Economy and Jobs
“As a member of the House Ways and Means Committee, I am working to cut taxes, bolster our trade agreements, and advance pro-growth policies. I will always advocate for legislation that supports workers, families, farms, and small businesses across West Tennessee.” – Congressman David Kustoff
More on Economy and Jobs
WASHINGTON, DC—Today, Congressman David Kustoff (TN-08) voted against Speaker Pelosi and House Democrats' budget resolution. This resolution would fast-track the process to enact President Joe Biden's costly $3.5 trillion spending bill. This is the first step in the Democrats' plan to continue spending money and raising taxes on American families across the country.
WASHINGTON, DC—Today, Congressman David Kustoff (TN-08) co-sponsored the Entrepreneurs Need Timely Replenishment for Eating Establishments (ENTRÉE) Act. This bill will provide $60 billion to the U.S. Small Business Administration (SBA) Restaurant Revitalization Fund (RRF) by repurposing unused money from President Biden's American Rescue Plan. It would also require all applications to be received, reviewed, processed, and disbursed on a first come, first serve basis.
Washington, D.C. – Today, U.S. Representative David Kustoff (TN-08) announced $11,755,000 in grants and loans from The United States Department of Agriculture's (USDA) Community Facilities Program. This funding will go towards rural development in the City of Trenton, Town of Alamo, and City of Covington.
WASHINGTON, DC—Today, Congressman David Kustoff (TN-08) announced he is a co-sponsor of H.R. 2954, the Securing a Strong Retirement Act of 2021 (SECURE Act 2.0). This bill expands automatic enrollment into workplace retirement plans, creates a new financial incentive for small businesses to offer retirement plans, and raises the required minimum distribution age from 72 to 75.
WASHINGTON, DC—Congressman David Kustoff (TN-08) signed on to the Combatting COVID Unemployment Fraud Act of 2021 (HR 3268). This bill aims to prevent fraud in COVID-19 unemployment programs, recover fraudulently paid benefits, and provide relief for taxpayers and victims of unemployment fraud.
Top officials at the Labor Department estimate that at least $63 billion, and as much as $89 billion, in unemployment benefits have been improperly paid since March 2020, largely due to fraud. The true amount is unknown.
WASHINGTON, DC—Today, Congressman David Kustoff (TN-08) joined Congresswoman Kat Cammack (FL-03) in introducing the Gigabit Opportunity (GO) Act. The bill acknowledges the importance of high-speed internet to the 21st century economy and encourages private investment in broadband service through targeted tax incentives in areas that still lack access.
WASHINGTON, DC— Congressman David Kustoff (TN-08), co-sponsored the Reopening America by Supporting Workers and Businesses Act of 2021. This bill will help local West Tennessee businesses rebuild their workforce quickly by turning enhanced unemployment benefits into a back-to-work bonus.
WASHINGTON, DC— Today, Congressman David Kustoff (TN-08), along with Congressman Rick Crawford (AR-01), introduced the Paving the Way for Rural Communities Act of 2021. This legislation will make it easier to repair America's roads and bridges by removing burdensome government regulations that are adversely targeted towards rural areas.
WASHINGTON, DC— Today, Congressman David Kustoff, member of the House Financial Services Committee, introduced the Ginnie Mae Oversight and Accountability Act. This legislation requires the President of the Government National Mortgage Association (Ginnie Mae) to testify annually before the House Committee on Financial Services and the Senate Banking, Housing, and Urban Affairs Committee. Ginnie Mae is the primary financing mechanism for all government-insured or government-guaranteed mortgage loans.
WASHINGTON, DC— Today, Congressman David Kustoff (TN-08) voted against the $1.9 trillion COVID-19 spending bill. In this costly package, only 9% of funding is used on public health to defeat COVID-19 and more than $700 billion will not be spent until 2022 or later. The House voted on the final passage of this bill today after it passed in the Senate this weekend on a party line vote.