Economy and Jobs
Small businesses play a vital role in our local economy. I am encouraged by the growth in development of small businesses in the 21st District. I support policies that create jobs and economic opportunities in Texas and the nation. I have been an advocate for small businesses by working to lower the taxes and reduce the high cost of health insurance for small businesses and the self-employed.
In the past, I have cosponsored the “Small Business Health Fairness Act of 2007,” which improves access and choices for entrepreneurs with small businesses with respect to medical care for their employees. This measure significantly expands access to health coverage for uninsured families across the country by creating Small Business Health Plans. I also supported the “Small Business Fairness in Contracting Act” which improves opportunities for small businesses to compete for federal contracts.
I will continue to support small businesses and promote a pro-economic growth agenda.
Tax reductions generate strong economic growth. They enable Americans to save, invest and spend more of their income. This creates a business environment that rewards creativity and innovation.
History tells us reducing taxes across-the-board helps the economy grow. Tax relief worked in the 1980`s, it worked in the 1990`s, and it will work again now.
In the past, I have supported tax relief plans that benefit all taxpayers by reducing the marginal tax rate for all brackets, repealing the estate tax, permanently repealing the Alternative Minimum Tax, increasing the child tax credit, and addressing the issue of the marriage tax penalty.
Our economy needs tax relief. We need to create more jobs and the best way to help companies, investors and entrepreneurs to create good, private-sector jobs is to reduce taxes across-the-board. And the best way to refuel the economy and keep Texas competitive and growing is to reduce taxes. Jobs must come first.
I will continue to support reducing the tax burden on Americans.
More on Economy and Jobs
WASHINGTON – Today Congressman Lamar Smith (TX-21) voted in support of The Tax Cuts and Jobs Act, which raises take-home pay and creates jobs. The bill passed 227-205.
Rep. Smith: “Today we kept our promise to the American people by passing pro-family, pro-growth tax reform for working Americans. The Tax Cuts and Jobs Act creates jobs, reduces taxes and gives bigger paychecks to families.
Washington, DC – Today Rep. Lamar Smith (R-TX) voted in support of the final budget for FY2018 (Senate Amendment to the FY2018 Budget Resolution) which establishes the budget for the United States government for fiscal year 2018 and sets budget levels for the next ten years. The budget passed by a vote of 216-212.
Washington, DC – Today Rep. Lamar Smith (R-TX) voted in support of H. Con. Res. 71, which establishes the budget for the United States government for fiscal year 2018 and sets forth budget levels for fiscal years 2019 through 2027. The budget passed by a vote of 219-206.
WASHINGTON – Congressman Lamar Smith (TX-21) gave the following statement today on Republicans’ Unified Framework for Fixing Our Broken Tax Code.
Washington, DC – Congressman Lamar Smith (R-TX) issued the following statement in response to Senators Tom Cotton (R-AR) and David Perdue’s (R-GA) introduction of the Reforming American Immigration for a Strong Economy (RAISE) Act. Senators Cotton and Perdue announced the introduction of legislation to reform our legal immigration system Wednesday morning with President Trump at the White House.
Washington, DC – Today Congressman Lamar Smith (R-TX) gave the following statement on his vote in support of the Financial CHOICE Act (H.R. 10), which passed in the House 233-186:
President Donald Trump has promised to increase defense spending. But rather than increasing spending, we should first spend smarter.
The solar energy industry is growing the fastest in some of the most politically conservative corners of the Lone Star State, a new report from the Solar Foundation shows.
WASHINGTON, D.C. – On Tuesday, the U.S. Chamber of Commerce honored Congressman Lamar Smith (TX-21) with its annual Spirit of Enterprise Award, given in recognition of his 100% score in 2016.
WASHINGTON D.C. (KXAN) — “Everything that is broken in our country can be fixed. Every problem can be solved,” said President Donald Trump during Tuesday’s address to Congress.
The President focused on broad themes, but also provided more details on his policy agenda. The two big issues Trump touched on, immigration and healthcare.