Economy

Just over a month into President Donald Trump’s second term, his administration is off to an aggressive start. Commissioned with a mandate from the people to restore American prosperity, the president has moved without delay to reassert common sense in the Executive Branch, rein in government overreach, and demonstrate international leadership.

Recent discussions I have had with President Trump and my congressional colleagues highlight both the significant challenges and the opportunity we will soon have to get our country back on the right track. After four years of inflationary spending under the Biden-Harris administration, voters have demanded a change in leadership and policy.

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 119^th Congress.

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.

Under the Biden-Harris administration, inflation triggered by anti-growth policies, lackluster engagement on trade, and bloated federal spending has hit Nebraska households hard—costing the average household in our state $32,110 more since January 2021. Rising input costs also continue to severely impact the agriculture and manufacturing industries.

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.

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.

As Third District farmers round out the fall harvest season, it is an appropriate time to note how hard agriculture producers work to feed and fuel the world and how this drives our state’s economy.