WASHINGTON – Rep. Virginia Foxx, R-N.C., today voted in support of H.R. 1, the Tax Cuts and Jobs Act, legislation that simplifies the U.S. tax code, significantly reduces tax rates for the middle class, and brings about economic and job growth by increasing America’s competitiveness. Foxx issued the following statement in support of H.R. 1: “Thirty-one years ago, President Reagan signed the Tax Reform Act of 1986, and history shows that economic prosperity followed. Today, the House passed H.R.... Read more

WASHINGTON – Rep. Virginia Foxx, R-N.C., today voted in favor of the House budget resolution as amended by the United States Senate. This legislation establishes the budget for the United States Government for FY’18 and paves the way for comprehensive tax reform. Foxx released the following statement in support of the budget: “As someone who was raised in abject poverty, I know too well the devastating effects that our current tax code has on low-income and middle class Americans. For the first ... Read more

WASHINGTON – Rep. Virginia Foxx, R-N.C., today voted in favor of H.R. 3354, The Make America Secure and Prosperous Appropriations Act for FY’18, a bipartisan spending bill to appropriate funds for the federal government. The House passed the legislation by a vote of 211-198. “The Constitution which is the bedrock of American society, entrusts Congress with the power of the purse. As legislators that is among our most important responsibilities. Today, the House fulfilled its responsibility to t... Read more

WASHINGTON - Rep. Virginia Foxx, R-N.C., chairwoman of the House Committee on Education and the Workforce, issued the following statement after President Trump released his budget for fiscal year 2018: "Students, workers, and small businesses cannot succeed in an economy that is crippled by too much government and too much debt. During the last eight years, we were told time and again that more spending on more programs would lead to more prosperity. Hardworking taxpayers were burdened by new pr... Read more

WASHINGTON – Rep. Virginia Foxx, R-N.C., has introduced legislation that ensures Congress has the opportunity to take action when mandatory programs exceed their cost estimates. “Washington has a serious spending problem and increases in mandatory spending are the largest cause of our worsening fiscal outlook. These programs often come in significantly over budget and Congress has little ability to address the unexpected spending levels,” said Foxx. “This legislation will protect taxpayers from ... Read more

WASHINGTON – Rep. Virginia Foxx, R-N.C., today voted in favor of legislation that prohibits the IRS from requiring nonprofit organizations to include information on contributors in annual filings. “Taxpayers shudder at the mere mention of the IRS, and that image hasn’t been helped since the federal government’s most feared agency admitted to singling out conservative groups for unprecedented, invasive scrutiny,” said Foxx. “As Americans, we expect our government to preserve, protect and defend o... Read more

WASHINGTON – Rep. Virginia Foxx, R-N.C., today praised the passage of several pieces of legislation in the House that will make the IRS more accountable to hardworking American taxpayers. “Another Tax Day has come and gone, and millions of Americans have been reminded of how confusing, complex and unfair the U.S. tax code is for hardworking families and small businesses. The legislation passed by the House this week will hold IRS employees accountable for their actions and increase congressional... Read more

WASHINGTON – Rep. Virginia Foxx, R-N.C., today released the following statement regarding President Obama’s budget request for Fiscal Year 2017: “The national debt is nearly $19 trillion – that’s approximately $58,000 for every man, woman and child in America. Our country is in the middle of a fiscal crisis driven by reckless borrowing and runaway government spending. However, President Obama continues to ignore these realities and the magnitude of the problems we face. “Despite proposing to rai... Read more

A proposal to switch to a two-year fiscal cycle is pitting House appropriators and Budget Committee members against a majority of House members, some of whom who have argued the current annual process is ineffective and wasteful. The fight over two-year budgeting comes as the House embarks on a rewrite this year of the 1974 Budget Act, which governs the annual spending process. Lawmakers representing both sides skirmished today at a Rules Legislative and Budget Process Subcommittee hearing on th... Read more

It has taken nearly five years, but a Clemmons financial advisor’s idea to alter language on the federal IRA accounts was adopted by the U.S. House of Representatives last week. Shepherded through by U.S. Rep. Virginia Foxx, the bill streamlines SIMPLE IRA rollovers. Paul Johnson of Clemmons first brought it to her attention. Johnson said the process had given him some indication about how cumbersome the law making process can be. “In some ways, I am glad bills take a while to get passed. I thin... Read more