House Republican Conference Chair Cathy McMorris Rodgers (R-WA) joins Fox Business’s Varney & Co. to discuss how Americans are Better Off Now under this booming economy. Republican policies like tax reform and regulatory relief have resulted in more jobs, bigger paychecks, and fairer taxes — and now it’s time to make it permanent.
Here’s what you may have missed:
WE ARE FOCUSED ON THE ECONOMY
“Our goal here is to move, and to continue to build on, the success of the Tax Cuts & Jobs Act…we really need to stay focused on the business at hand, and one big issue is the economy. We’re encouraged, but we want to lock it in and keep it going. Whether it is 401(k)s, whether it is making tax cuts permanent, we should continue taking those steps.”
ON MAKING TAX CUTS PERMANENT
“This has been part of our priority, is to lock in the gains we’re seeing in tax reform that are leading to this booming economy…I look at…the hardworking men and women in Eastern Washington. Heritage Foundation just came out [with a new report] and the average person in Eastern Washington received a 13 percent cut in their taxes. $17,000 estimated in take-home pay increase over the next ten years. We want to lock that in, keep it going because this is part of the booming economy that is having a positive impact on people. At the end of the day, this is about people, not politics.”
WILL DEMOCRATS MAKE TAX CUTS PERMANENT FOR THE MIDDLE CLASS?
“That will be up to the Democrats. There are some that have said that they think this is a provision that should have been included in the original bill. So now this will be an opportunity to make the tax cuts permanent for individuals. Politics is about building momentum, building support. Hopefully people across the country would then contact their senators and say ‘we think you should move forward, too.’”
HOUSE IS LEADING ON TACKLING DEBT
“We are seeing record revenue coming into the federal government. The tax cuts are working in that we have more people employed, we have more business expansion, jobs coming back to America…we absolutely have to address the debt. The first order of business was to get the economy going and rebuild the military. The House has voted on a Balanced Budget Amendment. The House has led on the appropriations process, going agency by agency, program by program, setting priorities, bringing down spending, making government more efficient. The House has led on doing that work. We’re anxious for the Senate to join us. We must address the debt. The debt is the biggest threat we face for our future, for our economy, and our national security.”