Economic Issues and Fiscal Responsibility
Jobs | Manufacturing | Fiscal Responsibility | Tax Cuts | Minimum Wage | Paycheck Fairness | Appropriations
Imagine what rekindling the American Dream looks like for you and your family—it’s an optimistic vision of what’s possible in the future. It is a vision of opportunity for you, your children, and your grandchildren.
Since first coming to Congress, I’ve acted aggressively to enact policies that promote this fundamental American value. Where hard work is rewarded and all Americans who are willing to work for it are able to achieve the middle class American Dream.
A strong economy runs on affordable energy.
Right now, the United States spends more than $1 billion per day overseas to import foreign oil.
This is unacceptable. Our economic future and national security depend on coming up with a better energy policy, one that takes an all-of-the-above approach to developing our resources here at home.
That is why I led a bipartisan group of my colleagues in writing a plan that does just that.
The basic premise behind my bipartisan energy bill is simple: take the royalties from the expansion of responsible drilling here in America, and reinvest them into clean energy jobs and infrastructure improvements here at home.
Why should we continually send our money overseas to countries that hate us? They will hate us for free. With entrepreneurship and a can-do American spirit, we can increase our energy security and create good-paying, clean energy and construction jobs right here in southern Minnesota. To learn more about my bipartisan energy bill, please here.
Southern Minnesota’s working and we are proving that we can make things in America again. And whether it’s AGCO in Jackson, Crenlo in Rochester, or Alliant Castings in Winona, small businesses across southern Minnesota are playing a leading role in that effort.
We must enact policies that ensure our local small businesses and manufacturers continue to grow and prosper.
That is why over the past year I’ve consistently called on House leadership to pass a new farm bill and advocated for passage of a long-term transportation bill that will repair our crumbling roads and bridges, connect our local manufacturers with consumers around the country, and give our local small businesses the certainty they need to plan ahead.
The more efficiently small businesses can move their goods to market, the more they can invest in growing their business—and that creates jobs for southern Minnesotan’s.
Middle class families and small businesses across Minnesota know that the key to balancing a budget is paying for what you spend and making smart, targeted investments for the future. I believe government needs to adhere to the same principles and as we move toward economic recovery, we need to put our country back on the path to fiscal discipline as well.
I have been a strong supporter of pay-as-you-go rules in the House and I support H.R. 2920, which would strengthen those rules and put our nation back on the path to fiscal responsibility. The principle here is simple: Congress should pay for what it spends. These are the same rules that lead to a budget surplus in the 1990’s.
Contrary to popular belief, the deficit is falling and is the lowest we’ve seen in five years, down from 10 percent of our Gross Domestic Product to just 3 percent, but more must be done. I will continue to support measures that include smart spending cuts and targeted investments that will grow our economy.
Tax Cuts for Middle Class Families
After the worst economic crises since the Great Depression, our economy is beginning to turn the corner and we’ve seen 34 straight months of private sector job growth.
To continue this recovery we need to ensure that middle class Americans aren’t overly burdened by an unfair tax rate. We cannot go back to the same failed policies that got us into this mess. We must continue to advocate for policies that create jobs and prosperity for all Americans, not just the wealthiest among us.
That is why I voted to ensure income tax rates won’t go up on 98% of Americans. Doing so puts more money into the pockets of middle class families, which in turn puts more money into our local economy.
I've also supported tuition tax credits making it easier and more affordable to attend college and tax credits for small businesses looking to expand and produce more goods. I will continue fighting for tax reform that promotes opportunity and prosperity for all Americans.
Moving forward, I will continue fighting for tax reform that promotes opportunity and prosperity for all Americans.
In 2007, with my support H.R.2, the Fair Minimum Wage Act, passed the Democratic-led House by a vote of 315-116. The bill raised the minimum wage over the course of two years from $5.15 to $7.25 per hour. Unfortunately, despite continuous increases in the costs of basic household necessities, the minimum wage has not been raised since. I believe the minimum wage should be a livable wage, and I will continue to fight to raise the minimum wage for hardworking, southern Minnesotans.
Although women have made huge strides in recent years towards equality in the workplace, many are still paid less than their male counterparts for the same work. As a strong supporter of women's equality, I believe this is unacceptable.
I have advocated for and have cosponsored the Paycheck Fairness Act in the past several sessions of Congress. I am once again a cosponsor of this incredibly important piece of legislation in the 113th Congress. There is simply no excuse for offering unequal pay based on gender.
In the past, through the annual appropriations process, many Members of Congress requested funding for specific projects in their home districts. These funding requests did not add funds to the federal budget, but set aside funds for a specific project that would otherwise be allocated to—and spent by—federal bureaucrats.
I fought to increase transparency in Congress involving requests for projects. In that spirit I have long posted information on my website about the projects I have requested. I requested the following projects because they would help create jobs and have a transformative impact on southern Minnesota. These projects were submitted to me by state and local officials in Minnesota, as well as community and non-profit organization.
Click here to view my FY2011 Appropriations requests.
Click here to view my FY2010 Appropriations requests.
Click here to view my FY2009 Appropriations requests.
Click here to view my FY2008 Appropriations requests.
More on Economic Issues and Fiscal Responsibility
Washington, DC [11/14/14] – Congressman Bob Latta (R-OH), along with Congressman Tim Walz (D-MN), today introduced the Propane Education and Research Enhancement Act of 2014. The bipartisan legislation directs the U.S. Department of Commerce (DOC) to more accurately calculate consumer propane costs. It also enables the propane industry to use its resources to mitigate price spikes.
New Ulm, MN [9/12/14] – Today, Representative Tim Walz toured New Ulm Quartzite and talked about ways to create opportunity and jobs for southern Minnesota, including through his all-American Energy and Infrastructure Act. Rep. Walz’s vision for changing the way Washington thinks about infrastructure and energy is simple: take the royalty payments for offshore drilling and invest them into clean energy and construction jobs that would rebuild our roads and bridges at home, like Highway 14 in New Ulm.
Walz and AGCO agree that the Export-Import Bank, which promotes American Manufacturing around the world at no cost to taxpayers, must be reauthorized
This year Walz took part in a short bike ride with students and outdoor enthusiasts prior to the potluck
Winona, MN [8/18/14]—Today, Representative Tim Walz—Ranking Member of the U.S. House Agriculture Subcommittee on Conservation, Energy, and Forestry—hosted the second annual Walz Conservation Potluck lunch with conservation leaders on the banks of the Mississippi in Winona. Prior to the potluck, Walz took part in a short bike ride with students and outdoor enthusiasts.
Rural development loan will be used to help St. John’s Lutheran Home in the construction of a replacement 84-bed nursing home and new 32-unit assisted living facility
Blue Earth, MN [7/14/14] – Today, Representative Tim Walz attended a ground breaking ceremony for a new industrial park in Blue Earth. Walz supported the project every step of the way and helped the city cut through red tape when city officials ran into problems getting permits in a timely manner.
“This is what working together looks like,” Representative Walz said. “Southern Minnesota is working thanks to community and business leaders like all of you here today. We can do incredible things when we build the public-private partnerships and work together.”
Bank promotes Made in America Manufacturing by providing businesses and workers with the certainty and opportunity they need to compete in the global marketplace at no cost to taxpayers
Seek to solve trail maintenance backlog by streamlining volunteers’, trail guides’ maintenance efforts
Water Resources Reform & Development Act (WRRDA) works to eradicate invasive carp and spur job creation and economic growth, increasing America’s competitiveness in the global market
Washington, DC [4/29/14] – Today, Representatives Tim Walz (D-MN), Cheri Bustos (D-IL), and Rick Nolan (D-MN) met with senior officials at the White House to discuss the importance of the Renewable Fuel Standard (RFS). The Members shared their strong concerns about the EPA’s proposed rule on the RFS. They also stated their belief that the RFS plays a critical role as an alternative to foreign oil, while benefiting local economies across the country and creating jobs in rural communities. The Midwestern lawmakers released the following statement: