
Jobs, Economy and Fiscal Responsibility
One of the most important challenges we face as a nation is reducing our deficit and debt and making the right kind of pro-growth legal, tax and regulatory reforms that will create good jobs and opportunities for all Americans.
For too long, the federal government has stood as an obstacle to business. Government doesn’t create jobs and economic growth; people do. The role of government is to remove obstacles and create a positive business climate to spur job creation and economic growth, as we have in North Dakota. If we empower the private sector to invest, innovate and create jobs, we will build a higher standard of living for our citizens.
Building a good business climate means:
- Reducing our debt and deficit
- Reducing the tax burden;
- Simplifying the tax code;
- Freeing the economy from unnecessary regulations;
- Lowering energy costs;
- Encouraging entrepreneurial investment;
- Developing new technologies; and,
- Establishing a strong financial position for the country, so that we don't burden future generations with unsustainable debt.
Another benefit of a strong business climate is that it will increase revenues to reduce our debt and deficit the right way – by growing our economy rather than raising taxes. In addition to growing the economy, we also need to reduce spending. We cannot borrow our way to prosperity.
While there is still more work to be done, we have achieved some progress in recent years. I have worked to support measures that will put our nation on a path to a balanced budget, such as the Budget Control Act (BCA) of 2011. As a result of these efforts, we have reduced the nation’s deficit by more than 60 percent, from a high of $1.4 trillion in 2009 to $534 billion in 2016.
I will continue my work to find real savings to reduce our debt and deficit. I believe that if we work with good will in a bipartisan way, we can put our economy back on track, create jobs and raise our standard of living and quality of life.
Latest
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02.05.19
Hoeven Statement after President Trump Delivers 2019 State of the Union
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01.28.19
Hoeven Helps Reintroduce Legislation to Repeal Death Tax
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01.16.19
Hoeven, Wyden Reintroduce Legislation to Spur Investment in Nation’s Infrastructure
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01.15.19
Hoeven: USTR Commits to Provide Exclusion Process Should Chinese Tariffs Increase
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11.30.18
Hoeven Holds Roundtable with USPTO Director, Local Researchers & Business Leaders to Discuss Securing Intellectual Property, Opportunities in Tech Development
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11.30.18
Hoeven Outlines Latest Developments Towards Growing North Dakota’s Tech Sector
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11.27.18
Hoeven Announces Agenda for 2018 State of Technology Conference
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11.21.18
Hoeven: Tax & Regulatory Relief Are Helping Spur Economic Development
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10.16.18
Hoeven: SBA Administrator Linda McMahon to Keynote 2018 State of Technology Conference
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10.01.18
Hoeven Statement on U.S. Reaching Deal on NAFTA Renegotiation
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08.10.18
Hoeven Outlines Efforts to Support Startups and Grow North Dakota’s Tech Sector at Watford City Entrepreneurial Summit
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08.06.18
Hoeven Outlines Benefits of Tax & Regulatory Relief, Efforts to Advance Infrastructure Development
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07.25.18
Hoeven Statement on Trade Announcement with European Union
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07.03.18
Hoeven: USDA Approves $4 Million in Low-Interest Loans to Support Rural Business Development in North Dakota
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06.20.18
Hoeven Presses for Positive Trade Resolution at Meeting with President
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06.20.18
Hoeven Marks Sixth-Month Anniversary of Tax Cuts and Jobs Act Passage
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06.18.18
Hoeven Statement on Trade
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05.22.18
Congress Passes Consumer Protection, Regulatory Relief Legislation with Hoeven-Cosponsored Provisions to Prevent Fraud, Streamline Rural Home Appraisals.
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05.10.18
Hoeven Announces $280,000 in Funding to Support Veteran Small Business Owners
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05.01.18
Hoeven Outlines Benefits of Tax Relief, Discusses Housing Industry Priorities with North Dakota Builders
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04.18.18
Senate Passes Hoeven-Cosponsored Resolution to Repeal CFPB Auto Lender Rule
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03.27.18
Hoeven Outlines Tax Relief Benefits for Small Businesses, Farmers, Ranchers and Workers
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03.23.18
Hoeven: Funding Bill Rebuilds Military, Invests in Nation's Infrastructure and Supports ND Priorities
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03.14.18
Hoeven: Senate Passes Legislation Providing Enhanced Consumer Protections, Regulatory Relief for Community Banks & Credit Unions
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01.02.18
Hoeven Highlights Tax Relief with Local Small Business Owner, Veteran, Part-Time Worker & Ag Producer
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11.20.17
Hoeven Holds Tax Reform Roundtable with Bismarck Small Businesses
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11.15.17
Hoeven Meets with Treasury Secretary Mnuchin to Continue Efforts to Pass Tax Relief for Hardworking North Dakotans, Small Businesses, Farmers and Ranchers
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11.09.17
Hoeven: Senate Tax Relief Plan Enables Working Families to Keep More of Their Paycheck; Supports Small Businesses, Farmers and Ranchers
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11.07.17
Hoeven: Tax Relief Will Enable Working Families to Keep More of Their Paycheck, Empower Small Businesses
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10.26.17
Hoeven: Empower Small Businesses to Invest and Grow Through Tax Relief
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10.19.17
Hoeven: Senate Passes FY18 Budget Resolution, Required First Step to Provide Tax Relief for Hardworking Americans
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10.10.17
Hoeven Brings Together Grand Forks Small Bsuinesses to Outline Tax Reform Priorities
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10.05.17
Hoeven Outlines Importance of Tax Relief for North Dakota Small Businesses, Farmers and Ranchers on Senate Floor
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08.16.17
Hoeven Hosts Seventh Annual State of Technology Conference, Continues Advancing New Connections to Spark Innovation in North Dakota's Tech Sector
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08.11.17
Hoeven Announces Agenda for 2017 State of Technology Conference
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07.31.17
Hoeven Announces $100,000 Grant for NDSU Research & Technology Park to Promote Economic Development
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05.23.17
Hoeven: President's Budget Proposal Provides Strong Support for Military But Does Not Adequately Support Agriculture
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05.11.17
Hoeven Statement on Confirmation of Robert Lighthizer as U.S. Trade Representative
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05.04.17
Hoeven: Funding Bill Keeps Americans Safe, Supports ND Priorities
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04.18.17
Hoeven Outlines Work to Provide Regulatory Relief, Build Pro-Business Climate at Bismarck-Mandan Chamber of Commerce Roundtable
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03.10.17
Hoeven Joins Senator Lankford in Introducing Small Business Regulatory Relief Bill
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02.28.17
Hoeven Statement on the Confirmation of Wilbur Ross as Commerce Secretary
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02.21.17
Hoeven Working to Reduce Regulatory Burden, Support Ag and Energy Industries
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01.31.17
Hoeven: President's Order Helps Reduce Regulatory Burden, Dovetails with Congressional Efforts
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11.23.16
Hoeven Joins 1 Million Cups to Highlight Success of Local Entrepreneurs, Economic Growth