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Rep. Pfluger on the budget resolution in the House:
"Any bill that we get to, has to be deficit-reducing. We have to look the American public in the eye and give them the confidence that we care about this, that we actually care about extending those tax cuts and doing the things for our children, for our grandchildren, that we leave them a better country. So I can get there. I'm hopeful that we move this process along because look, winning is fun. We've gotten a taste of winning with a couple of different things lately. Let's keep that going."
Rep. Pfluger on why private equity, private business, and private enterprise are so attractive in Texas:
"I love Texas. I love being from there. It's pro-business. It's pro-family. The regulatory nature goes back to us being a nation, and that is like, just leave us alone. We can do this.And I think that is true today. People see that environment and they know whether you're a semiconductor company, an oil and gas company, or any of the new tech startups - I mean, look at the AI data centers that are coming into West Texas to harness the energy we have - so I think it's a business environment, it's an attitude, it's an ability to raise your family. You know, these, these folks that are looking at it going, oh yeah, that's that's a really nice place to go be and raise a family. So I think it has to do with all that. But I think the most important thing is that when companies come to Texas and they start or they continue operations, they succeed. They make money for their investors, they make money for their company. They add to our GDP, and it's because of those factors that I just outlined, and success just breeds this desire to be there.
Rep. Pfluger on private investment and carried interest in Texas:
"Private investment, especially in energy, in the last six to seven years has been the name of the game. The banks left the energy sector for the most part because of ESG and because of other factors. So all these private investors got together, and they realized that they could do it quicker. They could do it with less regulations. They could skip the government regulatory nature, and there's provisions like carried interest and other things that are really important to these guys, because they want to see activity. They want to see the demand that they are servicing continue. So these are big provisions that we're working through that I'm incredibly in favor of...
"I think that this [carried interest] has been fundamental to the energy sector. It's been fundamental to the investment we've seen the fact that we are now energy dominant, and I get where they [those who oppose carried interests] are coming from. I understand that. That's a long-standing point of view. But for us, I think we just need an educational moment to talk about what has happened in the Permian Basin, and what has happened in the energy sector. I think with that education, my colleagues could really get to the point where they understand it."
Watch the full interview HERE.
Read a recap of the event from Punchbowl News HERE.
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