Congressman Tom Rice

Representing the 7th District of South Carolina

Economy and Jobs

The economic downturn that began in 2008 was the worst our country experienced since the Great Depression. Since then, America has been on a sluggish recovery plan that has been slow in lifting our economy and helping Americans. I believe the best way to get our economy to reach its full potential is through limited regulations, tax reform to make our country competitive in the world, and through responsible government spending.

Under President Obama, harmful regulations were enacted and overreaching laws such as the Dodd-Frank Act were passed. These hindered business, cost jobs and wages, and slowed our economy. If we want to keep and create jobs while growing our economy closer to three percent growth instead of the recent average of one to two percent, we need comprehensive tax reform and a rollback on Washington overreach.  

Similarly, we need a balanced budget to remain competitive. I have supported a balanced budget amendment since I was elected because it is imperative for the future of our country. The inability for Washington to manage its finances is unacceptable. Hardworking American families live on a budget, and we should expect the same from the federal government.

As a former CPA and tax lawyer who sits on the Ways and Means Committee, I have a unique seat at the table for all tax related issues. I will fight for a more simple tax code that encourages job creation and grows our economy to lift the 7th District and help restore American competitiveness in the world.

More on Economy and Jobs

Jun 20, 2017 Press Release
WASHINGTON – Today the House of Representatives passed legislation introduced by Congressman Tom Rice (R-S.C.) that would strengthen American investment in nuclear energy and save energy consumers money by clarifying the U.S. tax code to allow for more effective use of the nuclear production tax credit (PTC).
Aug 11, 2015 In The News

DARLINGTON, S.C. – Congressman Tom Rice didn’t discuss presidential politics Tuesday at Joe’s Grill as more than 30 constituents wanted to hear about Iran, growing the economy, veterans and offshore drilling issues instead.

Even after the hour-long event — where people sipped coffee and fired off questions at the second-term Republican — Rice didn’t give any hints about which of the 17 Republican presidential primary candidates he was supporting.

Jun 12, 2015 Press Release

Washington, D.C.— Congressman Tom Rice (SC-07) today joined his colleagues in passing Trade Promotion Authority, legislation to make international trade negotiations transparent and ensure the American people—through Congressional representation—have the final say on any trade deal.  

Jun 10, 2015 Press Release

Washington, D.C.— In a House Committee on Small Business markup today, Congressman Tom Rice (SC-07) urged his colleagues to support H.R. 2499, the Veterans Entrepreneurship Act of 2015.

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May 15, 2015 Press Release

WASHINGTON, D.C.- Today, Congressman Tom Rice (SC-07) released the following statement regarding the closure of ArcelorMittal: 

Apr 1, 2015 Press Release

WASHINGTON, D.C. – Today, Congressman Tom Rice (SC-07) released the following statement after his tour of the Charles Ingram Lumber Plant in Effingham, SC.:

Mar 25, 2015 Press Release

WASHINGTON, D.C. – Congressman Tom Rice (SC-07) released the following statement after the U.S.  House of Representatives passed H. Con. Res. 27, a budget plan for Fiscal Year 2016:

Mar 17, 2015 Press Release

WASHINGTON, D.C. – Congressman Tom Rice (SC-07), a member of the House Budget Committee, released the following statement regarding the House Budget Committee’s Fiscal Year 2016 budget plan: A Balanced Budget for a Stronger America:

Mar 6, 2015 In The News

FLORENCE, SC (WMBF) - Representatives from the city all the way up to the national level are assuring small businesses in Florence they don't want them to fail due to lack of support or difficult-to-navigate regulations.

"The message is clear that leaders at every level want to see small businesses grow and I think if we partner together and talk about what needs to happen, we can make that happen together," Florence City Councilman Robby Hill said.

Mar 3, 2015 Press Release

WASHINGTON, D.C. – Congressman Tom Rice (SC-07) released the following statement after the House of Representatives passed H.R. 240, legislation to fund the Department of Homeland Security (DHS) through fiscal year 2015: