Nancy Mace on Budget & Economy

Restore some accountability in the budgeting process

Specifically, Mace plans to attack the federal spending fiasco in her first term. She wants to see "significant movement" on measures to "restore some accountability in the budgeting process." Mace supports a "cut, cap, and balance approach" that will promote economic growth. Additionally, Mace supports eliminating the income tax and would like to see America move toward a consumption based tax.

Day of reckoning is coming if politicians continue to spend

Politicians in Washington continue to spend, continue to raise the debt ceiling and continue to ignore the coming wave of entitlement costs that will bankrupt our nation. Now is not a time for politics as usual, we need real leaders with courage to make the difficult choices. Spending is out of control, our national debt is soaring and politicians continue to hide from the real challenges.

Make no mistake; a day of reckoning is coming, even for a country as big and economically diverse as America. Margaret Thatcher once said, "The problem with socialism is that you eventually run out of other people's money." Thatcher was right. So, when is enough, enough?

Pro-stimulus spending, according to PVS survey.

Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Economy: Do you support federal spending as a means of promoting economic growth?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."

Pro-COVID relief, according to PVS survey.

Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Economy: Do you support providing financial relief to businesses AND/OR corporations negatively impacted by the state of national emergency for COVID-19?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."

Opposed $1.9 trillion ARPA bill for COVID relief.

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.