Taxes
This week, we officially gaveled in the 118th Congress. With Kevin McCarthy as Speaker of the House, I know House Republicans will deliver on our Commitment to America to restore a government that’s accountable, a nation that’s safe, an economy that’s strong, and a future that’s free.
Washington, D.C. – Rep. Adrian Smith (R-NE), a senior member of the House Ways and Means Committee, released the following statement after the Biden administration announced it was delaying enforcement of its new 1099-K income reporting threshold for one year:
A month from now, we will welcome a new year and a new Congress with a new majority. For the 118th Congress House Republicans have put forward our Commitment to America agenda.
As American families continue to battle historic inflation at 8.2 percent, Nebraskans are feeling the pain every time they reach for their wallets. According to the Joint Economic Committee, households in Nebraska are spending an extra $759 each month, or more than $9,000 annually, because of inflation.
According to a recent survey, 60 percent of Americans are living paycheck to paycheck, and 71 percent of workers feel their pay isn’t keeping up with the cost of living. The numbers bear this out – 6.2 percent wage growth alongside 8.3 percent inflation means that Americans’ paychecks are worth 2.1 percent less than they were at this time last year.
Washington, D.C. – Republican Leader of the Ways and Means Subcommittee on Trade, Rep. Adrian Smith (R-NE), along with Rep.
August’s Consumer Price Index shows inflation continues to rise. Prices for consumer goods have risen across the board – especially necessities like food and shelter.
Washington, D.C. – Today, Rep. Adrian Smith’s (R-NE) legislation, the Permanently Preserving America’s Investment in Manufacturing Act, was named one of National Taxpayers Union’s (NTU) No Brainer bills for 2022. Each year, NTU releases a “No Brainer” list of commonsense bills Congress should pass.
A common refrain I hear from employers across Nebraska’s Third District is how difficult it has become to find workers to fill the job openings they have. As the unemployment rate rose to a six-month high of 3.7 percent in August, according to the Bureau of Labor Statistics, the number of job openings in America sits at roughly 11 million. Job openings in the U.S.
This month I had plans to spend the August district work period connecting with folks in the Third District to hear their concerns and discuss the challenges Nebraskans face. Being called back to Washington for a vote on an ill-conceived, dead-end tax-and-spend package was not on my agenda.