WASHINGTON — Yesterday, Congressmen Kevin Brady (TX-08), Jake Ellzey (TX-06) and Michael McCaul (TX-10) sent an amicus letter to the Supreme Court of Texas warning of Texas Central Railroad's lack of progress and funding at the federal level for their proposed Dallas to Houston high-speed rail project. "As the Supreme Court of Texas could determine the outcome of an eminent domain case that would severely diminish Texans' property rights, it is critical to warn of Texas Central Railroad’s lack o...
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Wholesale prices jumped 11 percent from the previous year, according to a new Producer Price Index (PPI) report from the Department of Labor. Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “When Main Street businesses get hit with double-digit increases in prices, consumers are the ones who ultimately pay. “This is the fifth straight month of wholesale price hikes by over 10 percent under President Biden – and he hasn’t proposed one real solution to addr...
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After the Bureau of Labor Statistics released its April Consumer Price Index reporting consumer prices increased 8.3 percent from a year ago, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “This is more bad news for workers and local businesses. April was another month of raging Bidenflation – punishing price hikes, core inflation worsening and paychecks shrinking. If the President claims inflation has peaked, someone ought to remind him that’s what he c...
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Today, the Energy Workforce & Technology Council honored Congressman Brady (TX-08) with the Champion of Energy award during a lunch in Washington, D.C., for his relentless and uncompromising commitment to the oil field services industry and the domestic energy sector. “It is an honor to name Congressman Brady with our Champion of Energy award,” said Leslie Beyer, CEO, Energy Workforce and Technology Council. “Congressman Brady has been a long-time stalwart of free markets, low taxation, energy i...
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WASHINGTON — Last week, Congressman Kevin Brady (TX-08) led his Republican colleagues in sending a letter to the House Appropriations Committee urging the adoption of smart safeguards to protect U.S. taxpayers from footing the bill of faulty high speed rail projects. Specifically, the letter requests the inclusion of strong guardrails to the Railroad Rehabilitation & Improvement Financing (RRIF) loan program in the upcoming spending package. “While we support passenger rail infrastructure, it is...
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Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement after the release of the April jobs report from the Bureau of Labor Statistics: “It’s troubling that the economy lost 353,000 workers last month and the labor force shrunk, creating more pressure for higher prices while hammering small businesses whose optimism is plummeting. Along with shrinking paychecks and a shrinking economy, all warn of a painful recession ahead.” Background: The Bureau of Labor Statist...
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After the Federal Reserve announced its decision to raise interest rates citing inflation as “much too high,” and causing hardship for American families, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “Like the White House, the Fed has embraced serial economic denial for the past 16 months - which empowered raging inflation. America doesn’t need more happy talk of inflation peaking, economic growth not slowing, and no wage-price spiral in sight. “The eco...
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After the Federal Reserve’s preferred measure of inflation showed prices increased by 6.6 percent, the highest since 1982, while real disposable personal income dropped again by 0.4 percent, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “With inflation continuing to rage, President Biden can now boast shrinking paychecks and a shrinking economy to go along with his shrinking poll numbers.”
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Republican Leader of the House Committee on Ways and Means Rep. Kevin Brady (R-TX) issued the following statement on Thursday’s Bureau of Economic Analysis report for gross domestic product which showed a disappointing -1.4 percent growth for January through March of this year. “This devastating report of negative economic growth is a clear signal of America heading towards recession. Under President Biden’s leadership, America’s economic performance has fallen short of projections four of the l...
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Although Obamacare has been on the books for more than a decade, the Biden Administration is attempting to illegally and unilaterally change the law, according to a new letter from Ways and Means Republican Leader Rep. Kevin Brady (R-TX) and Senate Finance Committee Republican Leader Sen. Mike Crapo (R-ID). Doing so could exacerbate 40-year high inflation, which is causing prices to rise three times faster than paychecks. Urging the Administration to reverse course, the GOP Leaders write: “[u]ni...
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