Friday, March 3, 2023                                                          WEBSITE | SHARE ON:  
 
Foxx Report
 

Washington has plugged its ears and ignored the priorities of the American people for far too long – and our unified Republican majority in the People’s House is acting to change that. Reckless spending sprees and misguided policies created unprecedented levels of inflation that have crushed hardworking Americans since President Biden took office. In fact, in his first year in office, he issued more executive orders than any president since Gerald Ford. After two years in office, he has now issued a shocking 107 executive orders. But why is this important to consider?

This reckless executive spending agenda cost hardworking families more than $1 trillion in taxpayer dollars and even more in the added cost of inflation, which has risen more than 14 percent since he took office. House Republicans see this as an undeniable threat, and one that must be confronted. This week, we passed the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act, legislation that requires the Biden Administration to publish the inflationary impact of executive orders before enacting them. This is accountability in action.

Consider the cancellation of the Keystone XL pipeline permit on President Biden’s first day in office – and the 830,000 barrels of oil per day that it would have supplied from Canada to refineries located in the United States. The ultimate cost of this reckless executive order is now reported to be as much as 59,000 jobs and up to $9.6 BILLION that would have helped our economy thrive. What’s more, another out-of-touch executive order was signed that set the goal of making half of all vehicles sold in America electric by 2030. By replacing all gas-powered vehicles with electric the average American family would be forced to fork out an extra $5,400 a year for five years.

Here's the bottom line: every American deserves an economy that’s strong, but when reckless spending endeavors are given a higher priority than reinforcing the economy, ruin occurs. House Republicans are laser focused on unraveling the irreparable damage that has been done by One Party Rule in Washington over the last two years, and we will remain undeterred in our mission.

My Latest Interview

On Tuesday evening, I joined Sean Duffy and Dagen McDowell on Fox Business to discuss President Biden’s student loan bailout – and I did not hold back. The Biden administration continues to use the economic downturn brought on by the COVID-19 pandemic as the justification behind its mass student loan bailout. The challenges our economy faces stem from this administration’s heavy-handed mandates and policies that put our nation deeper into debt. We need real solutions, not more PR stunts meant to cushion the President’s ratings.

To watch the full interview, click here.

Protecting Retiree’s Financial Security

This week, the House passed H.J. Res. 30, a Congressional Review Act resolution to nullify the Biden administration’s rule encouraging retirement plan fiduciaries to consider or choose investments based on environmental, social, and governance (ESG) factors. ESG investing puts the future of millions of Americans in jeopardy. Due to Biden’s reckless economic policies, too many Americans are worried about rising costs of living. Diverting retirement savings to fund social justice causes will make this problem even worse. And for current retirees the situation is especially salient. Americans invest to secure their future, not to fund the Green New Deal or Leftist pet projects. It is time to stop this madness.

To read my full remarks from debate on the House floor, click here.

Quote of The Week

“We must reinforce argument with results.”

-Booker T. Washington

Have a blessed weekend,

 
 
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