As prepared for delivery Thank you for that kind introduction. It is good to be in Florida and it is good to be among many friends. Last time I had the occasion to speak with some of you, we were in New York at the SEFCON Conference in October. Then, I talked about balancing new transparency regulations with the needs of market participants for flexibility. I still believe striking a balance in the Dodd-Frank regulation is the central challenge facing both regulators and the market today. We con...
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Rep. K. Michael Conaway made the following comment after voting in favor of H.R. 3606, the Jumpstart Our Business Startups (JOBS) Act. “Today, the House passed another bipartisan jobs bill that will jumpstart our economy and restore opportunities for America’s primary job creators, our small businesses, startups and entrepreneurs. “The steady supply of red tape and uncertainty pumping out Washington is threatening the ability of individuals to take risks and create small businesses or startups. ...
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The Congressional CPA Caucus will serve as an informal, bipartisan group of Members who are CPAs, dedicated to discussing and formulating innovative policy approaches to the issues affecting CPAs – including tax administration and compliance and accounting and auditing standards. The Caucus will work to reduce the compliance burden of our tax laws. It will also seek to provide input on issues being debated by Congress on which CPA’s have particular expertise – including budgeting and fiscal issues.
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“The number one priority for this Congress, as well as for the American people, is cutting spending to stimulate job creation. While I applaud the President’s call for a ban on earmarks and a five-year budget freeze on non-security discretionary spending, it is still not enough to hold spending at current rates and get our country back on the road to financial responsibility.
“Actions speak louder than words. The time is now to make good on the fiscal promises that the President made tonight, and I look forward to seeing his plan be put into action. It isn’t what he says tonight, but what he does tomorrow that will matters for the future of our country.”
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Trish Choate Tuesday, January 25, 2011 Lawmakers from West Texas reacted to President Obama's State of the Union address Tuesday night: Texas Sen. Kay Bailey Hutchison, Republican: "Tonight we saw a change in the president's message, and that is a good sign. Now we have to see the follow through. We have to see the change in policies to bring down the debt, rein in spending and stop the over-regulation of business that is stifling job creation in the private sector. When the president passed the...
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The best advice ever given for how to begin to get out of a hole is pretty simple: Stop digging. For years, our nation has been digging a huge hole, sinking deeper into debt because we borrow and spend money we do not have.
Today, America finds itself in an unsustainable fiscal situation. During this term of Congress, my colleagues and I will be faced with many difficult decisions about how to right our financial house.
It will not be easy, it will not be painless, and it will not be quick, but the future of our nation depends on our ability to renegotiate our financial commitments.
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Today, the House Office of Majority Transition released the new House rules for the 112th Congress. Included in the rules is Rep. Mike Conaway’s (TX-11) language to ‘Cut-as-you-go’, previously introduced as the ‘No New Programs’ legislation, which requires cutting spending in existing programs for any increases in mandatory programs of equal or greater cost.
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“I am delighted that my Republican colleagues did not back down, and were able to block this $1.1 trillion spending bill from coming to the floor for a vote. Not only did this bad legislation contain thousands of earmarks, it was also set to increase federal government spending by $18 billion over last year’s spending levels.
“It is heartening that a modicum of sanity returned to Washington, D.C. just in time to avoid passing legislation that the American people clearly said on November 2 that they did not want. It is time for the current Congress to adjourn and make way for the next Congress to make the people’s agenda priority one.”
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“I am outraged by this bloated, pork-laden, 2,000 page spending bill. Not only does this bill contain thousands of earmarks, it also increases federal government spending by $18 billion over last year’s spending levels. Members who support this ‘ominous omnibus’ must have just emerged from a time warp and missed the elections on November 2nd, as they have not taken into account the words and actions that the American people made loud and clear. Congress must not continue this out-of-control spending spree, and it is high time we listen to the American people and make essential cuts.”
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Representative Mike Conaway (R-TX) was named today to serve on the GOP Majority Transition Team. This 22-member team will work to ensure a seamless transition to a new Republican majority in the 112th Congress so that the House can get to work immediately in January to address the priorities of the American people. The team has been charged with implementing the reforms to Congress in the Pledge to America and looking for additional ways to reform Congress so that it is more transparent, cost-effective, and accountable to the people.
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