Jeff Flake - U.S. Senator ~ Arizona

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WASHINGTON— U.S. Sen. Jeff Flake (R-Ariz.) today joined CNBC’s Squawk Box to discuss his efforts to advance tax reform, regulatory reform, and national debt reduction:

“I think by the end of the year we’ll have [a tax reform package]. I think substantively we’ve got to certainly lower the corporate rate, we’ve got to be competitive globally, and Republicans need to deliver on something. I’m glad to see the president pushing hard for it, and I think he’s doing it the right way, approaching some of the Democrats as well who are likely to be with us.”

“…If we are going to deal effectively with our $20 trillion debt we’ve got to have economic growth and we can’t have it if we don’t have a conducive tax and regulatory environment. I think we have made some good moves in Congress and the administration earlier this year with regards to regulatory reform, but we got to have the tax package right as well.”

To view video of Flake’s interview click here.

Background:

  • To view Flake’s statement on the national debt surpassing $20 trillion, click here.
  • In January 2017, the Senate Republican Conference approved Flake’s amendment to extend the Senate moratorium on earmarking into the 115th Congress. For more information on Flake’s earmark ban extension, click here. Flake is also seeking cosponsors on soon-to-be-introduced legislation to implement a permanent, statutory ban on congressional earmarks.
  • In August 2017, Flake reintroduced the Debt Buy-Down Act, legislation that would empower every taxpayer to mandate up to 10 percent of the hard-earned dollars they send to Washington be spent exclusively on paying down the national debt. Had the Debt Buy-Down Act been law in 2016, taxpayers could have directed as much as $137 billion toward reducing the national debt. Flake first introduced the Debt Buy-Down Act in 2010, when the national debt was $13 trillion. For more information on the bill, click here.  
  • Since 2014, Flake has published seven oversight reports identifying more than $100 billion in wasteful and egregious federal spending, including:
    • Tax Rackets: Outlandish Loopholes to Lower Tax Liabilities (2017) - singled out a series of egregious tax loopholes benefiting a select few that could cost an estimated $50 billion over the next decade.
    • Wastebook: PORKémon Go (2017) – identified 50 examples of outrageous and wasteful federal spending amounting to more than $5 billion.
    • Twenty Questions: Government Studies That Will Leave You Scratching Your Head (2016) – identified 20 hard-to-justify, taxpayer-funded studies that diverted more than $35 million that Flake argued would have been better spent researching treatments for cancer, Alzheimer’s disease, and viral infections such as Zika and Ebola.
    • Wastebook: The Farce Awakens (2015) – identified 100 examples of wasteful federal spending amounting to more than $100 billion. 
    • Tackling Paid Patriotism (2015) – joint report with U.S. Sen. John McCain (R-Ariz.) that identified $6.8 million paid by the Pentagon to professional sports teams to honor American soldiers at sporting events. The report resulted in taxpayers recouping nearly $850,000 for improper payments.
    • Jurassic Pork (2015) – highlighted the continued cost of pork projects in the post-earmark-ban era.
    • Science of Splurging (2014) – identified millions of dollars in wasteful and egregious spending by the Environmental Protection Agency.

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