Senator David Perdue Announces Bipartisan Agreement To Reduce Dodd-Frank Regulations

State & National

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) and 17 members on the Senate Banking Committee have drafted a bipartisan proposal to roll back significant portions of the Dodd-Frank Act, providing regulatory relief for Georgia’s community banks, credit unions, mid-sized banks, regional banks, and custody banks, none of whom contributed to the financial crisis of 2008. The proposal also improves important consumer protections, particularly for veterans, senior citizens, and victims of fraud.

“This is a huge win for our rural communities, small businesses, and the banks supporting them,” said Senator David Perdue. “This proposal will improve access to capital for small businesses, particularly in Georgia’s rural communities who have struggled with overregulation. In addition to this proposal, there is still work to be done. We will continue working with Secretary Mnuchin and the Trump Administration to eliminate even more regulations for consumers and business.”

“We appreciate the hard work of Senator David Perdue on behalf of the bankers and consumers in Georgia,” said Joe Brannen, President & CEO of the Georgia Bankers Association. “We are more hopeful that true relief can be accomplished in the near future so that Georgia bankers can continue to serve their communities in even more meaningful ways.”

Last spring, the Senate Banking Committee issued a request for legislative proposals from stakeholders, companies, and consumers aimed at creating economic growth. The committee then held a series of hearings exploring these ideas and has been drafting this proposal since that time. Democrats agreed that significant regulations of Dodd-Frank were negatively impacting local economics across the nation and joined Republicans in drafting this proposal.

Three key bills sponsored by Senator Perdue are included in this agreement: the Reciprocal Deposits Bill, the Portfolio Lending and Mortgage Access Act, and the PROTECT Act, which simplifies the credit freezing process. View the proposal’s text here and a summary here.

Highlights of the bipartisan package include:

  • Improves consumer access to mortgage credit;
  • Provides regulatory relief for small financial institutions and protects consumer access to credit;
  • Provides specific protections for veterans, consumers and homeowners; and
  • Tailors regulations for banks to better reflect their business models.

Senator David Perdue Refutes Misinformation On Tax

State & National

Senator David Perdue Refutes Misinformation On Tax

“No excuse for this nonsense. I think it’s our role, on both sides, to call out these untruths.”

 

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke on the Senate floor to set the record straight on Democrat’s false assumptions on tax, which have been proven wrong.

 

Highlights

Citing Retracted Studies: “On Monday, The Tax Policy Center released a study saying that the House plan to change the tax code would raise taxes on 25% of American families. The study didn’t even survive a full day. It was retracted later that afternoon. It’s not even publicly available online to review. But do you know what is still public? The Democrat statements that came out of that report, false statements highlighting this study as reality.”

Perpetuating Falsehoods: “The website Vox posted a story about the Tax Policy Center study titled, ‘The Numbers Are In And The House Republican Tax Bill Raises Taxes On Nearly One-Third of Americans.’ Sure, they say they’ll update the story once new numbers are available. In the meantime, this headline and story are still in existence as if they were true. Why wouldn’t they take down the story? Why wouldn’t they change the headline?”

Failing Fact Checks: “Multiple members of the Minority Party have said the tax framework supported by President Trump would raise taxes on families earning less than $86,000 per year. This talking point is so wrong that even The Washington Post came out and said so. They gave this claim four Pinocchios. That’s the worst rating you can get on their fact check.”

Putting On A Show: “The Minority Party is doing all it can to try and stop us from getting this done this year because it makes good politics somehow. That’s the only explanation I see. It just doesn’t make any sense. Why would someone oppose giving the middle class a tax break? Why would someone oppose making America competitive again? Why would someone oppose bringing billions of dollars of U.S. profits back into the United States so they can be reinvested in the economy and create jobs?”

Ignoring National Interest: “If Democrats were acting in our national interest, we’d be hearing about the studies showing that, on average, Americans are projected to get a pay increase between $4,000-$9,000 under this plan. We’d be hearing about how families making less than $86,000 per year are actually getting a tax cut. Again, that’s a point even The Washington Post acknowledged. We’d be hearing about how lowering the corporate tax rate and ending the tax on repatriated earnings will make us more competitive with the rest of the world. We’d be hearing about the economic growth that could result from these changes.”

Changing Their Tune: “There are members of the Minority Party who supported these changes to the tax code right up to the point President Trump took office. That’s no excuse for this nonsense. I think it’s our role, on both sides, to call out these untruths. It’s also our responsibility to stop this nonsense.”

Senator David Perdue Talks RAISE Act With Fox News’ Steve Hilton

Politics, State & National

 

Senator David Perdue Talks RAISE Act With Fox News’ Steve Hilton

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Steve Hilton on Fox News Channel’s The Next Revolution With Steve Hilton about the Reforming American Immigration for a Strong Economy (RAISE) Act and why it should be included in any solution to fix our country’s immigration problems.

Getting Back On Track: “Our immigration system has gotten off track in the last 50 years. We’ve looked at best practices around the world to see what can we do to address the issue. We found Australia and Canada that both have a system that’s pro-worker, it’s pro-growth and proven to work.”

Needs Of Our Economy: “This is based on a democratic idea in the early 90s under former Presidents Bill Clinton and George H.W. Bush. The bipartisan commission headed up by Congresswoman Barbara Jordan, a Democrat, came to the conclusion we need to move in the direction of a point system and bring in workers who are qualified for the needs of our economy.”

Bipartisan Solution: “I believe we’ll get bipartisan support on this bill because it’s so common sense. It is pro-job, pro-worker and pro-growth. It’s proven to work in Canada and Australia. This is not an experiment. We know this will work.”

Leveling The Playing Field: “What we have now is a competition for labor around the world and for technical workers. This gives us a little more level playing field.”

Measured Approach: “A lot of people who immigrate here get trapped because they’re not qualified for the jobs that are available. About half of all immigrant households in America are in our welfare system. Nobody wants that for them. This is a way to try to protect both them, and the other workers that are coming in.”

Growing The Economy: “One of the ways you defend yourself is by having the best and the brightest talent in the world. That helped create this economic miracle over the last 70 years. We have the most qualified people in the world. Look at our nuclear capability today. It came from immigrants. Why wouldn’t we want to welcome those people?”

Senator David Perdue On The Signing Of Major Defense Bill Into Law

State & National

Senator David Perdue On The Signing Of Major Defense Bill Into Law

“President Trump is strengthening our military by ensuring our troops have the resources they need”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Senate Armed Services Committee, commented on President Trump’s signing of the National Defense Authorization Act (NDAA) into law today, which includes 30 of Senator Perdue’s priorities:

“One of six reasons why 13 colonies came together in the first place was to provide for the national defense. President Trump has shown he is committed to carrying out this responsibility as our country’s commander in chief. By signing this defense bill into law today, President Trump is strengthening our military by approving a well-deserved pay raise for our troops and ensuring they have the resources they need. I am proud to have worked on the negotiating team that finalized this bill, which includes many priorities important to our national security and Georgia’s military community.”

Senator David Perdue Holds Farm Bill Round Table Discussion

State & National

Senator David Perdue Holds Farm Bill Round Table Discussion

ATLANTA, GA – U.S. Senator David Perdue (R-GA) last week held a round table discussion about the upcoming farm bill with Georgia farmers and industry leaders.

“Agriculture is one of Georgia’s largest economic drivers and a way of life for many people in our state. I saw this firsthand while working on my family’s farm as a teenager,” said Senator Perdue. “It was great to hear from Georgia farmers and industry leaders about their priorities for the upcoming farm bill since this legislation impacts them directly. Their input is critical as we work toward developing a farm bill that will contribute to a safer, stronger, and more abundant agricultural industry.”

Senator David Perdue Discusses President Trump’s Asia Trip On CNN

State & National

Senator David Perdue Discusses President Trump’s Asia Trip On CNN

“President Trump has developed a consensus of support on North Korea and opening doors for a non-kinetic solution. We have to find a way to get through here.”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Senate Armed Services Committee, spoke with Alisyn Camerota on CNN’s New Day about the recent tragedy in Sutherland Springs, Texas, and President Trump’s trip to Asia aimed at strengthening partnerships with these countries to denuclearize North Korea.

 

Answers From Air Force: “Our thoughts and prayers go out to the families in Texas, like they did in Nevada and earlier events. We want some answers. I agree with Senator McCain. We ought to find out what happened in the Air Force and why this information was not fed into the database. There are things we need to know and learn from.”

Non-Kinetic Solutions: “First of all this is a President engaging with the rest of the world after eight years of disengagement. He has developed a consensus of support on North Korea and opening doors for a non-kinetic solution. We have to find a way to get through here.”

Direct Talks With North Korea: “President Trump has intimated both publicly and privately that this would be in the cards. I’m convinced, though, that this is in the best interest of China and the United States to get together and find a common solution. I’m also excited that President Trump is intimating that he wants to talk to President Putin about this as well. Russia plays a major part in this.”

Senator David Perdue Talks Tax On CNBC

State & National

Senator David Perdue Talks Tax On CNBC

“The only reason we’re doing the budget like this, 18 days after the beginning of our fiscal year, is to get tax done this year.”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Joe Kernen on CNBC’s Squawk Box about why the budget process is a sham and should be viewed as merely a way to fix our tax code this year.

A Total Sham: “Let’s be very clear. This budget is a sham. It’s a fraud that’s been perpetrated for the last 43 years since the Budget Act of 1974. The only reason we’re doing the budget like this, 18 days after the beginning of our fiscal year, is to get to a vehicle to get tax done this year.”

Budget Is Not A Law: “This is a resolution. It has nothing to do with how we’ll fund the government. Congress already passed a short-term spending deal that got us past the end of the fiscal year. Sometime between now and December 8th, six people will get in a room and decide how to spend over $1 trillion, and the rest of us will get an up or down vote on that.”

Getting To Tax: “I’m very confident we’ll get this budget done because the only reason we’re doing it this way is to get to the tax deal, which all of us are anxious to pass.”

Making America More Competitive: “Consumer confidence is at a 16-year high and over 800 regulations have already been reversed this year. Now we have the anticipation of passing this tax deal that will actually help our corporations and our workers become competitive with the rest of the world again.”

Funding The Military: “My argument is if you want to fund the military long-term, you better solve the debt crisis. To solve the debt crisis, we have to get after our budget process. If you really want to solve our funding issues, you better get the economy going, and the economy will move if we get this tax deal done. It’s just as simple as that.”

Helping American Workers: “We’ve got to lower the corporate tax rate, which is an onerous tax on American workers. It puts our workers at a disadvantage with the rest of the world. In 1986, the last time Congress took any measured change in the tax law, we had one of the lowest corporate tax rates in the world. Today we have the highest in the OECD. We are also one of the last countries to have a repatriation tax. There are also some $2 trillion of U.S. profits stuck overseas. Fixing those things alone will stimulate this economy.”

Senator David Perdue: “We Need A Sense Of Urgency Like Never Before”

Politics, State & National

Senator David Perdue: “We Need A Sense Of Urgency Like Never Before”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke on the Senate floor about President Trump’s tax framework and why we must change the tax code this year.

Delivering For American Workers: “I’ve lived around the world. I’ve run businesses. I started my career working on an hourly wage in construction. I understand that America, and I can say this with authority, has some of the best workers anywhere in the world and in the history of the world. On the back of that, we have innovation, capital formation, and the rule of law. That’s what has created this economic miracle over the last 70 years, but we’ve taken it for granted.”

Leveling The Playing Field: “Today we absolutely have the highest corporate tax rate in the world. We’re one of the last major OECD countries to actually still have a tax on repatriated earnings.”

Protecting American Jobs: “If our corporate rate today was just 20 percent, over 4,700 companies that have been purchased over the last 12 years would still be in the United States. I think that is tantamount to a marching order for us here in the Senate to make this change.”

Can’t Wait Any Longer: “Nearly every CEO surveyed by the Business Roundtable said that delays on tax would damage our economy.”

No Washington Excuses: “We can’t get bogged down in the scoring and financial modeling that is only done this way in Washington. People back home don’t run their small businesses this way. They don’t run big businesses this way, and they sure don’t run their personal finances this way.”

Only Score That Matters: “We can’t get wrapped up in the bad numbers and bad timing coming from the Congressional Budget Office. The only score that matters to me is GDP growth and the jobs it creates.”

Time To Act Now: “The reason we want this tax code changed is to put people back to work and change lives here in America. The long-term benefit of this gives us more flexibility and more capital with which to solve this debt crisis. Growing the economy alone will not fix this debt crisis and we will not fix the debt crisis unless and until we fix this tax code. We need to have a sense of urgency like never before in order get this done this year.”

Senator David Perdue Addresses Peace Officers Association Of Georgia

State & National

Governor Signs House Bill 146 in Gilmer Fire Station

News
Nathan Deal Signing Bill 146

Georgia Governor Nathan Deal visited Fire House 1 in Gilmer County Thursday to officially sign House Bill 146 known as the “Firefigher’s Cancer Insurance Bill.”

Micah Gravley - District 67 RepresentativeJoined by several officials including Georgia House Speaker David Ralston and Senator Steve Gooch, author of the bill Micah Gravley, District 67 Representative, opened the ceremony by speaking about the two year effort to bring the bill to this point. Gravley related his interactions with two firefighters, Frank Martinez and Brian Scutter, who he said were the honor of the Bill as they fought for and spoke with legislators to get the bill passed, as well as the appropriateness to have the signing in Scutter’s home station in Gilmer County. Scutter was also mentioned by Speaker Ralston who said he had made a promise to Brian that he would give all that was in him to bring this day about. Turning to face Scutter, Ralston said, “I kept my promise.”

Governor Nathan Deal, who originally vetoed last year’s Bill 216 called the new House Bill 146 an “innovative and great solution to the situation.” Deal said the Bill provides relief for firefighters by providing a different method for compensation and money for treatment and care for firefighters who contract cancers during their work. Gravley thanked the Governor for his support of, as he called it, a “better bill.”

Speaker David Ralston - House Bill 146The sentiment was echoed by Speaker Ralston who said, “We have arrived at a better solution. By requiring a local government to provide insurance to our firefighters for certain types of cancer, the firefighter can skip the process of litigating a worker’s comp claim. This will allow the firefighter to focus on getting better and recovery rather than having to worry about legal bills and depositions and hearings.”

FYN caught up with Speaker Ralston and Governor Deal to ask them to elaborate on why the bill is better, comparative to last years Bill 216. The Speaker replied saying, “This uses a Health Insurance Model as opposed to a Workman’s Comp model which means instead of having to make a claim and perhaps go through a court type process to get benefits and income, Firefighters in this case will file a claim just like health insurance.”

Governor Nathan Deal - House Bill 146Governor Deal also spoke on the insurance versus workman’s comp comparison saying it was an awkward and “adversarial way of deciding whether or not compensation is owed.” Deal went on to say the newer Bill is a much better solution “to provide insurance coverage that will define benefits and give some flexibility as to deciding the compensation that will be given to firefighters.”

More than Senators and Congressman came to see Deal sign the Bill, though. Several representatives from neighboring and local emergency services attended the event including Gilmer’s own Director of Public Safety Tony Pritchett who said the Bill “gives you a sense of protection… You can lay your head down and sleep better at night knowing that if you contract cancer because of the job, there’s some protection that will take care of you and your family.”

 

For more on the Signing of House Bill 146 watch the full ceremony below or find more Photos in our Album:

Dalton GOP Sen. Payne Faces Primary Challenger From His Right

Opinion

Collins Bill to Honor Fallen Marine Sent to President’s Desk

Community, News, State & National

COLLINS BILL TO HONOR FALLEN CLERMONT MARINE SENT TO PRESIDENT’S DESK

WASHINGTON—The Senate last night voted unanimously to pass H.R. 3821, legislation to rename Georgia’s Clermont Post Office in honor of Zack T. Addington. Rep. Doug Collins (R-Ga.) introduced the bill this September, and it passed the House in November.

“Lance Corporal Zack Addington represents the selfless courage that’s cultivated in northeast Georgia, and I’m excited to see this bill leave Congress and head to the president’s desk for his signature,” said Collins.

Collins also honored Addington when he spoke about the bill on the House floor.

Background:

Known to his neighbors as Zack, Addington joined the United States Marine Corps in 1967. A native of Clermont, he became a rifleman in the 3rd Marine Division of the Fleet Marine Force and deployed to Vietnam that year. Addington was promoted to Lance Corporal and served his country honorably until he was killed in action in May 1968.

That June, Addington received the Purple Heart, National Defense Service Medal, Vietnam Service Medal and Republic of Vietnam Campaign Ribbon in recognition of his service there.

Senator David Perdue Recaps This Year’s Results, Previews 2018 on Fox News

State & National

Senator David Perdue Recaps This Year’s Results, Previews 2018 on Fox News

 

ATLANTA, GA – U.S. Senator David Perdue (R-GA) spoke with Mike Emanuel on Fox News’ Special Report about President Trump’s significant accomplishments during his first year in office and the priorities heading into 2018.

Delivering Results: “President Trump laid out four agenda items this year. We accomplished most of them. President Trump wants to continue to get results. The economy is going to move now that we started regulatory work and with the tax bill we just passed.”

Early Success: “The President is working diligently to get ready for 2018, but he is very happy with the results of 2017. His first year in office we saw 2 million new jobs created, 860 rules and regulations being reversed, illegal crossings down 60%, 500 people have been fired at the Veterans Administration for non-performance. The President is very excited about the future of our country now that we’re moving to get the economy going again.”

Business Focus: “We have a business guy in the White House for a change. He is moving at a business place, not a bureaucratic pace. Look, 2018 is an election year, but we have different leadership in the White House. He is not going to waive off his priorities for an election process.”

Immigration Solution: “President Trump, Senator Tom Cotton, and I have been consistently saying that any solution for DACA has to include an end to this archaic chain migration and money for border security and the wall at our southern border.”

Helping American Workers: “That’s what’s wrong with Washington, career politicians don’t understand how the free enterprise system works. The best thing we can do for the American worker, the American consumer, for anyone who works in America is to help our businesses, large and small, become competitive again with the rest of the world.”

Breaking The Gridlock: “The problem in Washington is gridlock. The minority party is causing that right now, but there are signs of encouragement. Frankly, the immigration issue is one that should have a bipartisan solution. We believe we can do that early in the new year. The President is going to keep focused on that as we get back to work next week.”

Senator David Perdue Discusses Historic Tax Cuts On CNBC

State & National

Senator David Perdue Discusses Historic Tax Cuts On CNBC 

“The person who is going to benefit the most in this tax plan is the person that gets a job”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Joe Kernen, Becky Quick, and Andrew Sorkin on CNBC’s Squawk Box about the historic action the U.S. Senate has taken to fix the tax code, help middle-class families, and make America more competitive again.

Historic Opportunity: “It’s a historic day in Washington. People are expecting us to get tax done, and I think we will.”

Simplifying The Code: “This is a simplification. Only 30% of taxpayers today itemize, and that’s projected to go down to 10%. To say it another way, 90% of all taxpayers will use the standard deduction, which was doubled in this plan. This is by any definition simplification.”

Growing Optimism: “Getting our corporate rate to be competitive with the rest of the world is the best thing we can do for the American worker, and I think that’s what you’re seeing in some of these optimism numbers now.”

Relief For The Middle Class: “This is indeed a tax cut for the middle class. A family of four, who make the median income of $73,000, are going to get a 60% tax cut. A single mom, with one child, making $41,000 is going to get a 75% tax cut.”

Making America Competitive: “Our focus here is to get competitive again, and the person who is going to benefit the most in this tax plan, is the person that gets a job.”

Fact vs. Fiction: Senator Perdue Lays Out The Facts About Tax On Fox News

State & National

Fact vs. Fiction: Senator Perdue Lays Out The Facts About Tax On Fox News

 

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) spoke with Shannon Bream on Fox News @ Night to clear up the misinformation about the U.S. Senate’s plan to fix the tax code, help middle-class families, and make America more competitive again.

 

Fiction: The GOP tax plan will add $1 trillion to the national debt.

Fact“I am more optimistic that this plan is going to ignite our economy. President Trump said job one was getting our economy going again. We pulled back on regulations, unleashed our energy potential, and now we have an historic opportunity to change the tax code and make American companies and workers competitive again with the rest of the world.”

Fiction: This tax plan is only going to help the wealthy and hurt lower and middle-income Americans.

Fact“Real Americans are going to benefit from this. A family of four, making the median income of $73,000 a year, will have their taxes cut almost 60%. A single mom with one child, making $41,000 a year, which is the median income for a single worker, will get a 75% tax cut. More importantly, between 3-6 million people are estimated to have their taxes go to zero. The greatest beneficiary of this plan is the person who will get a job because the economy is going to be ignited.”

Fiction: There has been no transparency to this process. The entire process was hidden from the American people and pushed through at the last minute.

Fact“Over the last few years, there have been over 70 open hearings in the Senate about changing the tax code. This has been a fully transparent process. I hear the rhetoric from the other side. This is all coming from the side who a few years ago had then-Speaker Pelosi say ‘you’ve got to pass the bill to see what’s in it.’ This has been an open process the entire time. This is regular order. It went through committee, where we had amendments offered. We’ll have amendments added to it tonight. All of this has been done in the light of day.”

Fiction: The tax plan will generate very little economic growth.  

Fact“President Trump has really pushed us to make sure this plan will make American businesses grow. I believe we have accomplished that. Today, we have the highest corporate tax rate in the world, and the corporate tax rate is a huge penalty on the American worker. I know because I’ve lived in Asia and worked all over the world. We are now going to become more competitive with the rest of the world.”

Senator David Perdue: Historic Opportunity To Fix Tax Code

State & National

Senator David Perdue: Historic Opportunity To Fix Tax Code

Providing relief for American workers, growing our economy, & making us more competitive

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joined Senate Republicans, Senior Trump Administration officials, and grassroots leaders for an event to highlight the importance of changing our tax code this year to provide relief for American workers, grow the economy, and make U.S. businesses more competitive.

Highlights:

U.S. Senator David Perdue: “We have an opportunity to deliver results and fundamentally change this tax code for the first time since 1986. We know that Washington needs a sense of urgency. President Trump has called us to action. He is moving at a business pace, not a bureaucratic pace. He wants us to pass the House and Senate bill by Thanksgiving, and that he wants it on his desk by Christmas. This is totally possible in our opinion. The House has made a great effort to start this process. It’s a great starting point, providing relief for American workers, growing our economy, and making us more competitive with the rest of the world.”

Secretary Steven Mnuchin, U.S. Treasury: “Nothing is more important to the President’s economic agenda than tax reform and tax cuts. I have appreciated the opportunity to work with members of the Senate and the House since the beginning of the year on this. We couldn’t be more excited about where we are. This is about making America competitive again.”

Kellyanne Conway, Counselor to President Trump: “We’re also trying to help the job holders which represent the vast majority of American households. When my grandfather had a job, when your grandfather had a job, the job was enough to support the whole family. Now we have households that have two and three jobs. Some are not worried about losing a job or replacing a lost job, but they have no idea why the job is no longer enough. Why are they white-knuckled at the end of each month to pay their rent, their mortgage, the tuition, or the student loan voucher payment? We want to give them the much needed relief that they deserve.”

Grover Norquist, President of Americans for Tax Reform: “We look at the tax code and we start taking out stupid. China is at a 25% tax on businesses, we’re at 35%. Stupid. Let’s not be there. We have a lot of American earnings stuck overseas because our tax code doesn’t let it come back to the country without punitive taxes. Stupid. Let’s end that, and allow people to bring money here to create jobs and opportunities in factories here in the United States.”

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