On the recordJune 8, 2017
For the past 8 years, we have been stuck in the slowest economic recovery in 70 years. With all the debate about the Financial CHOICE Act today, a simple question gets to the heart of the matter: Do we want to grow again? I contend, Mr. Speaker, the answer is--the answer has to be a resounding yes. It has to be yes because there is a moral imperative at play. The Financial CHOICE Act is about ending a stagnant status quo that is crushing our economy and opportunity. Multiple studies show that the Dodd-Frank Act has hindered economic growth. One study estimates that, because of the overregulation we have seen since the 2008 financial crisis, there are 650,000 fewer small businesses than there otherwise would be, which would have provided 6.5 million jobs. That is 6.5 million people not utilizing their God-given talents for the betterment of society. That is 6.5 million people not paying the Social Security, Medicare, and income taxes that we need to fund critical programs. Some just want to raise taxes on the already-burdened taxpayers. I say, let us get new taxpayers into the game. Having more taxpayers helps us to pay for programs for veterans, education, medical research to find cures for diseases like Alzheimer's and cancer, taxpayers to help fund the national defense. A couple of weeks ago, I visited a senior center in my district and had some very special conversations.…





