We have been working hard this Congress to get our economy back on track. We are seeing historic levels of small business optimism, record numbers of job openings, increased business investment, and higher wages. This is largely due to how Congress has provided relief for community banks, rolled back job-crushing regulations, and passed historic tax cuts.
I support cutting taxes for families and small businesses. In December, I supported the Tax Cuts and Jobs Act, which is bringing fairer taxes, more jobs, and bigger paychecks to Virginians. This tax legislation provided a much needed tax cut to our small businesses, allowing them to flourish. This bill is pro-business, pro-family, and pro-America. It doubles the Child Tax Credit and preserves the Adoption Tax Credit; allows working-class families to keep more of what they earn; cuts the corporate tax rate to make the United States competitive on the world stage and ensures companies can’t shelter revenue overseas to avoid being taxed. First District families are already feeling the positive effects of this legislation with more money in their paychecks, but also in the community. Hundreds of companies across the country, including in VA-01, have announced millions in bonuses as well as plans to hire more employees.
I am committed to expanding workforce development opportunities. Virginia is home to some of the best educational and training institutions in the country, and I am dedicated to keeping our workforce here with high-paying jobs. It is critical that we are preparing our students for the jobs that our workforce demands, whether that be through a four-year, two-year, or technical program. As I meet with businesses around the First District, I consistently hear how although they are willing to hire, they do not have applicants with the correct skill sets. I have been hard at work connecting schools with businesses to better align curriculums with the skills our businesses are looking for and to strengthen Career and Technical Education programs in the First District. I had legislation signed into law last year – the Domestic Maritime Centers of Excellence Act – that advances the capabilities of two-year community and technical colleges to assist the federal government and maritime industry in securing the talent pipeline for domestic maritime jobs. This summer, I voted for the Carl D. Perkins Act reauthorization that expands resources for state workforce development programs. I’ve taken my focus to the district, where I’ve held several workforce development forums to jumpstart conversations among schools, businesses, and community organizations on how to match skills taught in school with the jobs in demand.
I believe we must cut red tape. Small businesses are constantly stifled by over burdensome regulations. I have heard from businesses across the district who are facing more challenges than ever and what they really need is for Washington to get out of the way. I cosponsored the Regulations from the Executive in Need of Scrutiny (REINS) Act (H.R.367), which requires Congress to pass, and the President to sign, a joint resolution of approval before any new major regulation can be enacted. This puts the power back in the hands of the people. I also have supported “one in, one out” legislation, which says that if a federal agency wants a new regulation, it must get rid of an old one. This year Congress passed, and President Trump signed into law, the largest financial reform bill since Dodd-Frank. This bill removed regulations that have been stifling economic growth and strangling community banks.