Rachael Slobodien - February 01st, 2018
Washington, DC – Today, the Club for Growth PAC announced its endorsement of former Washington State Senator Dino Rossi, who is running for Congress in Washington’s eighth congressional district, to replace Congressman Dave Reichert, who is retiring.
“Club for Growth PAC is pleased to announce its endorsement of Dino Rossi for Congress,” stated Club for Growth PAC President David McIntosh. “Throughout his years serving in Washington’s State Senate, Dino has shown his fiscal conservative stripes time and time again. Dino has fought against out-of-control spending at the state level, and he’ll continue this fight at the federal level once he’s elected to Congress. He’ll work to curb the deficit and reckless spending that have become woven into the fabric of Congress.
“A staunch supporter of free trade, Dino will not be beholden to special interests or unions, who advocate protectionism over prosperity for all. He has also supported a state budget that cut spending and legislation that capped property taxes. Not only does Rossi’s record demonstrate that he is personally committed to cutting spending and reducing government’s role, he has also been an effective communicator for limited government to skeptical, more liberal voters in Washington State.”
Club for Growth Leads Coalition Urging Trump to End Taxation of “Phantom Income” Through Executive Order
Rachael Slobodien - January 29th, 2018
Washington, DC – Today, ahead of President Trump’s first State of the Union address, Club for Growth along with nearly 30 other conservative groups sent a letter to President Trump and Treasury Secretary Steve Mnuchin asking that they issue an executive order that would index capital gains to inflation so that taxpayers are no longer forced to pay taxes on “phantom” gains.
This letter is a companion letter to one Club for Growth and conservative allies sent to President Trump and Secretary Mnuchin last fall. Below is the text of the letter along with the full list of organizations who signed it.
January 29, 2018
Dear President Trump and Secretary Mnuchin,
On behalf of the following organizations representing millions of American taxpayers, we congratulate your strong leadership in helping pass the Tax Cuts and Jobs Act of 2017. It’s extremely pro-growth, delivers real tax cuts to working families, and signals to the private sector that Washington is not interested in smothering the economy through bigger government.
To follow up on that success, we write to strongly recommend that you use your executive power as president to end the tax injustice that is currently included in the computation of capital gains. Specifically, we request an Executive Order that would index capital gains to inflation so that taxpayers do not pay taxes on “phantom” gains.
For much the same reason that regular income tax brackets were indexed to inflation over 30 years ago, we believe that it is only a matter of fairness to do the same for capital gains.
For example, if someone saving for retirement purchased an S&P index fund for $1,000 in 2008 and dutifully held it for ten years, they could now sell it for $1934. That’s a gain of $934. Unfortunately, the full amount would be subject to taxation. But $168 of that $934 isn’t a real gain at all. It’s phantom income that was eaten away because of inflation. And yet, taxpayers are currently forced to pay taxes on this nonexistent income.
Signing this Executive Order would have an immediate, pro-growth effect on the American economy. The real after-tax rate of return on all equities would immediately be priced higher – thereby increasing the wealth held by the millions of working and retired Americans who own 401ks, IRAs, mutual funds, and brokerage accounts. It would further encourage people to expand their savings, and incentivize people to start doing so. By preventing the money from unjustly going to the government, it could be re-invested in the economy, allowing businesses to expand, innovate, and create more jobs.
We endorsed this Executive Order in 2017, but we suspended our efforts so that it did not confuse the tax reform debate. Now that tax cuts has been successfully passed into law, we believe now is the right time to continue your successful leadership in bringing about real economic growth through additional tax cuts. This executive order would do just that.
Club for Growth
Americans for Tax Reform
Vice President of Legislative Affairs
Heather R. Higgins
President and CEO
Independent Women’s Voice
Independent Women’s Forum
Center for Worker Freedom
60 Plus Association
Family Business Coalition
President & CEO
Small Business & Entrepreneurship Council
Sal J. Nuzzo
Vice President of Policy
The James Madison Institute
Center for Freedom and Prosperity
Center for Individual Freedom
Americans for Limited Government
National Taxpayers Union
Committee to Unleash Prosperity
Taxpayers Protection Alliance
Vice President of External Affairs
Americans for Prosperity
Executive Vice President
Freedom Partners Chamber of Commerce
The LIBRE Initiative
The American Conservative Union
Co-Founder & Co-Chair
Women for Trump
Campaign for Liberty
Stacy French - January 28th, 2018
January 26, 2018
Speaker of the House Paul D. Ryan
U.S. House of Representatives
Washington, D.C. 20515
Dear Mr. Speaker,
On behalf of the undersigned organizations and our millions of members, we appreciate your leadership in bringing the debate over earmarks into the open after the attempt to modify the earmark moratorium in the Republican Conference on November 16, 2016.
Following that meeting, you were quoted by sources in the room that you wanted a “more thorough process to look at this issue” and that it was not appropriate to reinstitute earmarks in a secret-ballot process.
We agree that any modification of the earmark moratorium or any legislation related to earmarks must be done through a recorded, public vote, and urge you to reiterate your commitment to this process.
Earmarks are corrupt, inequitable, and wasteful. They circumvent the authorization and appropriations process. The history of earmarks is not apparent to the more than 60 percent of House Republicans who were elected following the establishment of the moratorium in 2011. While these members may be tempted by the promise of earmarks, they should be aware that at best they might get a few morsels of pork. In the 111th Congress, 81 appropriators (50 in the House and 31 in the Senate), who constituted 15 percent of the entire Congress, purloined 51 percent of the earmarks and 61 percent of the money.
We understand that if a vote for the return of earmarks takes place outside of the legislative process, it could be behind closed doors in a Republican Conference meeting, or possibly at the Republican retreat on January 31-February 2. Those who call for reviving earmarks claim that they will be more transparent and accountable than in the past. If that is the case, a secret vote gives little confidence to taxpayers that a new earmark regime would be above board.
We do not support a restoration of earmarks in any way and continue to advocate for a permanent earmark ban. But, if a vote to restore earmarks were to take place, we respectfully urge you to ensure that the vote tally is made public, so that the American people can know who decided to bring back bridges to nowhere, indoor rainforests, and teapot museums.
Tom Schatz, President, Council for Citizens Against Government Waste
Adam Brandon, President, FreedomWorks
Pete Sepp, President, National Taxpayers Union
Grover Norquist, President, Americans for Tax Reform
David McIntosh, President, Club for Growth
Senator Jim DeMint
Edward Corrigan, Former Executive Director of the Senate Steering Committee
David Williams, President, Taxpayers Protection Alliance
Carrie Lukas, President, Independent Women’s Forum
Heather R. Higgins, President and CEO, Independent Women’s Voice
Michael A. Needham, CEO, Heritage Action for America
Andrew Quinlan, President, Center for Freedom and Prosperity
Jonathan Bydlak, President, Coalition to Reduce Spending
Ryan Alexander, President, Taxpayers for Common Sense
Lisa B. Nelson, CEO, ALEC Action
Jim Martin, Founder and Chairman, 60 Plus Association
Olivia Grady, Senior Fellow, Center for Worker Freedom
Phil Kerpen, President, American Commitment
George Landrith, President, Frontiers of Freedom
Jenny Beth Martin, Chairman, Tea Party Patriots Citizens Fund
Victor Riches, President and CEO, Goldwater Institute
Stacy French - January 22nd, 2018
Rachael Slobodien - January 18th, 2018
This week the Club for Growth will unveil a new ad, “Hangover,” that brings attention to the wasteful spending practice of earmarks that Rep. John Culberson (R-TX) and some of his Republican colleagues seek to restore.
Ahead of releasing the ad, Club for Growth President David McIntosh offered the following statement: “In 2011, taxpayers scored a huge victory when Republicans forced Congress to sober up and swear off earmark spending. But some House Republicans haven’t lost their taste for waste and are tempted to go off the wagon. Bringing back earmarks would be costly both to taxpayers’ wallets and Republicans’ chances of holding a majority in the House. We thought we’d explain the risks to John Culberson, who has publicly stated support for bringing back earmarks. Club for Growth encourages members to do the right thing for taxpayers and abandon their desire to reinstitute earmarks.”
The ad will run on TV in Texas beginning tomorrow and digitally for a week.
To watch Club for Growth’s ad, click here.
The transcript of the 15-second ad can also be found below.
“John Culberson’s been sober for years. But he’s getting thirsty.”
“He wants to bring back earmark spending in Congress. You know: Wasteful spending that gives taxpayers a wicked hangover.”
“Tell Culberson to just say NO to earmarks.”