Ridgewood NJ, In case you missed it, earlier this week Rep. Scott Garrett asked Fed Chair Janet Yellen why the Fed of pursues policies that help the rich at the expense of the poor. Garrett schooled Fed Chair Yellen on the damaging impact her policies have had on the middle class in this country . Garret said the net effect of Fed and administration policy has been to widen income inequality.
In this clip Garrett turns the Fed’s own language against itself and details how Fed policies have hurt African America’s and other minority groups , as well as the middle class .
Reps. Garrett (NJ) and Foster (IL) Offer Amendment to Relieve “Payer States” like New Jersey
May 26, 2016
the staff of the Ridgewood blog
Ridgewood NJ, Reps. Scott Garrett (NJ-05) and Bill Foster (IL-11) introduced an amendment to H.R. 5055, the Energy and Water Appropriations Bill, that would stop “payer states” like Illinois and New Jersey from giving more money to smaller “taker states” by eliminating an out-of-date government program.
Every year, hundreds of billions of dollars is transferred out of “payer states” (those that pay more in federal taxes than they receive back in federal spending ), into “taker states” (those that receive more federal spending than they pay in taxes). One of the worst offenders of this redistribution is the National Science Foundation (NSF) Experimental Program to Stimulate Competitive Research (EPSCoR), which is special federal research spending that goes almost exclusively to small states that already receive far more federal spending than they pay in taxes.
“For too long, politicians have advocated for an ever-expanding federal government, confiscating more and more money from hard-working families in payer states like New Jersey,” said Garrett. “And what does this mean for these families? It means that they will continue to subsidize the countless ineffective, wasteful redistributive programs like the NSF EPSCoR. The people of New Jersey deserve to have their tax dollars spent in their state, not sent to Washington to be diverted and wasted by unelected bureaucrats, and the Foster-Garrett amendment would relieve the taxpayers of this burden.”
EPSCoR was first authorized by Congress in 1978 with goal of redistributing federal research dollars into states that did not get their “fair share” of research dollars. However, because the “fair share” was determined on a per-state basis rather than a per-capita basis, it has devolved into another program that steers money into states that already get more than their fair share of federal spending.
What was intended to be temporary assistance to a select group of states to build their research infrastructure and then exit the program has become a permanent and growing pot of taxpayer subsidies. Eligibility to participate in NSF EPSCoR opportunities is based solely on whether or not a state has received less than 0.75% of NSF research funding in the previous three years. This means that the EPSCoR opportunities are based solely on whether or not a state has received less than 0.75% of NSF research funding in the previous three years.
The Foster-Garrett Amendment would eliminate this program so more money can stay in the pockets of New Jersey families.
Ridgewood NJ, Rep. Scott Garrett (NJ-05) welcomed Maryana Stern to be his shadow for a day as part of the fifth annual “Congressional Foster Youth Shadow Day.” Nearly 100 foster youth and alumni from across the country travelled to Capitol Hill to accompany members of Congress to work and get a behind-the-scenes look at the House of Representatives.
“It was a pleasure to have Maryana shadow me this morning on Capitol Hill,” said Garrett. “She is an ambitious young woman who has overcome a lot, and it was great to show her around Congress and discuss issues that affect foster youth across the country. As a member of the Congressional Caucus on Foster Youth, I know it’s important to ensure that our nation’s foster youth have the opportunities and support they need to succeed.”
In addition to shadowing Rep. Garrett, Maryana attended a lunch where members speak about the work Congress is doing to support foster youth. Rep. Garrett is a member of the Congressional Caucus on Foster Youth. This bipartisan caucus unites over 160 Members of Congress to examine the challenges facing all foster youth and develop policy initiatives
BY HERB JACKSON
WASHINGTON CORRESPONDENT |
THE RECORD
U.S. Rep. Scott Garrett said Wednesday that his position on gay candidates running for Congress is being distorted by his political opponents, and that the media are letting it happen.
In an interview in his Washington office, Garrett said he was not, as some critics have said, opposed to gay people seeking office. That is “everyone’s right,” he said.
Rep. Garrett tours key railroad tracks and infrastructure carrying crude oil through NJ-05 in Haworth (left) and Harrington Park (right) with local officials.
Nov 10, 2015
the staff of the Ridgewood blog
Harrington Park NJ, Rep. Scott Garrett (NJ-05) toured key railroad tracks and infrastructure carrying crude oil through NJ-05 in Haworth and Harrington Park with local officials. The tour allowed Congressman Garrett to see first-hand the measures being taken to prevent an environmental disaster and listen to the concerns of local elected officials about rail safety.
“The safety and security of northern New Jersey is my top priority, and it’s important that everyone knows that my office is a resource for the towns in my district,” said Garrett. “We need to ensure an open line of communication exists between local officials, the rail industry, federal officials, and New Jersey residents, and that’s why I’ve demanded answers from federal agencies such as the FRA, the DOT, and the OMB. I will continue to work with the mayors to guarantee the safety of our communities.”
Background:
With an increased number of trains carrying crude oil throughout the country, the safety and reliability of the train tracks and infrastructure carrying this oil through New Jersey is a top priority for Congressman Garrett. This year, he has called on the Department of Transportation (DOT) and OMB to finalize a rule about the safety of DOT-111 tank cars that carry crude oil, introduced an amendment to increase funding to rail safety and operations, and requested information from the Federal Railroad Administration about safety reports.
Rep. Garrett Says Freddie Mac’s Third Quarter Losses is back to business as usual
Nov 3, 2015
the staff of the Ridgewood blog
WASHINGTON, D.C. – Rep. Scott Garrett, Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement after Freddie Mac posted a third quarter loss of nearly half a billion dollars:
“We’re back to business as usual at mortgage giant Freddie Mac. Its third quarter losses are a harsh reminder of the not so distant past where its monumental failures cost hardworking American taxpayers untold billions of dollars. It’s not fair to expose American families to Fannie and Freddie’s liabilities, and it’s not fair to reward executives at these government-sponsored enterprises with huge salaries while taxpayers are on the hook for more bailouts. We need to stop the bailouts and limit executive pay as long as Fannie and Freddie’s misguided leadership continues to cost Americans money.”
“How does the SEC expect average Americans to take the time to make thoughtful financial investments when the average annual report from public companies is a whopping 42,000 words long? Later today, the House will take up my bill to make SEC filings simpler and more useful for average Main Street investors. This will make it easier for everyone to reach their financial goals.” Rep. Scott Garrett
Sep 30, 2015
the staff of the Ridgewood blog
WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today voted for a number of bills before the Financial Services Committee to preserve the ability of American families to access credit and invest for their future:
“Around dinner tables throughout the country, middle and lower income American families discuss their retirement savings as they plan for the future. Unfortunately, many provisions of Dodd-Frank and proposed rules by the Obama Administration are putting more government, more red tape, and more bureaucracy between these people and their financial goals. Today our committee passed a number of bills—many with bipartisan support—to ensure that everyone can access credit, get good financial advice, and invest for retirement.”
The House Financial Services Committee passed the following bills today:
H.R. 414, the “Burdensome Data Collection Relief Act”
H.R. 957, the “Bureau of Consumer Financial Protection-Inspector General Reform Act of 2015”
H.R. 1090, the “Retail Investor Protection Act”
H.R. 1266, the “Financial Product Safety Commission Act of 2015”
H.R. 2769, the “Risk-Based Capital Study Act of 2015”
Rep. Scott Garrett in Ridgewood at Irene Habernickel Family Park
Rep. Garrett: Feds’ Resistance to Quarantines ‘Unbelievable’
Tuesday, 28 Oct 2014 07:01 PM
According to CBS poll, conducted Oct. 23-27, 80 percent of Americans support mandatory quarantines for U.S. citizens and legal residents arriving from West Africa. Just 17 percent said they believe those without symptoms should be allowed to move freely.
The federal government’s resistance to quarantining people who have returned to the United States after being in contact with Ebola patients is “unbelievable,” says Rep. Scott Garrett, chairman of the House Financial Services Committee.
“It’s all just amazing and unbelievable. Talk to anybody, to a proverbial man on the street, and they will say that it’s as simple as talking to a child. If you have somebody outside of your house that’s a threat to you, what do you do? You lock the front door,” Garrett, a New Jersey Republican, said Tuesday on “The Steve Malzberg Show” on Newsmax TV.
Rep. Garrett with Julia Perry, Antonio Nadera, Erin Novak and Shannon Casey, all students from the Fifth District who are taking classes and interning at various organizations in Washington, D.C. this semester. We had a lively discussion about issues facing young people in the U.S. and the experiences they’ve had here in our nation’s capital.
Rep. Garrett: America’s Current Economic Path is Unfair to Future Generations
Apr 1, 2014
Ridgewood NJ, Rep. Scott Garrett (R-NJ), senior member of the House Budget Committee and Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement regarding the introduction of the House Budget Committee’s Fiscal Year 2015 Budget Resolution:
“Our fiscal situation is dire. Each of our children and grandchildren are on the hook for nearly $56,000 of our $17.5 trillion dollar debt. It’s time for us to put an end to the overspending and borrowing of more and more money each year. Today, the House Budget Committee puts forth a budget that recognizes that the status quo is unacceptable and unsustainable. Rather than continuing on the road to debt and decline, we instead offer a path forward that focuses on economic growth, expands opportunity, and restores fairness. Years of foolish overspending have brought us to this point, but America’s current economic path is no laughing matter.”
