Taxes
As families begin to think about back-to-school purchases, Americans received a series of bad news about the economy this week. According to analysis by Deloitte, back to school shoppers will spend, on average, a whopping $661 per student shopping for supplies. Compared to 2019, this is an increase of 27 percent, and compared to 2021, an increase of 8 percent. Educational books and supplies are up 3.7 percent, girls' and boys' footwear is up 6.7 percent, sports equipment is up 8 percent, and music instruments are up 5.6 percent.
As Vladimir Putin's invasion of Ukraine continues with no end in sight, it is as important as ever for the U.S. to strengthen our ties with allies in the region. Standing in solidarity with states at risk of Russian aggression requires us to send a clear message we are working on behalf of the friends of freedom and economic prosperity.
As most Americans returned to normal, bureaucrats at the Internal Revenue Service (IRS) refused to fully reopen the agency, despite heading into tax season with a backlog of more than 20 million tax returns. While this backlog has grown, calls to the IRS have also gone unanswered, leaving families and small businesses to navigate a complicated maze of red tape resulting from Democrats' massive stimulus package on their own. Americans deserve to have their tax filings processed in a timely manner. Instead, the IRS is mired in delays.
This week President Biden delivered his first State of the Union address to a joint session of Congress. While I went into the evening open to hearing President Biden propose real solutions to urgent challenges like soaring energy and food prices, waves of illegal crossings at our southern border, and workforce shortages, I was disappointed by how readily he rehashed many of the failed policies of his first year in office which have put us in this position. Inflation is at a 40-year high, we have a serious supply chain crisis, and Russia has invaded Ukraine.
Washington, D.C. – Today, Congressman Adrian Smith (R-NE) released the following statement after President Biden's State of the Union address:
This week marked the official start of tax season. Unfortunately, tax filers everywhere can expect a frustrating process and potential lengthy delays on their returns.
I always look forward to reconnecting at Christmas with family and friends in one of America's most beautiful places – the Nebraska panhandle. Although 2021 has ended, many of the same challenges Democrats failed to address last year as they pursued their extreme economic and social agendas await when the House reconvenes next week.
There are no shortage of challenges facing Americans right now with our country reaching the highest level of inflation in three decades, a lack of workers to fill job openings nationwide, record illegal entry and smuggling at our southern border, and a supply chain unable to keep up with the demands of manufacturers and consumers. Despite facing these crises every day, we still have much to be thankful for as Americans.
Washington, DC – Congressman Adrian Smith (R-NE) spoke on the floor of the House of Representatives opposing Democrats' $1.7 trillion partisan social spending package, the Build Back Better Act. The bill passed the House 220-213 on a party line vote.