections, including a requirement that any repaid funds be returned to the taxpayer to pay down the federal debt,” said Simpson. “Obviously those protections were necessary—now that companies are paying back the TARP payments they received and the taxpayer is making billions of dollars in interest, the Democrats are trying to turn the program from a one-time emergency measure to a permanent slush fund for growing government.” Read more »

Simpson Votes Against Permanent Death Tax

| Posted in Press Releases
Tags: Economy

“The bottom line is that H.R. 4154 would impose higher taxes on Idaho’s farmers, ranchers, and small businesses. In the best of times I can’t support increasing taxes on Idaho families, but at a time when unemployment is in the double digits, imposing a greater tax burden on our nation’s job creators is utterly irresponsible,” said Simpson. Read more »

Unemployment: We Need Real Solutions

| Posted in Press Releases
Tags: Economy

While Americans struggle to pay bills and keep food on the table, the Obama Administration and the Democrats in Congress continue to spend as if there were not record debts already on the books. While American jobs disintegrate they are working to ensure Khalid Sheikh Mohammed does not have his constitutional rights violated, and they continue to push a trillion-dollar plus health care government take-over and a cap-and-trade bill that will only further hamstring our economy. Read more »