Today, Rep. K. Michael Conaway (R-TX) voted in support of H.R. 9, the Small Business Tax Cut, which provides small businesses, regardless of how they are organized, a 20-percent deduction against active business income for tax year 2012. “This bill stands in stark contrast to the damaging policies coming out of the Senate and the White House which only take more money from struggling businesses and punish them for succeeding. Instead of punishing job creators, Republicans want to reward those wh...
Read more
Today, Rep. K. Michael Conaway (R-TX) voted in favor of a House Agriculture Committee budget proposal that would reduce federal spending by $33.2 billion over the next 10 years. Following the hearing, Rep. Conway made the following comments: “Today's decision represents the leading edge of the hard choices needed to be made to save our Republic and ensure future generations enjoy the same opportunities all those who went before them did. “The Agriculture Committee put forward a proposal that wil...
Read more
Path to Prosperity Americans are understandably worried about the nation's rising debt, yet I am still hopeful we will address the nation's long-term fiscal problems. Progress is being made despites the enormous obstacles that need to be overcome. Last month, the White House sent Congress a budget that ignores the real drivers of our debt, imposes the largest tax hike in history, and doubles-down on the same failed policies that have given us four consecutive trillion-dollar deficits. On Wednesd...
Read more
Rep. K. Michael Conaway (R-Texas) made the following comment after voting in favor of the House Republican budget, “The Path to Prosperity.” "Getting our economy back on track is a journey that starts with a strong budget plan like the one we put forward today,” Conaway said. “This budget highlights the difficult decisions and tradeoffs that must be made to bring our budget back into balance. While no American is likely to support every choice made in this budget, finding a reasonable path to a ...
Read more
As prepared for delivery Good morning, thank you all for joining us. I would like to extend a warm welcome to our panelists today: Mr. Charles Vice of IntercontinentalExchange; Mr. Paul Saltzman of The Clearing House; Mr. Keith Bailey of Barclays Capital; and Mr. Michael Bodson of the Depository Trust and Clearing Corporation. Thank you each for taking the time to come to our committee, to share your views, and to answer our questions. Today’s meeting of the General Farm Commodities and Risk Man...
Read more
Yesterday, Rep. K. Michael Conaway (TX-11) announced his appointment by House Armed Services Committee Chairman Buck McKeon and Speaker John Boehner to serve on the Board of Visitors of the U.S. Military Academy at West Point. “I’m proud to have the opportunity to support the cadets and institution that has played such an integral role in the history of the United States,” said Rep. Conaway. “For more than two centuries the Academy has prepared and produced leaders of great character and I look ...
Read more
Yesterday, House Republicans introduced the 2012 House Budget, a bold vision for our nation’s future that lays the groundwork to balance our budget, puts an end to out-of-control spending, and most importantly, creates jobs. Getting our economy back on track is journey starts with a strong budget plan like the one we put forward today. This budget highlights the difficult decisions and tradeoffs that must be made to bring our budget back into balance. While no America is likely to support every...
Read more
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...
Read more
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. ...
Read more
Seasonally February typically brings some of the year’s lowest fuel prices, however last month that was not the case as the national average rose to $3.59 a gallon, making it the highest February average ever. With oil climbing to $106 per barrel and gasoline surpassing $3.59 a gallon, our fuel prices are not yet at crippling levels, but they seem headed in that direction. Last Thursday at the University of Miami, President Obama told a crowd of hundreds of students that “there are no quick fix...
Read more
