Small Business

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.

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.

Economic hardships brought about by severe inflation and supply chain challenges continue, creating an ongoing affordability crisis in our country. Small businesses and families across the nation have had to make difficult choices and dig into savings to make ends meet in recent years. Inflation hits hardest those who can least afford it: those on fixed and low incomes.

Over the last month, I’ve had the opportunity to meet with constituents in many of the Third District’s 80 counties. It has been a busy time with many hours spent behind the windshield, and I'm encouraged by the Nebraskans doing so much to help our communities thrive.

Businesses across our economy – both small businesses supporting communities across Nebraska and manufacturers making and selling products at home and abroad – thrive under a broad-based tax code that rewards hard work and American innovation.

Just two weeks from the start of tax filing season, an efficient and functioning Internal Revenue Service (IRS) has never been more important. The overwhelming majority of Americans pay their taxes; however, 90 percent of the $80 billion in new IRS funding in the Inflation Act would pave the way for more audits on working class families.

Christmas is going to look different for many Americans because of ongoing supply chain challenges and soaring inflation. We have seen shortages of items such as appliances, jewelry, electronics, holiday food items such as turkey, and even Christmas lights and trees.