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economy

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Occurrences in the Congressional Record

Entry Title Date
American Manufacturing Competitiveness Act Of 2016 April 27, 2016
Todd Rokita, R-IN
"In today’s competitive global economy, too often government hampers American businesses with onerous regulations and red tape. As other nations increase their own global competitiveness, we must provide a level playing field for our businesses in diverse fields that include textiles, pharmaceuticals, and manufacturing."
Our Unconscionable National Debt April 27, 2016
Mike Coffman, R-CO
"Today, it is $19,210,345,265,252.22. We’ve added $8,583,468,216,339.14 to our debt in 6 years. This is over $8 trillion in debt our nation, our economy, and our children could have avoided with a balanced budget amendment."
Essay By Kanika Draksharam April 27, 2016
Pete Olson, R-TX
"Amid a flood of controversy in June 2015, the U.S. Supreme Court overturned a longstanding controversial law. Five justices affirmed LGBT American’s Constitutional right to wed, leading to many changes for not only those who supported the bill, but the entire country as well. Undoubtedly, in the past year, the legalization of same sex marriage has brought many differences to the United States, and has helped shaped us into a more accepting country. The legalization of same sex marriage has brought various economic benefits in addition to the obvious social ones. Due to the law being passed by Congress, the economy has seen a sudden boost. Take New York for example; whose economy was boosted by over two and a half million dollars due to same sex marriage couples being able to get married in state. Since the law being passed, marriage license fees, local celebrations, and wedding related purchases, have contributed greatly to the economy. We can see that this law has helped our economy in a positive manner, which is a good change our country required. The income being brought in by this new change is aiding in curbing the economic deficit as well. Contributing to this, is also the fact that insurance companies are being used more, since people are able to utilize the advantages of being married that these companies provide. Additionally, the passing of this law raises tax revenues by bringing in between twenty and forty million dollars more than average per year, helping the economy greatly. Fiscal benefits are a large factor in what our economy has gained. The government would have to spend more on Social Security and Employee Health Benefits, but it would actually end up saving money when it the attention is turned to medical health programs, by almost a hundred million dollars. It’s clear that passing this law has resulted in positive impacts on the economy. Large corporations have advocated for this, making it something that is widely advertised as a positive change in society, going from being condemned in the past. Many of these companies such as Google, Apple, Verizon, Morgan Stanley and Microsoft have recruited people from this community to work for them, sending society an accepting message. Marriage equality is a freedom that many groups across American have long strived for in the past. Now that the past year has brought this rightful prospect to our country, it has also brought positive changes for not only them, but all of American as well."
150Th Anniversary Of Renovo, Clinton County April 27, 2016
Glenn Thompson, R-PA
"Although it was the railroad that built Renovo and its mountain location that attracted travelers, the lumbering industry formed the bedrock of the town’s heritage and economy. Clinton County’s timber industry continues to thrive, contributing more than $90 million to the economy of that county."
Helping Angels Lead Our Startups Act April 27, 2016
Jeb Hensarling, R-TX
"Mr. Speaker, I rise in strong support today of H.R. 4498, the Helping Angels Lead Our Startups Act, known as the HALOS Act. This is yet another bipartisan bill that has been passed out of the Financial Services Committee that I know will help create jobs and grow our economy."

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