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Taxes & Fiscal Responsibility

The Budget Process is Broken

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Congressman Bill Posey (R-Rockledge) released the following statement regarding legislation to fund the federal government: “The budget process is clearly broken. The House of Representatives passed all of its appropriations bills in September. Yet, even with last month’s short-term extension, the Senate still won’t act to bring those bills to a vote. Each continuing resolution is an…

Posey Testifies in Support of Simplifying Tax Filings for Senior Citizens

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In a hearing of the House Ways and Means Committee today, Congressman Bill Posey (R-Rockledge) testified in support of his bipartisan legislation H.R. 2721, the Seniors’ Tax Simplification Act, which would simplify tax filing for senior citizens living on fixed incomes. “Many senior citizens don’t have complicated income streams and it’s just common sense that their tax filing forms…

Tax Reform Legislation is Positive Step for American Workers, Businesses and Families

| Posted in Press Releases

Today the House of Representatives passed H.R. 1, the Tax Cuts and Jobs Act, legislation which overhauls the nation’s tax code, cuts tax rates for families and workers in every income bracket, closes loopholes and makes business tax rates more internationally competitive. “Growing our economy will translate into more opportunities for every American to succeed,” said Congressman Bill…

House Takes First Step in Reforming Tax Code

| Posted in Press Releases

Today the House of Representatives passed legislation to overhaul the nation’s tax code, cutting tax rates for families and workers in every income bracket, closing loopholes and making business tax rates more internationally competitive. “The legislation is a first step toward reforming our nation’s tax code,” said Congressman Bill Posey (R-Rockledge). “Since the last reform over…

Legislation Makes High Cost Regulations Subject to Congressional Approval

| Posted in Press Releases

With the support of Congressman Bill Posey (R-Rockledge), the House of Representatives passed legislation to make high cost federal regulations subject to Congressional approval. The Regulations from the Executive in Need of Scrutiny or REINS Act (H.R. 26) provides an important check on the power of federal regulators to create rules found to have a major cost on the economy “One of…

Legislation Prevents IRS Abuse and Protects Free Speech Rights for All Americans

| Posted in Press Releases

With the support of Congressman Bill Posey (R-Rockledge), the House of Representatives passed important legislation to protect the First Amendment right of all Americans to make donations to tax-exempt nonprofit groups without the fear of retaliation by politically motivated employees at the Internal Revenue Service (IRS). For years the IRS has been plagued by serious allegations of…

Rep. Posey's Statement on the Omnibus Bill

| Posted in Press Releases

Congressman Bill Posey (R-Rockledge) released the following statement regarding passage of the omnibus spending bill: “With our national debt about to reach $19 trillion, it is past time for Washington to get serious about fixing our broken budget process,” said Congressman Bill Posey. “Despite the steady funding levels for our space program, the omnibus bill continues the…

Committee Approves Posey Legislation to Put the Brakes on New Credit Union Regulations

| Posted in Press Releases

A bipartisan measure introduced by U.S. Representatives Stephen Fincher (R-TN), Bill Posey (R-FL) and Denny Heck (D-WA) to require additional study of newly proposed regulations for credit unions was approved by the House Financial Services Committee today. In June, the National Credit Union Administration (NCUA) proposed regulations for capital risk standards for credit unions that…

Legislation Takes Steps to Protect Taxpayers and Restore Trust in the IRS

| Posted in Press Releases

With the support of Congressman Bill Posey (R-Rockledge), the U.S. House of Representatives passed several pieces of legislation to strengthen taxpayer protections and bring about a fairer, more accountable and transparent Internal Revenue Service (IRS). For several years the IRS has been plagued by scandal over the illegal targeting of conservative groups, its lack of transparency and…

Bipartisan, Bicameral Legislation Introduced to Protect Insurance Policy Holders from Being Forced to Bailout Financial Firms

| Posted in Press Releases

U.S. Representatives Bill Posey (R-FL) and Brad Sherman (D-CA) joined with U.S. Senators David Vitter (R-LA) and Jon Tester (D-MT) introduced the Policyholder Protection Act (H.R. 1478, S. 798), bipartisan legislation to ensure that your personal insurance policies won’t be raided to prop-up failing financial institutions. “It’s simply wrong to force average middle-class families to…

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