Today, the U.S. House of Representatives passed the Permanent Estate Tax Relief of 2006. The bill would permanently reduce the Estate Tax, often referred to as the ‘Death Tax.’ “While I would prefer a full repeal of the Death Tax, this bill is a good first step toward lowering the excessive tax burden that Americans face in life and in death,” said Conaway, a CPA and member of the House Agriculture Committee. “Taxing death is not good public policy. Too many small businesses and family farms hav...
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Early this morning, U.S. Representative Mike Conaway (R-TX), a member of the House Budget Committee, voted in favor of the FY 07 Budget Resolution. The resolution passed by a vote of 218 to 210. “By passing the House budget resolution, we are taking important steps on the long road to fiscal responsibility,” said Conaway, a CPA and member of the House Budget Committee. “Although, I would have favored deeper reductions in spending, this budget addresses the need to spend more responsibly and redu...
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With tax relief legislation set to expire, U.S. Representative Mike Conaway (R-TX) was on-hand at the White House to participate in the Tax Reconciliation bill signing ceremony. President Bush signed the bill into law today at 1:30 p.m. EST. “I was honored to be in attendance to watch President Bush sign this tax relief extension into law,” said Conaway, a CPA and member of the House Budget Committee. “There is a direct correlation between the passage of the tax relief in 2003 and the exceptiona...
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Today, the U.S. House of Representatives passed the Tax Relief Extension Reconciliation Act of 2005. The legislation will extend tax relief measures that were passed in 2003, but were set to expire. “Our economy has generated over 5.2 million new jobs since the enactment of the 2003 tax relief legislation,” said Congressman Mike Conaway, a CPA and member of the House Budget Committee. “Unemployment is low and businesses continue to hire new employees and expand capacity. There is a direct correl...
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Today, the Bureau of Labor Statistics today announced that the economy created 138,000 new jobs in April. The announcement marks 32 consecutive months of uninterrupted job growth. “Pro-growth policies and lower taxes have led to one of the longest stretches of economic growth in recent history,” said Conaway, a CPA and member of the House Budget Committee. “Today, businesses are expanding and more Americans are joining the workforce than ever before. The economy is running at near full-employmen...
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Late last night, U.S. Representative Mike Conaway (R-TX), voted with a majority of the House Budget Committee to pass the Budget Resolution and move it the floor for a vote. A vote in the House is expected sometime next week. “By passing the House budget resolution, we are taking important steps on the long road to fiscal responsibility,” said Conaway, a CPA and member of the House Budget Committee. “Although, I would have favored deeper reductions in spending, this budget addresses the need to...
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Today, U.S. Representative Mike Conaway (R-TX), a member of the House Agriculture Committee, released the following statement on the FY 2007 budget resolution and its impact on the Agriculture industry: “The FY 2007 House budget preserves the framework and mechanics of the 2002 Farm Bill through continued funding and the preservation of current programs. I support the 2002 Farm Bill in its current form and I will continue to do what I can to ensure that it remains unaltered through its expiratio...
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The Bureau of Labor Statistics reported today that payroll employment increased by 243,000 jobs last month and the unemployment rate fell to 4.8 percent. “Once again the U.S. economy has proven its enduring strength,” said Conaway. “The economy is running at near full-employment and the unemployment rate continues to remain low. This is a direct result of the pro-growth policies that were put in place by President Bush and Congress over the last five years. That is why it is important for Congre...
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While immigration may be first and foremost on Rep. Mike Conaway’s mind, it isn’t the only issue he’s passionate about. The freshman representative jokes readily about having to be able to delve a little into every topic that comes in front on Congress. The trick, Conaway said, is picking issues where he wants to “dig 10 feet down.” As a Sunday story in the Odessa American showed, immigration is one of those areas Conaway is digging in on. There are others. One ambitious goal Conaway supports is...
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Today, U.S. Representative Mike Conaway (R-TX) introduced the Federal Programs Offset Resolution. The bill amends the legislative rules of the House and would force Congress to set priorities on federal spending. “Congress must do a better job of setting priorities,” said Conaway, who serves on the House Budget Committee. “We need a mechanism that halts runaway government growth and spending. Reducing the deficit should be a top priority this Congress. We should only enact a new federal program ...
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