Economy & Fiscal Responsibility

The American economy works best when individuals, communities, and businesses have the freedom to innovate, grow, and thrive. That means cutting taxes, removing burdensome government regulations, and letting YOU keep more of your hard-earned money.

As your Senator, I will work with my colleagues to stop any effort to undo the Tax Cuts and Jobs Act passed by Republicans in Congress in 2017. These historic tax cuts for businesses and the middle-class raised blue-collar wages and spurred tremendous economic growth across the country.

We need to promote policies that bring jobs to Alabama. Overregulation burdens businesses and stifles growth and innovation. Alabama’s low tax and regulatory burden and strong Right to Work law has helped our state become a leader in auto and aviation manufacturing, industries that support tens of thousands of good-paying jobs. The rest of the nation can learn from Alabama’s leadership.

American families are expected to be fiscally responsible, and our government should be no different. Our ballooning national debt puts the future of our children and grandchildren at serious risk. I will fight against reckless spending and will work to get our country’s fiscal house in order.

Making a Difference

President Biden and Congressional Democrats’ decision to repeatedly extend overly-generous unemployment benefits as the country recovered from the COVID-19 pandemic has incentivized many Americans not to return to work, hurting businesses and our economy in the process. To help businesses that need workers and reinvigorate our economy, I cosponsored the Back to Work Bonus Act, which would give workers one-time bonuses to return to a job rather than take unemployment benefits. 

  • The Back to Work Bonus Act would help connect unemployed workers with jobs to get the economy going again. 
  • This bill would provide a one-time payment of $1,200 to those returning to a full-time job, or $600 to those returning to a part-time job, and is comparable to a hiring bonus.
  • The bill would also reinstate the federal work search requirement for individuals receiving unemployment. 

The retirement savings of our military and government employees must not be invested in the economies of our adversaries. I introduced the Prohibiting TSP Investment in China Act to prevent federal retirement funds from going to Chinese companies. 

  • The Prohibiting TSP Investment in China Act would prevent Thrift Savings Plan (TSP) funds from being invested in any entity based in the People’s Republic of China. 
  • The TSP is the predominant government retirement fund and is utilized by 6,000,000 military and federal civilian employees.
  • Chinese companies routinely violate U.S. financial reporting requirements and steal valuable intellectual property. We shouldn’t reward their bad practices by investing in these companies.