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Taxes

Information regarding my stance on Tax issues.
April 14, 2023
Columns

Americans everywhere are still struggling under record inflation. The March Consumer Price Index, a key inflation indicator, showed a five percent inflation rate, with overall food prices up 8.5 percent over March of last year. Since 2021, Americans’ wages have declined 3.7 percent, which partially explains why workforce participation rates are so low at 62.6 percent. This has a ripple effect across our economy, leaving hardworking families and small businesses in a difficult position.

Issues:EconomyRural DevelopmentTaxes
April 6, 2023

Washington, D.C. – Today, Rep. Adrian Smith (R-NE) – a senior member of the Ways and Means Committee and Chairman of the Trade Subcommittee – released the following statement on the Department of Treasury’s release of their ten-year spending plan:

March 31, 2023

Washington, D.C. – Today, Rep. Adrian Smith (R-NE), Chairman of the Ways and Means Trade Subcommittee, released the following statement on the Biden administration’s proposed rule for their so-called “Clean Vehicle Tax Credit” created by the Inflation Act:

March 24, 2023
Columns

Elementary and secondary education has earned a spotlight nationwide, especially after schools went online during the pandemic. The unique setting provided parents a firsthand look at what goes on inside classrooms. Many didn’t like what they found and demanded greater involvement in determining their children’s educational content and experiences. While the solution isn’t about public vs.

Issues:EducationTaxes
March 17, 2023
Columns

The recent failures of Signature Bank and Silicon Valley Bank (SVB) have increased the concerns of many over the threat of a deepening international economic crisis. While the failure of major financial institutions is particularly troubling on top of the inflation and supply chain problems of the past two years, we should take time to ensure new policies enacted in response address real problems without harming the majority of local banks across states like Nebraska who are unconnected to the failed banks.

Issues:BudgetEconomyTaxesWays & Means
March 3, 2023
Columns

This week the Supreme Court heard arguments on Biden v. Nebraska and U.S. Department of Education v. Brown, two challenges to the Biden administration’s student debt cancellation proposal. The administration’s debt cancellation scam is just one example of a pattern of irresponsible economic policies that have resulted in ongoing inflation, exacerbated workforce woes, and increased financial hardship hitting American households. In our Commitment to America agenda, House Republicans made a promise to deliver a government that is accountable to taxpayers.

Issues:EconomyJobsTaxes
February 17, 2023
Columns

A recent report from the Congressional Budget Office (CBO) projected our nation will add nearly $19 trillion to the national debt over the next 10 years. CBO projects the debt will equal 118 percent of gross domestic product 2033. With the national debt already in excess of $31 trillion, inflation hammering American families, and economic uncertainty threatening American small businesses, it’s clearer than ever we must put a stop to runaway spending in Washington.

Issues:BudgetEconomyJobsTaxesWays & Means
February 10, 2023
Columns

This week, as the nation listened and watched, President Biden gave the second State of the Union address of his presidency. Over the last year the American people have struggled under historic inflation, rising crime rates, and severe economic uncertainty. In the week prior, we also witnessed an airborne intelligence gathering tool with confirmed ties to the Chinese Communist Party traveling across nearly the entire continental United States. With the same slowness to act which has characterized his administration, Biden permitted the spy balloon to remain in U.S.

Issues:DefenseEconomyHomeland SecurityTaxes
January 27, 2023
Columns

Students are a large part of why I’m so optimistic about the future of our great country. In recent years they’ve faced unprecedented challenges as COVID-19 disrupted traditional classroom settings. While Nebraskans worked hard to keep our schools open, other states can't say the same. The resulting spotlight on public schools highlighted just how important parental engagement and freedom is to student success. Parents, not politicians, know what their children need in the classroom.

Issues:EducationTaxes
January 13, 2023
Columns

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.

Issues:Small BusinessTaxesWays & Means