Economy
America’s relationship with Russia is complex. Russia is currently the world’s ninth largest economy and growing. In 2011 alone, Nebraska exported $154 million worth of goods to Russia, which directly supported an estimated 560 jobs here at home. However, I and many others remain concerned regarding Russia’s recent behavior and trading policies.
Washington, DC – Congressman Adrian Smith (R-NE) issued the following statement after voting in favor of H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act. The bill passed in the House of Representatives by a vote of 245 to 172:
America’s economy is stagnant and showing few signs of growth. The private sector is being strangled by government regulation, an overly-complex and uncompetitive tax code, and uncertainty generated by the threat of tax increases, an onerous health care law, and the ever expanding national debt.
As our economy struggles, the lack of bipartisan solutions from Congress only adds to our frustration.
The U.S. economy added just 80,000 jobs in June and the national unemployment rate remained above 8 percent for the 41st consecutive month.
Washington, D.C.– The United States Chamber of Commerce has presented Congressman Adrian Smith (R-NE) with its “Spirit of Enterprise” award for his support of policies which encourage job creation and economic growth. Smith has received this prestigious award for five consecutive years.
While pranks are common on such a day, it was no joke when on April 1st the United States’ 35 percent corporate tax rate became the highest in the world. Our current system is a relic of the Post-War era, when the U.S. reigned as the unchallenged industrial leader, and government efficiently regulated the market.
America’s looming debt crisis is the most predictable – and avoidable – economic calamity in our nation’s history. Make no mistake: empty promises from both political parties have gotten us where we are today. This explosion of debt is threatening to cripple our nation and rob our children and grandchildren of their future.
Washington, DC – Congressman Adrian Smith (R-NE) today issued the following statement after voting for passage of H.Con.Res. 112, the Budget Resolution introduced by Budget Committee Chairman Paul Ryan (R-WI):