Regulation

Key Vote Alert – Scoring the Farm Bill + Amendments

Andrew Roth - May 17th, 2018

KEY VOTE ALERT

The Farm Bill (HR 2) + Amendments

The Club for Growth opposes the Agriculture and Nutrition Act of 2018 (HR 2), and we urge all House members to oppose it. A vote on final passage is expected this week. The vote will be included in the Club’s 2018 congressional scorecard.

Every five years or so, we’re reminded of the GOP’s rank hypocrisy on this issue. The party claims to be for free markets, but then they coddle up to special interests by handing out subsidies, price controls, and unfair trade practices.

Conservatives fought hard during the last farm bill debate to break up the unholy marriage of agricultural subsidy programs and the food stamp program. Yet this bill maintains that union as if our previous efforts never happened. On top of that, this bill doesn’t make any meaningful reforms to farm subsidies. And the savings from the modest reforms to the food stamps program are plowed back into the bill in other areas, resulting in no savings at all.

In addition to scoring the overall bill, the Club for Growth will score the following amendments to HR 2. Only if ALL of them successfully pass will we lift our opposition to the overall bill.

YES on Biggs #10 – this repeals several bioenergy programs established in the 2002 farm bill.

YES on Banks Amendment #31 – this repeals the EPA’s Clean Water Rule, which was unilaterally imposed during the last administration.

YES on Foxx Amendment #32 – this reforms the communist-styled sugar program by ending production quotas and the costly sugar-to-ethanol boondoggle.

YES on McClintock Amendment #93 – this phases out all agricultural subsidies by the year 2029.

Our Congressional Scorecard for the 115th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.

Club for Growth Applauds Senate Vote to Roll Back Obama-Era Auto-Lending Regulation

Rachael Slobodien - April 18th, 2018

Today, Club for Growth President David McIntosh issued the following statement after the U.S. Senate voted to disapprove of a Consumer Financial Protection Bureau (CFPB) rule on indirect auto lending.  At the request of Senator Toomey, the Government Accountability Office recently confirmed the Club’s position that the Obama-era interagency guidance is akin to formal rule-making authority.  Club for Growth has long been a proponent of Congress aggressively using the Congressional Review Act to its full extent, including to repeal Obama-era interagency guidances.  As a Congressman, Club for Growth President David McIntosh was the lead author of the CRA when it passed in 1996.

“Club for Growth applauds Senator Pat Toomey’s work to rein in the harmful legacy of the Obama Administration’s regulatory state,” stated Club for Growth President David McIntosh.

“Today’s Congressional Review Act vote of disapproval corrects an egregious overreaching by the CFPB in the area of auto-lending.  This effort adds a significant notch to the deregulatory efforts of the Republican Congress and Trump Administration.  Club for Growth urges the Senate and House to continue to bring up measures to roll back other onerous regulations and guidances that were so pervasive in the Obama Administration.”

 

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Heading into 2018…

Rachael Slobodien - January 08th, 2018

Only a few days into 2018 and we’re already off to a roaring start.  This week the Dow reached and surpassed the historic mark of 25,000, but that’s only the beginning of good financial news.  The S&P 500 and Nasdaq also reached record highs.

Below we’ve compiled several highlights that demonstrate just how solid the economy is growing under President Trump and the Republican Congress.  No matter how much the mainstream media seeks to underreport it, these numbers don’t lie. 

For example, well over 100 companies have awarded employees with “Trump Bonuses” after tax reform victory.  Not only are we seeing job opportunities increasing, our economy is also witnessing the lowest level of job-layoffs since the 1990s.

It’s worth noting that this may be getting too big for even The New York Times to ignore.  Check out this headline from New Year’s Day: The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings.

In the same vein, CBS News recently released a report on how the tax reform legislation will likely impact different households throughout the country.  Even the CBS analysis showed that each of the three households examined would pay less in taxes as a result of the tax legislation. 

But perhaps the best news is that this is only the beginning of the great things to come as a result of lower taxes and reduced regulations under President Trump.  On the regulatory front, the Trump Administration already has done much to rein in the regulatory state.

For example, in his first year in office, President Trump has:

More is still to come.  For example, a recent analysis shows that our nation’s Gross Domestic Product (GDP) will rise to well above 5 percent!  (This is an additional 2.2 percent growth in the long run). That increase translates to roughly $3,000 per household income increase!  That’s a significant amount for families struggling to make ends meet.  And remember, this is along with increased job opportunities and private-sector bonuses.

But as Club for Growth has been quick to note before, the Tax Cuts and Jobs Act passed last December shouldn’t be viewed as the endgame – rather, it’s just the beginning.

As both the House and the Senate return to Washington next week, Club for Growth encourages Congress to seize this momentum and continue to fight for more pro-growth reforms.

Below we’ve compiled an outline of a few pro-growth starting points for this year, particularly as Congress looks to enact more reforms to grow our economy.  As Club for Growth has noted before, Congress should take up a new tax bill next year, which includes:

  • Having a real 25 percent maximum rate for businesses organized as subchapter S corps or LLCs, rather than artificial exclusions for sectors like financial services, and unfairly excluding 80 percent of business income from the pass-through rate.
  • Making permanent the temporary tax cuts for individuals.
  • Eliminating the Death Tax.
  • Repealing fully the Alternative Minimum Tax.
  • Cutting capital gains taxes to spur individual investments.
  • Repealing fully the taxes in Obamacare.

Club for Growth Urges Fiscal Responsibility on Infrastructure Spending

Doug Sachtleben - May 11th, 2017

conservative-transportation-coalition-letter

The Club for Growth co-signed a letter to Congress urging strong support for protecting taxpayers and reforming regulations for any future spending on transportation and infrastructure. Click on the link above to read the letter.

Club for Growth Urges President Trump to Withdraw From Paris Climate Agreement

Doug Sachtleben - May 09th, 2017

“The Paris climate agreement threatens to harm American economic growth.”

 

Washington, DC –Club for Growth president David McIntosh, in remarks prepared for delivery today in Chicago at the American Coatings Association’s Spring Leadership Council, will urge the Trump Administration to begin the process of withdrawing the United States from the Paris climate agreement:

 

“The Paris climate agreement threatens to harm American economic growth,” said Club for Growth president David McIntosh. “President Trump was right during his campaign when he pledged ‘…to cancel the Paris Climate Agreement and stop all payments of U.S. tax dollars to U.N. global warming programs.’  The Paris Agreement undermines the Trump agenda of restoring economic growth and creating more American jobs.”

 

McIntosh also contends that the agreement will increase litigation over environmental regulations and will hinder the President’s promise to cut regulatory costs on American businesses.