Economy

The remarkable character of the people of the Third District was unmistakable as I traveled around Nebraska during August.

According to a recent report by the Committee to Unleash Prosperity, regulations issued by the Biden-Harris Administration have cost the average American household a total of nearly $50,000.

Severe inflation, stock market turbulence, and troubling workforce data have driven recent economic concerns for American families already struggling to make ends meet. Moreover, our national debt has swelled to surpass $35 trillion—$12.74 trillion higher than the total national debt before the pandemic. Over the past year alone, the debt has grown by $6.73 billion per day.

In June 2023, the U.S. Supreme Court ruled President Biden did not have the constitutional authority to mass transfer up to $400 billion in student loan debt from borrowers to American taxpayers.

This week, as I visited a number of Third District communities, several major economic indicators were published, confirming what we already know: President Biden’s inflation hasn’t ended, and a radical change of direction in Washington’s fiscal policy is needed to remedy an ailing economy.

As the 2024 tax deadline nears, Americans are well aware of the outsized impact the Internal Revenue Service can have on their time, attention, and pocketbooks.

In December 2023, the House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party (CCP) released a bipartisan report outlining a strategy to combat the CCP’s growing influence around the world. I have been vocal in my support for the committee’s work.