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SPEAKER ALERT: Shutting Down TARP & Saving Taxpayers $8 Billion – With More to Come

Speaker Boehner

This week, the House will begin the process of shutting down the TARP bailout program, saving taxpayers $8 billion in mandatory spending -- with more savings to come. Economists agree that immediate and meaningful spending cuts are needed to help promote private-sector job creation. Read more about GOP efforts to cut spending and create a better environment for job growth below. And check out the weekly Republican address by Rep. Diane Black (R-TN) who says the path to prosperity lies in liberating our economy from the shackles of big government and out-of-control spending:

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Liberating Our Economy from the Shackles of Debt & Big Government

Analysis by Stanford economist John B. Taylor says the GOP spending cuts in H.R. 1 will help boost jobs, debunking reports by Goldman Sachs and Democrat economists.

WATCH: Speaker Boehner discussed Taylor’s analysis with FOX News’ Greta Van Susteren.

The House kept its Pledge to America and voted to repeal “one of Washington’s dumbest ideas,” ObamaCare’s job-crushing 1099 paperwork mandate. Job creators around the country praised the repeal vote, saying the mandate will hurt small businesses the most.

FLASHBACK: The House has also voted to repeal ObamaCare and replace it with common-sense reforms that lower costs and protect jobs, and to defund the job-destroying health care law.

Speaker Boehner’s policy assistant offered a by-the-numbers look at the February unemployment report and explains some of the hard work ahead to boost our economy.

Republican freshmen signed a letter to the president urging swift action on pending trade agreements to help “create badly needed jobs for Americans.” Experts say these agreements will “increase business and employment opportunities for Americans for years to come.”

America’s Massive Debt Poses a “Mortal Threat to Our Country” & Our Economy

WATCH: In a speech to the National Religious Broadcasters, Speaker Boehner said we have a moral responsibility to rein in the federal debt which poses a “mortal threat to our country.”

The Government Accountability Office uncovered billions of dollars in wasteful government spending.

A joint-Congressional report found that the massive Medicaid expansion in the $2.6 trillion ObamaCare law is twice what had been estimated and will overwhelm states with new costs.

Meanwhile, the Democrats who run Washington are pushing an inadequate status quo plan that keeps government spending at current “stimulus”-inflated levels.

As Gas Prices Rise, GOP Works to Stop the EPA From Imposing a Job-Crushing National Energy Tax

Experts agree that polices pushed by the Democrats who run Washington are raising fuel costs and jeopardizing American jobs.

The sharp increase in fuel costs is “putting the squeeze on drivers’ wallets” and “forcing tough choices on small-business owners” – which could mean fewer jobs for American workers.

Republicans introduced the Energy Tax Prevention Act to stop the EPA from imposing a national energy tax that would further drive up fuel costs for families and small businesses. Republicans are committed to an all-of-the-above energy strategy that increases American-made energy production, provides for more clean renewable and alternative fuels, and increases conservation.

As always, we appreciate your interest in the new House majority and encourage you to stay connected with the Office of the Speaker on Facebook, Twitter, and on Speaker.gov. Have a great week!

- Speaker Boehner’s Press Office

SPEAKER PRESS OFFICE

REP. JOHN BOEHNER (R-OH)

H-232, THE CAPITOL

(202) 225-0600 | SPEAKER.GOV

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