Taxes
A recession is the worst time to raise taxes, yet here we are again – fighting against a tax-and-spend agenda. Last week, new government data show what American families have been feeling for months now: we are officially in a recession. The U.S. economy shrank by .9 percent in the second quarter of the year, the second consecutive quarter of negative growth.
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.
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.
This week President Biden delivered his first State of the Union address to a joint session of Congress.
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.