Economy & Jobs

Back to a Balanced Federal Budget

| Posted in In the News

The Republican Study Committee has done a great service by developing a serious proposal for getting to a federal balanced budget within seven years. You can read it yourself here. RSC Chairman Rep. Jim Banks of Indiana and RSC Budget and Spending Task Force Chairman Rep. Kevin Hern of Oklahoma led the effort which produced a solid beginning for a discussion of how to make balancing the budget a p...

Hern, RSC Release FY 2023 Budget, “Blueprint to Save America”

| Posted in Press Releases

Today, Representative Kevin Hern and the Republican Study Committee released its annual alternative budget for fiscal year 2023. The budget serves as a comprehensive blueprint for conservative governance and was produced by the RSC Budget and Spending Task Force. Rep. Kevin Hern (R-OK) currently chairs that task force. Over the past two years, thanks to the Biden administration and House Democrats...

Hearing Holds Social Security to Account for Customer Service Woes

| Posted in In the News

A key Congressional committee this week finally held a long-awaited hearing on customer service problems with the Social Security Administration (SSA). Republicans on the House Ways and Means Committee had been pushing for such a hearing for months, and on Tuesday, the Ways and Means subcommittee on Social Security convened it. “We are holding this important hearing today to spotlight and undersco...

As Social Security Customer Service Problems Persist, Congress Is Stepping In

| Posted in In the News

Ongoing customer service issues at the Social Security Administration have finally gotten bad enough that U.S. lawmakers decided to do something about it — but it might be a while before you see any significant improvements. Congress held a hearing on May 19 to identify ways to fix the SSA’s customer service fix problems, which mainly boil down to interminable wait times on the phone if you’re luc...

Congress seeks ways to reduce Social Security customer service delays

| Posted in In the News

Many people who have dialed the Social Security Administration’s toll-free number during the Covid-19 pandemic have faced long wait times. In an effort to alleviate the customer service issues, Congress this week held a hearing to identify ways in fix the problems. The issues are something leaders on both sides of the aisle are hearing from constituents about regularly, according to Tuesday’s test...

Members Of Oklahoma Congressional Delegation Speak On Record Inflation Numbers

| Posted in In the News

WASHINGTON - On the day that gas prices hit a new all-time high in the United States — $3.47 per gallon, according to AAA — President Biden acknowledged that families are hurting and said he wanted Americans to know that he is taking inflation very seriously. "I know that families all across America are hurting because of inflation," Biden said to reporters at the White House. "I come from a famil...

PODCAST: US Rep Hern

| Posted in In the News

US Congressman Kevin Hern called into our Bartlesville Radio Studios on Thursday for our monthly podcast. The Congressman first addressed how the U.S. economy’s GDP shrunk by 1.4% in the first quarter. According to Hern, in addition to other economic and inflationary pressures, diesel prices are now the highest they have ever been in America. Congressman Hern said the southern border crisis contin...

Hern leads bipartisan letter voicing concerns on Foreign Tax Credit regulations

| Posted in Press Releases

Representative Kevin Hern (OK-01) co-led a bipartisan letter with Democrat Rep. Brad Schneider (IL-10) and nine additional members of the House Committee on Ways and Means to Treasury Secretary Janet Yellen. The letter highlights the Members’ concerns with Treasury’s final Foreign Tax Credit regulations and urges Sec. Yellen to continue working with companies and stakeholders to provide further gu...

Asking for a word on foreign tax credits

| Posted in In the News

FIRST LOOK: A bipartisan group of 10 House tax writers is urging the Treasury Department to be more open to business concerns about final foreign tax credit regulations released late last year. The 10 lawmakers told Treasury Secretary Janet Yellen that they appreciated that foreign tax credits, in which companies can get a tax break for income taxes paid to other countries, are a particularly dens...

House Members Urge Treasury to Be Flexible on Foreign Tax Credit

| Posted in In the News

Members of Congress urged the Treasury Department to be “mindful” of how new rules on foreign tax credits could hurt U.S. companies, and to work with them in implementing the much-criticized rules. Treasury should issue guidance to help companies apply the new rules, and “continue its engagement with industry to inform its understanding of the potential downstream impacts,” the bipartisan group of...