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Bill Hagerty on Budget & Economy
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Work to get government out of the way of business
Bill knows what it takes to grow Tennessee's bustling economy, because he's done it. He knows the federal government should never punish success, nor failure in the free market. He'll work to get government out of the way, cut unnecessary bureaucratic
regulation, continue President Trump's winning streak on taxes, promote free trade, remove barriers to trade, strengthen the regulatory review process, and encourage companies to do business in Tennessee.
Source: 2020 Tennessee Senate campaign website TeamHagerty.com
, Dec 24, 2019
Won't raise taxes; committed to cutting spending
Your family balances its budget every month, and Bill believes the federal government should too. Bill won't raise taxes. He will fight for a balanced budget amendment to the Constitution. He'll work to streamline an out of control federal government
that spends too much of our money and cut down on waste, fraud, and abuse. He's committed to cutting spending. He will stand strong against the liberal Democrats in the House who want to spend your hard-earned money recklessly.
Source: 2020 Tennessee Senate campaign website TeamHagerty.com
, Dec 24, 2019
Democrats plan to undo Trump's economic success
In an interview with The Associated Press, Hagerty said the economy would be in greater jeopardy if Democrats win the White House, take control of the Senate and maintain their grip on the
House. "Democrats have made their plan clear. They'd like to undo the economic success of this president," Hagerty told the AP. "They've tried to talk the economy down in hopes of generating a recession. That hasn't worked."
Source: Nashville Business Journal on 2020 Tennessee Senate race
, Sep 9, 2019
Opposed $1.9 trillion ARPA bill for COVID relief.
Hagerty voted NAY American Rescue Plan Act
This bill provides additional relief to address the continued impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses:
- Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program);
- schools and institutions of higher education;
- child care and programs for older Americans and their families;
- COVID-19 vaccinations, testing, treatment, and prevention;
- emergency rental assistance, homeowner assistance, and other housing programs;
- payments to state and local governments for economic relief;
- small business assistance, including restaurants;
- and state capital projects that enable work, education, and health monitoring in response to COVID-19
Rep. Kevin McCarthy in OPPOSITION (3/11/21): The so-called American Rescue Plan imposed a $1.9 trillion new burden on American families. Despite being branded as 'COVID relief,' only 9% of funds in this bill actually goes to
defeating the virus, and almost half of the money, including more than 95% of the education funds, will not be spent until 2022 or later. After a year of struggle and sacrifice, students and parents get no answer to the vital question of when they can expect schools to reopen full time. President Biden wants Americans to believe 'help is on the way.' But under this bill, it isn't; waste is.
Biden Administration in SUPPORT (2/26/21): ARPA provides the tools and support critical to tackle the urgent public health and economic crises the Nation faces as a result of COVID-19. The bill also provides eligible Americans with a $1,400 payment in addition to the $600 payment provided in December of 2020. The bill also extends key emergency unemployment benefits, and raises the minimum wage to $15 per hour.
Legislative Outcome: Passed House 219-212-1 on 2/27/21; passed Senate 50-49-1 on 3/6/21; signed by President on 3/11/21.
Source: Congressional vote 21-HR1319 on Feb 27, 2021
Page last updated: May 20, 2022