Ron Estes weekly update
July 27
Dear Friend,
For the first time in more than nine years, the federal government had a budget surplus last month. In fact, June’s surplus totaled $26 billion. With $18 billion of the federal government’s revenue coming from tariffs, last month is proof that President Trump’s trade policy is benefitting our country.
Republicans’ recently passed One Big, Beautiful Bill, or O-Triple-B as some are calling it, will bring economic growth through spending cuts. Our legislation, which was signed into law by President Trump earlier this month, cuts more than $1.5 trillion in mandatory spending.
Because of O-Triple-B, Kansas families are projected to pay an average of $10,900 less in taxes and see increased wages of $7,200 at the same time.
Congressional Republicans are taking a step in the right direction toward restoring our nation’s fiscal health. I’m proud the O-Triple-B will bring tax cuts for Kansas families and strengthen our nation’s economy.
Sincerely,
Ron Estes
U.S. Japan Strategic Trade and Investment Agreement
President Trump signed a historic U.S.-Japan trade and investment agreement on Wednesday. In a win for the Air Capital of the World, the president facilitated the sale of 100 Boeing aircraft to Japan.
In addition, the deal is beneficial for Kansas ag. Japan will purchase more than $8 billion in American corn, bioethanol, soybeans and more.
I’m glad that our president is securing trade deals that will benefit the 4th District of Kansas and our nation as a whole.
Speaking at AIE
Earlier this week I delivered the luncheon keynote at the American Enterprise Institute (AEI) conference on international tax cooperation and competition. I spoke about the latest developments in international tax policy.
You can watch my speech here.
Rescissions
Recently the House passed a rescissions package, a presidential request that rescinds previously appropriated funds by Congress. This was the first time in more than a decade that a president requested to rescind discretionary spending.
Our rescissions package pulled more than $9 billion of wasteful spending from NPR, PBS and USAID. Some of the examples we looked at when we pulled funding were NPR airing a program about drag queens for children, PBS hosting a panel on white privilege and USAID allocating $3 million to Iraqi Sesame Street. It’s worth noting that when our government borrows approximately $70,000 every second, it’s imperative for Congress to closely examine spending and eliminate waste, allowing us to prioritize programs that truly benefit Americans, including some USAID programs that could be transferred to another agency.
Throughout my entire time in Congress, I’ve been advocating for reining in wasteful spending and balancing our budget. While we still have a lot more work to do, this was a great first step.
I joined Washington Watch to speak about the rescissions package. You can watch my interview here.
Kansas Trivia
Did you know that there are more than 100 murals in downtown Wichita? Throughout downtown Wichita, murals can be found showcasing the ICT flag, the Keeper of the Plains, the Kansas state bird and more.
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