Economy and Jobs
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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.
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.
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.
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.
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.
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a business owner of more than 40 years and a member of the House Financial Services Committee, today questioned U.S. Secretary of the Treasury Jack Lew who testified before the committee on the state of the U.S. economy.
Today, Congressman Roger Williams (TX-25) released the following statement after the House passed a Continuing Resolution (CR) to fund the government along with House Armed Services Chairman Buck McKeon’s (R-CA) amendment to equip the Free Syrian Army.
Under the control of Senate Democrats, “The Senate went three months this spring without voting on a single legislative amendment, the nitty-gritty kind of work usually at the heart of congressional lawmaking,” The Washington Post reports. “So few bills have been approved this year, and so little else has gotten done, that many senators say they are spending most of their time on insignificant and unrewarding work.”