Earlier this month, Exxon-Mobil once again announced record profits. These record profits, $40.7 billion to be exact, have been labeled “outlandish,” “unjustifiable,” “appalling” and “ruthless” by many in Congress. They believe that such profits gouge the American consumer and are consequently immoral. Yet what many people do not realize is that record profits result in record tax collection. Exxon-Mobil will pay close to $30 billion in taxes for its success. Unfortunately, not one of my Democr...
Read more
Today, Congressman Mike Conaway announced that the Midland Fire Department will receive a grant of $254,600 from the Assistance to Firefighters Grant (AFG) program, bequeathed by the United States Department of Homeland Security. The grant is to be used for operations and safety equipment. “Congress recognizes the importance that first responders’ play in keeping our communities safe. The safety of our firefighters and the improvement of firefighting equipment are integral to the protection and ...
Read more
Last night, House Agriculture Committee Chairman Collin Peterson and Ranking Member Bob Goodlatte unveiled to House Agriculture Committee Members an illustrative outline for ten-year farm bill that was developed through bipartisan House negotiations with the Administration.
Read more
Last night, the U.S. House of Representatives passed the Senate-passed version of the economic stimulus package. This version is slightly different than the House version that was passed last week. The version to be signed today by the President expands to include certain veteran’s disability payments and Social Security benefits, and explicitly denies credit to anyone who does not include a valid Social Security number on their tax return. Congressman Mike Conaway (TX-11) made the following sta...
Read more
Yesterday, Congressman Mike Conaway (R-TX) encouraged local taxpayers to take advantage of the Free File Alliance (FFA), a free online tax preparation and filing service, to ease the burden and stress of tax season. Along with fellow community leaders and the Computer and Communications Industry Association, Conaway hosted the event at UTPB to promote the tax assistance program for qualified taxpayers which include citizens who are low-income, in the military, and Earned Income Tax Credit (EITC)...
Read more
Today, U.S. Representative Mike Conaway (R-TX), a member of the House Budget Committee, released the following statement regarding President’s Bush’s budget proposal: “I am encouraged by the President’s budget proposal as it balances the federal budget by 2012 by making current tax relief permanent and placing an emphasis on fiscal restraint. It is essential that we hold our government accountable for enacting a responsible, long-term economic growth plan. Due to our ever growing government and ...
Read more
Today, the U.S. House of Representatives voted to pass the bipartisan economic stimulus bill crafted by the President along with House leadership with the goal of preventing our economy from slipping into a recession. Congressman Mike Conaway (TX-11) made the following statement after the bill’s passage: “I am pleased that Congress was able to work in a bipartisan manner along with the President to create a temporary, immediate, and carefully targeted economic stimulus package. However, we must ...
Read more
