Congressman Roger Williams

Representing the 25th District of Texas

Economy and Jobs

With the U.S. national debt clocking in at nearly $18 trillion, or $153,000 per taxpayer, it is more important than ever for the federal government to stop spending more than it takes in.
 
We need to get our fiscal house in order by cutting spending, balancing the budget, and shrinking the deficit. Across the nation, families and businesses have cut back and stretched their hard-earned dollars in order to make it through the sluggish economy. The government must do the same. We’re facing a fiscal crisis because Washington spends too much and wastes too much.
 
As a business owner with more than 41 years of private sector experience, I know that government cannot create jobs; only entrepreneurs can do that. But government can destroy jobs through high taxes, big spending and over-regulation. With historically high unemployment rates and record low labor force participation, it’s clear that President Obama’s economic policies aren’t working. We need a new approach to get the economy moving, and we need to take power away from Washington and give it to families and small businesses.
 
As a member of the House Budget Committee, I support the House Republican Fiscal Year 2015 Budget Resolution.  This budget stops spending money we don’t have and reduces deficits by $5.1 trillion over the next 10 years. It targets wasteful spending and reforms the drivers of the debt. This budget would improve our broken tax code to create jobs and increase wages, protect and strengthen important priorities like Medicare and national security, and reform welfare programs like Medicaid so they can deliver on their promise.
 
I will continue fighting to cut federal spending and get our country back on the path to prosperity, without raising taxes. By applying the same principles that families and businesses use every day, our country’s best financial days will surely be ahead of us.

More on Economy and Jobs

Apr 30, 2015 Video

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a business owner, spoke on the floor of the U.S. House of Representatives today to commend law enforcement officers who have worked to restore safety and security to Baltimore after this week’s violent protests.  

Apr 29, 2015 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the House Financial Services Committee, today received the Spirit of Enterprise Award from the U.S. Chamber of Commerce in recognition of pro-business votes.

Apr 28, 2015 Video

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a member of the House Financial Services Committee, spoke with Augusta Cassada of OAN (One America News Network) about his vote to repeal the death tax and how the tax directly affected his family business.

“We came close to declaring bankruptcy,” said Williams, whose death tax liability was equal to a significant value of the business’ worth. “That is money I could have given to my church, money I could have put into a business to create more jobs, create more taxpayers.”

Apr 20, 2015 Video

Austin, Texas – Congressman Roger Williams (R-Texas), a member of the House Financial Services Committee, joined Stuart Varney on Fox Business Network Friday to discuss the House vote to repeal the death tax and how the tax has impacted him, a second generation business owner.

“Shortly after they (my parents) passed away the IRS was in my office,” said Williams. “I had to consider declaring bankruptcy. It is double taxation…it’s just wrong, and it’s capital that could go into our economy to help create jobs. It’s a job destroyer.

Apr 16, 2015 Column

In 1939 a man started a car dealership to realize the American dream. When he died the ownership of the business was passed along to his son and so was a death tax liability equal to a significant value of the business’ worth.
The son nearly declared bankruptcy.

Fortunately, he was able to pull the resources together to keep his father’s dealership afloat. He still runs the dealership to this day and has more than 100 employees.

That son is me.

Apr 14, 2015 Video

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner of more than 40 years and a member of the House Financial Services Committee, today released the following video message urging a repeal of the estate tax which is scheduled to come up for a vote in the House of Representatives this week.
 
“The estate tax, otherwise known as the death tax, is one of the most unfair taxes implemented by the U.S. government,” said Williams. “Not only does it hinder job growth, it is double taxation that tears apart family businesses.
 

Apr 1, 2015 Press Release

AUSTIN, TEXAS – Congressman Roger Williams (R-Texas), a small business owner of more than 40 years and a member of the House Financial Services Committee, spoke with Tim Farley on Sirius XM's POTUS channel on Tuesday to talk about how one-size-fits-all regulations, like the Dodd-Frank Act, are hurting small businesses, community banks and credit unions.

Mar 30, 2015 Press Release

AUSTIN, TEXAS – Congressman Roger Williams (R-Texas), a small business owner for more than 40 years and a member of the House Financial Services Committee, today released a video message addressing the burden of Washington’s one-size-fits-all regulations on job creators and community banks and credit unions.

“Inefficient, top-down regulations from Washington limit our choices,” said Williams. “They make it harder for small businesses to grow, thrive and hire workers.

Mar 26, 2015 Column

Earlier this month U.S. Treasury Secretary Jack Lew spoke in front of a group of CEOs in Manhattan and compared the U.S. economy to a "well-oiled machine.”

One week later he testified before the House Committee on Financial Services, on which I serve, and I told him his statement bothered me.

Taking into account stagnant wages, the lowest labor participation rate since Jimmy Carter’s presidency and a national debt of more than 18 trillion dollars, I explained I think we can do better.

Mar 18, 2015 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner of more than 40 years and a member of the House Financial Services Committee, today asked community banks and credit unions what Washington can do to relieve some of the regulatory burden that has caused hardships for smaller financial institutions.

“While the stated purpose of these new laws and regulations is to protect consumers, the opposite is actually happening,” said Williams. “Regulations are not just hurting banks but the customers who depend on them.