Congressman Lamar Smith

Representing the 21st District of Texas
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Economy and Jobs

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Small Business

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.

Taxes

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

Jun 21, 2018

WASHINGTON – Congressman Lamar Smith (R-TX) gave the following statement on his vote in support of the Securing America’s Future Act (H.R. 4760).

Rep. Smith: “The Securing America’s Future Act secures our borders, implements workforce verification to end the illegal jobs magnet, reduces chain immigration, bolsters interior enforcement, and prevents abuse of our asylum laws. 

May 2, 2018

Harnessing the power of the stars here on Earth could supply our future energy needs. If we replicate the same nuclear reactions that occur in a star within a fusion reactor, the heat from these reactions could be converted into abundant renewable and reliable electricity. 

Apr 17, 2018

Washington, DC – Today, April 17, Congressman Lamar Smith (TX-21) gave the following statement on Tax Day.

Jan 30, 2018

Washington, DC – Congressman Lamar Smith gave the following statement in response to President Trump’s first State of the Union Address.

Jan 26, 2018

WASHINGTON – Congressman Lamar Smith (TX-21) issued the following statement in response to the framework on immigration reform released by the White House.  

Dec 19, 2017

WASHINGTON – Today Congressman Lamar Smith (TX-21) voted in support of the final Tax Cuts and Jobs Act, which raises take-home pay and creates jobs. The bill passed 227-203.

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 is the biggest update to the tax code in more than 30 years. The bill creates jobs, reduces taxes and gives bigger paychecks to families.

Nov 16, 2017

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.

Oct 26, 2017

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.

Oct 5, 2017

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.

Sep 27, 2017

WASHINGTON – Congressman Lamar Smith (TX-21) gave the following statement today on Republicans’ Unified Framework for Fixing Our Broken Tax Code.