Foxx Votes to Help Keep Electricity Affordable

Foxx Votes to Help Keep Electricity Affordable

June 29, 2015

CLEMMONS – Today Congresswoman Virginia Foxx voted in favor of bipartisan legislation designed to help keep electricity prices affordable for businesses and families.

“The EPA is out of touch with the energy needs of Americans, and its unelected bureaucrats too often make decisions without consideration for how those choices will affect people’s daily lives. The ‘Clean Power Plan’ rule is yet another example of the EPA’s regulatory overreach,” said Foxx. “The Ratepayer Protection Act puts electric generation back in the hands of states. Instead of overregulating energy production, we need to focus on advancing policies that allow us to utilize our innovative culture to develop new sources of energy and create jobs here at home.”

The Environmental Protection Agency (EPA) proposed carbon pollution standards for existing power plants in 2014, referred to by the agency as the “Clean Power Plan.” In the rule, EPA interprets a rarely invoked provision of the Clean Air Act, section 111(d), to allow the agency to set mandatory carbon dioxide “goals” for each state’s electricity system. State governors, regulators and other stakeholders have submitted extensive comments raising concerns about the rule.

The Ratepayer Protection Act (H.R. 2042), would allow for timely judicial review of the “Clean Power Plan” standards before states would be required to comply with the rule as well as ensure a state would not be forced to implement a plan that would have a significant adverse effect on its ratepayers. It passed the House by a vote of 247-180.

Foxx Votes to Repeal Medical Device Tax

Foxx Votes to Repeal Medical Device Tax

CLEMMONS – Today Congresswoman Virginia Foxx voted in favor of legislation that would permanently repeal Obamacare’s 2.3 percent excise tax on medical devices.

“When the Democrat-controlled Congress rammed the so-called Affordable Care Act through this chamber, I joined my Republican colleagues in expressing our grave concerns over the effects of the law’s tax increases. Specifically, we warned that the excise tax on medical devices would hinder innovation as well as restrict growth and job creation in an industry that has improved the quality of life of millions around the world,” said Foxx during a speech on the House floor. “And just as we cautioned, this tax on devices that restore mobility, keep hearts in rhythm and help doctors diagnose life-threatening diseases earlier than ever before has cost us local jobs and reduced research capabilities. This tax must be repealed and its harmful effects undone.”

During her remarks, Foxx cited the example of Cook Medical, which employs 600 people in Winston-Salem, N.C., where the company focuses on endoscopy medicine. Since the medical device tax was levied in 2013, Cook Medical has paid roughly $13 million annually, which amounts to an increase of more than a 30 percent in their taxes. As a result of the tax, the company was forced to pull back on plans to expand operations in the United States, including those located in Winston-Salem.

H.R. 160, the Protect Medical Innovation Act, passed the House by a vote of 280-140.

Foxx Votes to Make R&D Tax Credit Permanent

Foxx Votes to Make R&D Tax Credit Permanent

CLEMMONS – Today Congresswoman Virginia Foxx voted for legislation that would make permanent and simplify the research and development tax credit.

“For over 30 years, companies large and small have taken advantage of the R&D tax credit to foster innovation and keep America competitive. However, the uncertainty surrounding the credit’s annual extension has ultimately restricted the amount of research and development that companies undertake,” said Foxx “This legislation gives businesses the certainty they need to make long-term investment decisions and keeps North Carolina employers competitive in the global marketplace.”

The American Research and Competitiveness Act of 2015 (H.R. 880), passed the House by a vote of 274-145.