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Taxes

Information regarding my stance on Tax issues.
March 14, 2025
Columns

The federal government of the United States has an obligation to maintain the highest standard of accountability to the American people. Families working hard to make ends meet, paying taxes to the federal government, rightfully expect a government which treats their hard-earned money with respect.

Issues:BudgetDefenseEconomyHealth CareSocial SecurityTaxesWays & Means
March 14, 2025

Washington, DC — Today Reps. Adrian Smith (R-NE), Suzan DelBene (D-WA), Brian Fitzpatrick (R-PA), Kim Schrier (D-WA), Claudia Tenney (R-NY), and Maggie Goodlander (D-NH) introduced the Maintaining and Enhancing Hydroelectricity and River Restoration Act, legislation extending a 30 percent investment tax credit (ITC) to American hydroelectric investments to improve power production, provide environmental benefits, or remove outdated dam infrastructure through 2031.

The members released the following statements:

March 4, 2025

Washington, D.C. – Rep. Adrian Smith (R-NE) released the following statement after President Trump delivered his 2025 joint address to Congress:

February 28, 2025
Columns

Just over a month into President Donald Trump’s second term, his administration is off to an aggressive start. Commissioned with a mandate from the people to restore American prosperity, the president has moved without delay to reassert common sense in the Executive Branch, rein in government overreach, and demonstrate international leadership. House Republicans are matching his stride, and this week, I supported House passage of legislation to set the stage to fulfill his agenda for historic growth and opportunity.

Issues:BudgetEconomyEnergyHomeland SecurityTaxes
February 18, 2025

Washington, D.C. –Representatives Adrian Smith (R-NE), Joe Morelle (D-NY), Kevin Hern (R-OK), and Brad Schneider (D-IL) introduced bipartisan legislation to promote investments in America's manufacturing sector and other capital-intensive industries. The American Investment in Manufacturing and Main Street (AIMM) Act would amend the U.S. tax code to increase the cap on deductible business interest to pre-2022 levels. This change will promote further domestic investment while helping address concerns about rising interest rates.

January 31, 2025
Columns

The American education system develops our next generation of leaders, but we must reckon with serious challenges facing our nation’s students, families, and educators. Preparing to meet the demands of adulthood and the workforce in our rapidly changing economic landscape is no easy task. It requires resilience and robust community support. Unfortunately, recent findings of the National Assessment of Educational Progress, also known as the “Nation’s Report Card,” indicate many students are still struggling to overcome learning gaps created during the COVID pandemic.

Issues:EducationTaxesWays & Means
January 29, 2025

WASHINGTON, D.C. – Rep. Adrian Smith (R-NE), Rep. Burgess Owens (R-UT), and Sen. Bill Cassidy (R-LA) reintroduced the Educational Choice for Children Act (H.R. 833), bicameral legislation to expand education freedom and opportunity for students. Specifically, it provides a charitable donation incentive for individuals and businesses to fund scholarship awards for students to cover expenses related to K-12 public and private education.

January 17, 2025
Columns

Recent discussions I have had with President Trump and my congressional colleagues highlight both the significant challenges and the opportunity we will soon have to get our country back on the right track. After four years of inflationary spending under the Biden-Harris administration, voters have demanded a change in leadership and policy. The tragic consequences of open border policies have grown more severe during the last four years, and anti-growth Biden-Harris policies have squelched American energy production.

Issues:BudgetEconomyEnergyHomeland SecurityTaxesWays & Means
January 15, 2025

Washington, D.C. – Today, Congressman Adrian Smith (R-NE) spoke on the floor of the House of Representatives supporting passage of legislation (H.R. 33) to prevent the double taxation of Taiwanese residents and businesses engaging in business with Americans.

January 15, 2025

Washington, D.C. – Today, Congressman Adrian Smith (R-NE), Congressman Chuck Edwards (R-NC), and Senator Marsha Blackburn (R-TN) introduced the Fostering Autonomy in Independent Returns by Prohibiting Redundant and Extralegal Programs (FAIR PREP) Act. The legislation builds upon a bill introduced by Smith and Edwards in 2024 to prohibit the IRS from continuing or developing a successor to its in-house Direct File pilot program.

The members released the following statements: