Economy
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Washington, D.C. – Congressman Adrian Smith and Senator Deb Fischer released the following statement after the U.S. Department of Treasury and Small Business Administration (SBA) released a document making hospitals receiving less than 50 percent of their funding from state and local governments eligible for the Paycheck Protection Program (PPP).
While the COVID-19 pandemic continues its destructive pace, the devastating effects on the economy have come into clearer view. No business, small or large, is immune from the effects of the virus and the measures we are taking to counter it.
Washington, D.C. – Congressman Adrian Smith released the following statement after voting to pass the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) today. H.R. 266 replenishes funding for the Paycheck Protection Program (PPP), provides additional monetary assistance for health care providers and hospitals, and expands testing for COVID-19.
In order to address COVID-19, Congress and President Trump have enacted three major pieces of legislation to fight this disease and help as many Americans as possible stay employed, with the goal of resuming our strong economy as soon as possible when this pandemic subsides.
Just a few weeks ago, we were in the midst of the strongest economy in years. We now find ourselves with questions about what will happen to our economy due to the COVID-19 outbreak. In contrast with other times of economic uncertainty, this interruption in our economy was not caused by bad decisions or nefarious actors, nor were we nearing the end of a business cycle.
When we enacted tax reform in 2017, through the Tax Cuts and Jobs Act, we had two goals – simplify compliance and reduce the tax burden on as many Americans as possible. Despite – or I would argue because of – these rate reductions, a strong economy means U.S. federal tax revenue continues to come in at record levels. The federal government does not have a revenue problem.
Washington, D.C. – Congressman Adrian Smith (R-NE) will host an educational Infrastructure Seminar at Hastings Central Community College on October 3, 2019.
Regulations. While the word is often used in a negative light, the process of setting regulations as established by the Administrative Procedures Act (APA), enacted in 1946, plays an import role in allowing federal agencies to appropriately implement federal laws passed by Congress.
Washington, D.C. – Congressman Adrian Smith (R-NE) today announced the winners of the inaugural Third District Young Entrepreneur Awards. The award was created to celebrate the efforts of young and rising leaders who strengthen their communities with their entrepreneurial spirit.
The winners will be recognized by Rep. Smith before the U.S. House of Representatives.
Trade agreements reduce trade barriers, which promotes economic growth and cooperative relationships between nations. Because 95 percent of consumers reside outside U.S. borders, we must constantly be looking for ways to increase access to foreign markets and ensure America's competitiveness in an increasingly global marketplace.