Congresswoman Renee Ellmers: Stop The Tax Hike


This week, the House took another step toward greater transparency and accountability by passing H.R. 459, the Federal Reserve Transparency Act of 2012,  with an overwhelming bipartisan vote of  327-98. I am proud to be a co-sponsor of this important bill.

The House also voted this week on the ‘Red Tape Reduction and Small Business Job Creation Act’ (H.R. 4078), a bill that will help “cut through the red tape holding back job creation” and hurting small businesses. 

Next week,  you will hear more about what the House is doing to stop the president and Senate Democrats’ small business tax hike set to take effect at the end of this year.  A link to Rep. Hensarling’s video on this issue can be found in this newsletter.

Also, please click the image below to watch my colleague Rep. Mike Kelly’s floor speech in support of H.R. 4078, the”Red Tape Reduction and Small Business Job Creation Act.” His rousing speech has been featured recently on the Drudge Report.

Please share this and other information provided in this newsletter using the form in the right sidebar and continue to follow me on  Facebook and Twitter and at ellmers.house.gov for the latest from Washington and the Second District.

House Passes “Audit the Fed” Bill

This week’s passage of the Federal Reserve Transparency Act of 2012 is a milestone for transparency and accountability in our federal government and the power it wields. The Federal Reserve holds unrivaled control over our nation’s economy and has been conducting its affairs with little obligation to hardworking American taxpayers. I am proud to support this bill and call on leaders in the Senate to allow their members to vote on its passage.

Key Provisions in H.R. 459 The Federal Reserve Transparency Act of 2012:

  • Allows GAO to conduct a full audit of the Fed
  • Removes four restrictions on GAO audits of the Federal Reserve which pertain to monetary policy, allowing for a full audit of the Fed.
  • Requires a one-time audit within 12 months.
  • Requires a one-time audit to be completed by GAO and a report submitted to Congress within 12 months of enactment.
  • Additional audits can be performed in future without restrictions on what GAO can examine.

For more information, click here.

Stop the Tax Hike

Click on the image above to hear House Republican Conference Chairman Jeb Hensarling (R-Texas) on House Republicans’ commitment to stop the president and Senate Democrats’ small business tax hike.

The House will vote next week to prevent the looming tax increases from taking place.  Economists from Ernst & Young say these tax increases will cost our economy over 700,000 jobs. Unless the Senate acts, our job creators and our economy will be threatened by this job-destroying tax increase.

In the News

Little traction as some congressional Democrats push for new gun laws

News 14 Carolina

While Democratic leadership has quietly admitted they will not pursue a ban, Republicans have no trouble dismissing talk of more gun laws. “Automatically, the knee-jerk reaction is more gun control. Well, guns don’t kill people, people kill people. This individual is obviously disturbed,” said Rep. Renee Ellmers, R-N.C.

Rep. Renee Ellmers Details Obama’s War on Self Worth

Right Wing News

Rep. Renee Ellmers was one of the first speakers who initiated the general session with great comments about Obamacare, the role of government, and the president’s newly exposed antipathy towards small business owners and other members of the job creating class.

Rep. Renee Ellmers on Holding Elected Officials Accountable

WPTF.com

John Hood of the John Locke Foundation, guest hosting for Bill.LuMaye, interviews Congresswoman Renee Ellmers.