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Georgia has consistently been ranked as one of the top states for business, just recently being named the best state to do business for the eighth consecutive year by Area Development magazine—and as a small business owner for almost 40 years, I understand the effect that not only creating jobs but jump starting our economy can have on our nation and its people. That’s why one of my primary focuses during my tenure in Congress is to always promote conservative economic policies that spur growth. By supporting legislation that grows the economy, creates jobs for hardworking Americans, and reduces the size and scope of the federal government for everyone, we can ensure Georgia remains a top state for business and families and America remains competitive around the world. During the 115th Congress, I am proud to say that President Trump and a unified Congress delivered an early Christmas present to the American people in December 2017. We kept our promise to jumpstart the economy and put more money into family’s pockets by passing the largest tax reform in 30 years. Our tax plan provides bold reforms that will increase paychecks, grow local businesses, and expand our economy in ways that we have not seen in a long time. Specifically, this plan provides relief and simplification for families by doubling the standard deduction, lowering both the individual and corporate rates, eliminating special-interest deductions that increase rates and complicate Americans’ taxes, and reducing the tax rate on the hard-earned business income of Main Street job creators. These beneficial changes make filing taxes so simple that Americans will now be able to file their taxes on a form as simple as a postcard, while also allowing Americans to enjoy more of their paycheck. President Trump followed through and exceeded his promise to roll back two regulations for every new one created. President Trump’s Administration surpassed the 2:1 ratio in 2018, eliminating 12 regulations for every new one in 2018. In 2017, the Trump Administration eliminated 22 regulations for every new one. Since taking office, this Administration's deregulation efforts have achieved $33 billion in regulatory savings, and in 2018, these efforts alone delivered $23 billion in benefits to American families and business owners. On May 22, 2018, President Trump signed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, into law. This legislation rolled back harmful regulations of the Dodd-Frank Act on small and mid-size banks. Community banks’ doors were shuttering, bankers’ abilities to lend was being strangled by Dodd-Frank, small business owners were unable to build or expand their business, and while traveling Georgia’s 12th district, I heard time and again that Dodd-Frank must go. Consumers were facing more red-tape than ever when attempting to work with a bank or credit union and it was increasingly difficult to access credit. I was very pleased that we were able to get this legislation over the finish line to get banks back in the business of lending and allow our community banks of all sizes to return to the personalized level of service that consumers deserve. President Trump and House and Senate Republicans have once again implemented free market values that empower hardworking Americans and fuel the American Dream, leading to the historic economic boom we are experiencing across our nation. The goal of Congress should be to fuel growth for hardworking Americans; not to hinder it with burdensome taxation and regulations. During the 116th Congress, rest assured I will continue to support legislation that will spur economic growth and will fight proposals that hurt the tremendous growth we have achieved under President Trump and the Republican-led Congress. |
