Tom Rice

Tom Rice

SOUTH CAROLINA's 7th DISTRICT

House Passes the Highway and Transportation Funding Act of 2014

2014/07/15

Washington, D.C. – Congressman Tom Rice (SC-07) today released the following statement regarding the House passage of H.R. 5021, the Highway and Transportation Funding Act of 2014, which extends federal surface transportation programs and ensures the solvency of the Highway Trust Fund through May 2015: “Washington must stop relying on short-term, band-aid fixes. That being said, we could not let the Highway Trust Fund expire because it would cost jobs across the country and halt construction on our nation’s road projects.  My colleagues and I will now use these extra months to work on sustainable, long-term solutions to fix our highways and transportation infrastructure.”  Read More

Frequently Asked Questions about House Litigation against Executive Overreach

2014/07/11

Frequently Asked Questions about House Litigation against Executive Overreach Q:  Why is the House of Representatives focusing on the Affordable Care Act’s employer mandate and leaving out immigration, the Bergdahl swap and other actions by the administration that many conservatives have argued are examples of presidential overreach?  A: There are many examples of executive overreach by the President, but his actions on the health care law are the ones that probably give the House of Representatives the best chance of success in the courts.  The employer mandate action by the President is also arguably the best known example of his executive overreach. Q:  Will taxpayer dollars be used to pay for this suit?  Is it a waste of money? A: Defending the Constitution is hardly a waste of money.  It is part of Congress’s official duty, which is clearly outlined in the oath of office each representative takes when sworn in to Congress. Q:  By focusing the suit on the Affordable Care Act and the employer mandate, isn’t the House of Representatives arguing that the employer mandate should be implemented? A: No; we are arguing that the President can’t unilaterally change the law, without congressional action.  The President changed the law to provide relief from the Affordable Care Act for big businesses, while leaving the law’s mandates intact for individuals and families.  That was a legislative change, but it was not the way the Legislative Branch would have done it.  The House position – expressed by bipartisan votes in 2013, days after the President announced this move – was that the Affordable Care Act’s mandates should be stopped for all Americans, not just for big businesses.  Rather than provide relief to all Americans, the President circumvented Congress and made his own, new law.  The President of the United States doesn’t have the authority under the Constitution to do that.  That’s what the House litigation will argue.  Q:  Shouldn’t the House of Representatives be focused on the jobs and the economy instead of lawsuits against the president? A: The House is focused on jobs and the economy, and will continue to be; one floor vote on one simple resolution does not change that. The House has passed dozens of jobs bills and some of them have become law, like the workforce development bill that was sent to the President this week.   Read More

Small Business Owners Encourage Congress To Expand Use of Cash Accounting

2014/07/10

Washington, D.C.— The Small Business Subcommittee on Economic Growth, Tax and Capital Access, under the chairmanship of Congressman Tom Rice (SC-07), today conducted a hearing on the issue of cash accounting, how it affects small businesses, and whether policies should be changed to allow small firms more flexibility in using an accounting method that best suits their operations. Before being elected to Congress, Congressman Rice worked as a tax attorney. According to a survey by the National Federation of Independent Businesses, 41 percent of small businesses use cash accounting, making it the preferred method of accounting for small businesses. Nevertheless, the Internal Revenue Code (IRS) requires that many small businesses in the United States use the more complicated accrual method of accounting for tracking cash receipts and disbursements. “Today’s witnesses overwhelmingly believe that Washington should expand the use of cash accounting because the majority of small businesses prefer it for their business operations,” said Chairman Rice. “The IRS prohibiting some small businesses from using cash accounting is a perfect example of a government barrier to private sector growth. As a tax attorney, I’ve dealt with small companies who spend too much time dealing with tax compliance requirements that are time-consuming and unnecessary. We should be doing everything possible to make it easier for small businesses to grow and create jobs. In addition, any tax reform proposal that Congress considers should protect and expand the use of cash accounting.” Materials from the hearing are available on the Committee’s website HERE. Notable Quotes:   Sarah Windham, Senior Tax Manager of Dixon Hughes Goodman, LLP in Charleston, SC said, “Since their income can fluctuate widely from year to year, accrual accounting, coupled with our progressive tax system, would likely cause farmers to pay more taxes over time than a company in a different industry with stable income over the same time period. Cash accounting allows them to accelerate expenses or defer income giving farms the option to even out their taxable income comparable with long‐term earnings of other industries.”   Terry Durkin, Owner of Durkin Associates in Burlington, MA said, “As Congress begins reforming the tax code, I urge you to keep in mind how essential cash basis accounting is to startup businesses, especially micro businesses. I believe Congress can do more to help them. Both Chairman Camp and former Senator Baucus’s proposals are good first steps, but I strongly recommend that Congress go even further.” Donald Williamson, Executive Director of the Kogod Tax Center at American University in Washington, DC said, “My testimony will describe and highlight the burden placed upon small businesses when the Internal Revenue Code requires them to be on the accrual method of accounting. However, even where the law permits a small business to use the simpler cash method of accounting, the general requirement to maintain inventory records creates burdens that may only influence by only a few months the timing of a small business’s taxable income. Therefore, we urge Congress to not only expand the number of businesses eligible to use the case method of accounting but to also enact a “simplified” cash method of accounting for small business that would further reduce unnecessary record keeping and compliance burdens. We believe such simplification will neither adversely affect the accuracy of tax returns nor impact the ability of the IRS to collect tax.” Read More

Rep. Rice: Multi-County Investment Brings Jobs and Optimism to District

2013/04/04

Florence, S.C.—Rep. Tom Rice (SC-07) released the following statement today in regards to the expansion of Harbor Freight Tools and their $60 million dollar investment in South Carolina’s 7th Congressional District:“I was thrilled to learn that Harbor Freight Tools has decided to expand in our district.  This is good news for everyone- for Dillon County, Marion County, Marlboro County, the 7th district, and for South Carolina.   This $60 million dollar investment in our community is a multi-county initiative and will create as many as 200 jobs, will spur economic growth, and bring an influx of capital to the district.  I am proud to represent a right-to-work state that is consistently attracting new business and will continue to do so because South Carolinians, our business community, and our state’s leaders all share the same free market values. “I will continue to encourage our pro-business climate and will continue to do everything I can to grow our community, create more jobs, and attract new business because when one community thrives, the entire state thrives.  Thank you Harbor Freight Tools for your investment in Dillon, Marlboro, and Marion Counties; in our district; and in our state.” Read More

Rep. Rice’s Statement on the State of the Union Address

2013/02/13

Washington, DC- Rep. Tom Rice (SC-07), issued the following statement on the President’s State of the Union Address today.“It is no surprise that President Obama delivered another lofty, grandiose speech tonight,” said Rice.  “The President is a gifted orator, and we have heard this type of rhetoric in every one of his State of the Union Addresses, but we have had enough rhetoric.  It is time for leadership.”“In his 2009 address to the nation, the President vowed to cut the deficit in half by the end of his first term – last year we had a $1.1 trillion deficit,” Rice said.  “In his 2010 address, Obama pledged that ObamaCare would allow Americans to keep their health insurance – earlier this month the Congressional Budget Office estimated that seven million Americans will be forced off their employer-based insurance due to ObamaCare.  Then, in 2011, the President assured us that he would get rid of regulations that hurt job growth – but in 2012, over-reaching federal bureaucrats added more than $236 billion in new regulations.  Finally, in last year’s address, Obama assured us that he would work to develop every source of American energy – the EPA’s proposed regulations on Coal Ash will cost more than $75 billion and countless jobs due to the closure of more than 300 coal power plants.” Read More

Rep. Rice Appointed Transportation Subcommittees

2013/01/22

Washington, DC- Rep. Tom Rice (SC-07), was appointed by Transportation & Infrastructure Chairman Bill Shuster (PA-09) today to the following Transportation and Infrastructure subcommittees: Subcommittee on Highways and Transit; Subcommittee on Water Resources and Environment; and the Subcommittee on Coast Guard and Maritime Transportation.  The Transportation & Infrastructure Committee will meet later today to formally approve Rep. Rice’s subcommittee assignments.“I am pleased that Chairman Shuster appointed me to subcommittees that will have a direct impact on some of the most vital infrastructure issues in the Seventh Congressional District,” said Rice.  “Serving on the Subcommittees on Highway and Transit, Water Resources and Environment, and Coast Guard and Maritime Transportation, I will have a seat at the table to fight for the greatest infrastructure needs – I-73 and dredging of the Georgetown Port – in our district.”“I look forward to working with Congressman Rice on the Committee,” said Chairman Shuster.  “I know that South Carolina’s 7th Congressional District, like the nation, depends on an effective and efficient transportation network.  I know Tom will be a tireless advocate as Congress works to address our critical infrastructure needs.”“I am eager to work with Chairman Shuster on projects that are paramount to our nation’s competitiveness and will fight to make sure the infrastructure needs for the 7th District are addressed,” concluded Rice.Subcommittee on Highways and Transit The Subcommittee on Highways and Transit has responsibility for the development of national surface transportation policy, construction and improvement of highway and transit facilities, implementation of safety and research programs, and regulation of commercial motor vehicle operations.  Within this scope of responsibilities, the Subcommittee has jurisdiction over many U.S. Department of Transportation (DOT) programs.The foremost legislative product of the Subcommittee is the reauthorization of the Federal surface transportation programs.  The Moving Ahead for Progress in the 21st Century Act (MAP-21)—the latest reauthorization of these programs—was enacted in the summer of 2012.  MAP-21 reauthorizes Federal surface transportation programs through September 30, 2014, and builds on the foundation established by the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA), the Transportation Equity Act for the 21st Century (TEA 21) enacted in 1998, and the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) enacted in 2005.  This legislation represents an investment in the nation’s infrastructure that translates into safer travel, more efficient commerce, faster project approval and delivery, and the creation of thousands of jobs.Issues and agencies under the jurisdiction of the Highways and Transit Subcommittee include:Federal-aid highway and Federal transit programsHighway and transit project planning and developmentFederal Highway Administration (FHWA)Federal Transit Administration (FTA)Motor carrier and highway safety regulationFederal Motor Carrier Safety Administration (FMCSA)Highway safety research and highway safety grants to statesNational Highway Traffic Safety Administration (NHTSA)Surface transportation research, administered by FHWA, FTA, and FMCSA, and coordinated through the Research and Innovative Technology Administration (RITA)Security and enforcement responsibilities of the above agencies, particularly FTA and FMCSAThe Clean Air Act, certain provisions relating to air quality issuesSubcommittee on Water Resources and Environment The jurisdiction of the Subcommittee on Water Resources and Environment consists generally of matters relating to water resources development, conservation and management, water pollution control and water infrastructure, and hazardous waste cleanup.  A number of agencies administer programs that address one or more of these issues; two agencies in particular, the Army Corps of Engineers (Corps) and the Environmental Protection Agency (EPA), oversee the larger programs of concern to the Subcommittee.Through its Civil Works Program, the Corps constructs projects for the purposes of navigation, flood control, beach erosion control and shoreline protection, hydroelectric power, recreation, water supply, environmental protection, restoration and enhancement, and fish and wildlife mitigation.EPA has the primary responsibility for carrying out the Federal Water Pollution Control Act, commonly known as the Clean Water Act.  This act provides for a major federal/state program to protect, restore, and maintain the quality of the nation’s waters. Although EPA is responsible for carrying out the Act, significant parts of the program may be administered by the states if approved by EPA.Issues and agencies under the jurisdiction of the Water Resources and Environment Subcommittee includeWater resources programs of the Army Corps of Engineers (Corps)Clean Water ActSuperfund (Comprehensive Environmental Response, Compensation, and Liability Act)Water infrastructure and watershed protection programsEnvironmental Protection Agency (EPA)Brownfields programOcean dumpingOil pollution of navigable waters of the United StatesTennessee Valley Authority (TVA)Saint Lawrence Seaway Development CorporationSmall watershed program of the Natural Resources Conservation ServiceDeepwater portsInvasive/aquatic nuisance speciesCoastal pollution and coastal zone managementNational Oceanic and Atmospheric Administration (NOAA)Natural resource damages provisions in Superfund and the Oil Pollution ActGroundwater protectionWater resources policySubcommittee on Coast Guard and Maritime Transportation The Subcommittee on Coast Guard and Maritime Transportation has jurisdiction over the activities of the United States Coast Guard, including its duties, organization, functions, personnel, the Coast Guard Academy, and the Coast Guard Auxiliary.The Coast Guard enforces the laws of the United States on waters under U.S. jurisdiction and on the high seas.  The service’s many missions include search and rescue, illegal drug and migrant interdiction, oil spill prevention and response, maritime safety and security, maintaining aids to navigation, icebreaking, and enforcement of U.S. fisheries and marine pollution laws.The Subcommittee also has jurisdiction over regulation of ocean shipping and the merchant marine, except as it relates to national security.Issues and agencies under the jurisdiction of the Coast Guard and Maritime Transportation Subcommittee include:United States Coast GuardMaritime transportation safetyNavigation, port and waterway safetyMaritime transportation regulatory activities, including the regulation of vessels and merchant seaman,State boating safety programsMarine environmental protection, generally as related to vessel operations (oil and plastics pollution, invasive/aquatic nuisance species transported by vessels, international agreements concerning transportation of oil and hazardous substances)Port securityFederal Maritime Commission and the regulation of ocean shippingThe Jones Act (United States cabotage laws governing shipping of goods and passengers between any two points in the U.S. Exclusive Economic Zone)Non-national security aspects of the merchant marineFor more information, visit http://transportation.house.gov. ### Read More

Rep. Rice witnesses 57th Presidential Inauguration

2013/01/21

Washington, DC- Rep. Tom Rice (SC-07), issued the following statement today after President Barack Obama and Vice President Joe Biden took their oaths of office on the West Front of the U.S. Capitol today, marking the 57th Presidential Inaugural Swearing-in Ceremony.“It was a privilege to witness one of our country’s most revered ceremonies today,” said Rice. “Since 1789, Americans have gathered to observe our country’s peaceful transition of power which is paramount to maintaining the freedoms we hold dear.  I congratulate the Obama and Biden families and wish them well throughout their next term.”“As the President took his Oath of Office with his children by his side today, I am reminded of why we are here in Washington,” Rice said.  “We are here to fight for a better tomorrow for our children, grandchildren, and generations to come.  I look forward to working with the President and Vice President on bipartisan solutions to solve Washington’s biggest problems, so future generations will have every opportunity to achieve the American Dream.”### Read More

Rep. Rice: Mr. President, we cannot afford continued deficit spending

2013/01/14

Washington, DC- Rep. Tom Rice (SC-07), issued the following statement today in response to President Obama’s press conference. “I find it interesting that President Obama says that the debt ceiling shouldn’t be used to negotiate reductions in deficit spending,” said Rice.  “When then Senator Obama was asked to raise the debt ceiling he refused to do so, saying that an increase in the debt ceiling constituted ‘a sign of leadership failure.’”"Once again, the President has shown a failure in his leadership by refusing to discuss spending cuts or outline any sensible solutions to remedy our financial situation," Rice said.  "Instead, he demanded another blank check from American taxpayers.  When will the President realize that we cannot afford to kick this fiscal can any further down the road.  Washington’s reckless spending habits threaten the future of this country and I will not stand by and allow the Democratic majority in Washington to keep piling debt onto our children and grandchildren."   Read More

Rice wants a debt reduction plan from Congress

2013/01/10

The swearing-in ceremony for new Congressman Tom Rice, R-S.C., and other members of the 113th U.S. House began about noon Thursday, Rice said late Thursday afternoon, with the formal oath-taking happening about 3 p.m.In the two hours after that, Rice took his first four votes as the first representative of South Carolina’s new 7th Congressional District. The first, he said, was to vote for the reelection of John Boehner as Speaker of the House. The other three involved House rules.The vote on Boehner was closer than Rice thought it would be. The overall experience? “I’m in awe of the responsibility,” he said. “I’m in awe of the honor, of the privilege of representing the 7th District.”.The Sun News asked Rice several questions. His answers:1. If you had been in the 112th Congress, how would you have voted on the fiscal cliff compromise?I would have voted against it. This fiscal cliff is just the latest in a series of continuing “emergencies” that will continue until we address the underlying issues, the major one being overspending. The problem with what we’re doing by just being totally reactionary is that we have no plan. People don’t know what to plan on. Until we do that, I think business is going to be at a stalemate.2. The current debt ceiling will need to be raised by March or federal budgets must be cut to keep the debt within the current limit. Do you support raising the debt ceiling, cutting federal budgets or something else?I’m not going to vote to raise the debt ceiling until we have a credible plan in place to get our spending under control. Congress and the president didn’t take the time available to work on this plan in the last 1 1/2 years because there was an election coming up. I hope we can get out of that phase and get into a more proactive phase.3. The fiscal cliff compromise delays mandated federal budget cuts - sequestration - until March. What do you think should be done?I think we need to find ways to cut our spending. The Republican Congress has passed alternative cuts. We’ll have to look at that pretty hard and figure out what we can do.4. An August poll by NBC News and The Wall Street Journal found that 82 percent of Americans disapprove of the job Congress is doing. That is an all-time high. Do you see that improving in the next two years and why or why not?It’s not just Congress. It’s the president. As long as people focus on political things instead of what’s important to the country, I don’t see numbers improving.This article was authored by Steve Jones and originally appeared in The Sun News on January 3, 2013.   Read More

Rep. Rice Named Small Business Subcommittee Chairman

2013/01/08

Washington, DC- House Small Business Committee Chairman Sam Graves (R-MO), today named Rep. Tom Rice (R-SC), Chairman of the Economic Growth, Tax and Capital Access Subcommittee for the 113th Congress.“As a businessman and tax attorney, Congressman Rice is a great fit for the Committee, and I’m very happy to welcome him,” Graves said. “Small business owners are facing major challenges, and it’s a real benefit that Tom Rice has the knowledge and background to contribute from day one.”The Economic Growth, Tax and Capital Access Subcommittee evaluates the operation of the financial markets in the United States and their ability to provide needed capital to small businesses.  In addition, the Subcommittee reviews federal programs, especially those overseen by the SBA, aimed at assisting entrepreneurs in obtaining needed capital.  Since tax policy plays an integral role in access to capital, this Committee also examines the impact of federal tax policies on small businesses.“I am honored to receive the appointment as Chairman of the Economic Growth, Tax and Capital Access Subcommittee,” said Rice. “As a tax attorney for 28 years and small business owner, I understand the challenges entrepreneurs encounter when launching a new business venture.  Together, my colleagues and I will work to limit government overreach, enact serious tax reform, and lower the cost of doing business in America, so our small business owners—America’s economic engine—can compete in our economy and the global marketplace.”  Read More

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Contact Information

325 Cannon HOB
Washington, DC 20515
Phone 202-225-9895
Fax 202-225-9690
rice.house.gov

A resident of Horry County since the age of 4, Tom Rice has a deeply rooted connection to the Grand Strand and Pee Dee areas. Tom entered Congress with a commitment to spur economic development, a drive to implement real tax and spending reform, and a passionate belief that limited government will better serve the needs and growth of the Seventh Congressional District of South Carolina by protecting its unique entrepreneurial spirit.

Tom serves on the Transportation and Infrastructure Committee where he will have the opportunity to continue the work he started as County Council Chairman, striving to bring more state and federal support for infrastructure to the district. Tom also serves on the Small Business Committee and the Committee on the Budget. In these capacities, he will use his experience as an accountant and knowledge as a businessman to implement policy to spend fewer taxpayer dollars.

After graduating from high school in Myrtle Beach, Tom attended the University of South Carolina where he earned a Masters in accounting and a law degree. Tom then went to work for the worldwide accounting and consulting firm Deloitte & Touche in Charlotte and earned his CPA certificate. In 1985, Tom returned to his home town of Myrtle Beach to practice Tax Law with the Van Osdell Law Firm, and in 1997 he established his own practice- the Rice & MacDonald Law Firm.

Before being elected to United States Congress in November 2012, Tom was the Chairman of Horry County Council where his main focus was on job creation. By reviving the Myrtle Beach Regional Economic Development Corporation, Tom increased jobs in the area through his ability to build consensus with county council and community leaders. Tom worked to implement an effective government by strengthening the council’s relationship with the various municipalities and legislators in order to develop a more unified strategy. Under Tom’s leadership, Horry County Council put in place a lean Six Sigma plan for quality, customer service and efficiency that is still thriving today. Tom strived to shape Horry County Council into a more efficient governing body focused on constituent service. He plans to further that charge in the United States Congress, working towards a more efficient federal government.

Tom has been fortunate to serve his community through many charitable and civic organizations including the Myrtle Beach Haven Homeless Shelter (President), Boy Scouts, Grand Strand Sertoma Club (Secretary, President), Ocean View Foundation (President), Trinity Episcopal Church (Vestry), YMCA, and York Place. He has had the opportunity to sit on several community advisory boards as well, from the Horry County Probate Court Advisory Committee and the Myrtle Beach Board of Zoning Variances (Chairman), to the Blue Ribbon Committee to Study Emergency Services for the City of Myrtle Beach, and the SC Department of Natural Resources Conservation Education & Communication Advisory Board. Tom also participated in Leadership Grand Strand VIII- a community education initiative designed to develop future business leaders for the coastal area.

Tom has been the recipient of numerous certificates and awards for his professional achievements. In 1994 he was awarded, and continues to hold, an AV (Preeminent) legal rating by Martindale Hubble. From 1994 until 2009, he was certified by the Supreme Court of South Carolina as a specialist in Tax Law, Estate Planning, and Probate Law, and has been included in Best Lawyers in America since 2006.

Tom and his wife of 30 years, Wrenzie, reside in Myrtle Beach, and are the proud parents of three grown sons- H.T., Jacob, and Lucas. In his free time he enjoys fishing, hunting, golfing, and spending time with his friends and family.


Serving With

Mark Sanford

SOUTH CAROLINA's 1st DISTRICT

Joe Wilson

SOUTH CAROLINA's 2nd DISTRICT

Jeff Duncan

SOUTH CAROLINA's 3rd DISTRICT

Trey Gowdy

SOUTH CAROLINA's 4th DISTRICT

Mick Mulvaney

SOUTH CAROLINA's 5th DISTRICT

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