Taxes
A new year brings a valuable chance to reflect on the accomplishments of the previous year and prepare for the opportunities ahead in the next. This week, it was especially meaningful to have my two young children with me as I was sworn in to serve Nebraska’s Third District as a member of the House of Representatives in the 119th Congress. Today, I am more committed than ever to securing a prosperous future for the next generation of Americans, one built on the foundation laid by our Constitution and those who have fought to defend it.
Washington, D.C. – Today Rep. Adrian Smith (R-NE) and Rep. Nathaniel Moran (R-TX) introduced the Family and Small Business Taxpayer Protection Act. The bill would prevent the Internal Revenue Service (IRS) from using the balance of the Biden-Harris administration’s massive, $80 billion infusion of taxpayer dollars to increase audits on middle-class families while preserving funding for customer service and IT modernization at the IRS.
The members released the following statements:
Washington, D.C. - Today, Congressman Adrian Smith (R-NE) and Chuck Edwards (R-NC) along with 27 House colleagues sent a letter asking President Trump to immediately end the IRS' unlawful Direct File pilot program upon taking office in January. Copies of the letter were addressed to Elon Musk and Vivek Ramaswamy, Trump's selections to lead his Department of Government Efficiency (DOGE) as well as Treasury Secretary-Designee Scott Bessent, and Trump's selection to lead the White House Office of Management and Budget (OMB) Russell Vought.
This week, despite prior assurances made repeatedly by the president himself and his spokespeople he would not do so, President Biden announced he had signed a sweeping pardon for his son Hunter Biden. While framed by the president as addressing Hunter’s gun and tax charges, the pardon stunningly covers all crimes Hunter “committed or may have committed” from 2014 to 2023, a period covering Hunter’s questionable business dealings in Ukraine, China, and other foreign nations.
Washington, D.C. – Congressman Adrian Smith (R-NE) released the following statement after President Trump released a statement announcing he will appoint former Congressman Billy Long to serve as Commissioner of the IRS.
This week, the American people chose to return Donald Trump to the White House while also electing a Republican majority to the Senate, and likely the House as well. Investors also received good news this week as the stock market had its best one-week rally in a year. Corn and soybean prices ended the week higher than they began, and multiple indexes surpassed record highs. This positive trend is not coincidental. The last Trump administration brought tax relief, regulatory relief, and an overall positive environment for job creation and investment.
The American economy is powered by innovation and the hard-working Americans who faithfully do their jobs every day. The role of the federal government should be to empower, not hinder, the productive workers and world-leading innovators who drive our country’s remarkable capacity for growth. From the builders constructing our homes and bridges to the tech engineers opening new digital frontiers, the strength of our industries relies on a tax code which sets up American businesses to excel in a competitive global market.
My service in Congress is fundamentally about hearing and addressing the concerns of Third District Nebraskans. In addition to representing your interests as Congress considers legislation, I devote significant effort to ensuring the federal government functions appropriately and fulfills its obligations to you as a taxpayer. While I hear from as many Nebraskans as I can when I am home, my offices in Washington, D.C., Grand Island, Nebraska City, and Scottsbluff provide additional opportunities for you to connect with me and let me know how I can be of assistance.
Washington, D.C. – Today, Congressman Adrian Smith (R-NE) released the following statement after President Biden made comments on the latest jobs report.
This week, prior to the September 30 deadline to authorize funding for federal government operations for the next fiscal year, Congress passed legislation to temporarily extend current federal funding to December 20, 2024. While measures in the bill to address the effectiveness of the Secret Service were clearly needed, this result was far from ideal.