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

Jul 23, 2015 Video

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the Financial Services Committee, joined his colleagues on the floor of the U.S. House of Representatives to speak on the fifth year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“The crippling effects of Dodd-Frank have trickled down from the president’s pen to local job creators who had nothing to do with the financial crisis,” said Williams. “The costs have been passed along to them. It isn’t right. It isn’t fair.

Jul 21, 2015 Column

Five years ago, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law as one of the largest financial overhauls in our nation’s history. The American people were told the law was necessary to ensure stability in the financial sector and prevent future meltdowns. But instead of responsibly studying the root causes of the crisis, Democrats in Washington rushed to regulate and threw a blanket over our entire financial system.

Jul 20, 2015 Video

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the Financial Services Committee, questioned Federal Reserve Chairwoman Janet Yellen about the impact of federal regulations on community institutions during a committee hearing on monetary policy and the state of the economy.

“I can tell you small business is hurting,” said Williams. “Main Street America is hurting. And it’s hurting because regulations, which you have talked about today, are literally choking the heart out of small businesses.”

Jul 16, 2015 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the Financial Services Committee, has introduced a bill that would require the Consumer Financial Protection Bureau (CFPB) to explain to community banks and credit unions why they are not exempted from certain CFPB rules and regulations as permitted in the Dodd–Frank Wall Street Reform and Consumer Protection Act.

Jul 14, 2015 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner and member of the Financial Services Committee, today released the following statement after an internal Justice Department investigation cleared its own lawyers of unfairly targeting payday lenders in its program Operation Chokepoint:

Jul 13, 2015 Press Release

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner, spoke with Jon-David Wells on Thursday to discuss his seven bill tax reform plan, Jumpstart America.

Jul 7, 2015 Column

The talk of tax reform in our nation’s capital is commonplace. Unfortunately, there is just not much substance to back up the rhetoric. Tax reform is a bipartisan issue, but the United States tax code has not been overhauled since 1986.

Jul 2, 2015 Press Release

AUSTIN, TEXAS – Congressman Roger Williams (R-Texas), a small business owner and member of the House Financial Services Committee, today made the following statement after the U.S. Department of Labor released its monthly employment report:

Jun 3, 2015 Video

WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a member of the Financial Services Committee, spoke on the floor of the U.S. House of Representatives to support an amendment that would prevent the U.S. Department of Justice from using appropriated funds to implement Operation Choke Point.

Operation Chokepoint, a program overseen by the Justice Department, subjectively categorizes certain businesses as high-risk, resulting in lender discrimination against legitimate and legal companies.

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.