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Economy

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.”

Simpson Opposes Government Spending Bill

| Posted in Op-eds

“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.”

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.”

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.”

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.”

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.”

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.”

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.”

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.”