Economy
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More on Economy
As our economy struggles, the lack of bipartisan solutions from Congress only adds to our frustration.
The U.S. economy added just 80,000 jobs in June and the national unemployment rate remained above 8 percent for the 41st consecutive month.
Washington, D.C.– The United States Chamber of Commerce has presented Congressman Adrian Smith (R-NE) with its “Spirit of Enterprise” award for his support of policies which encourage job creation and economic growth. Smith has received this prestigious award for five consecutive years.
While pranks are common on such a day, it was no joke when on April 1st the United States’ 35 percent corporate tax rate became the highest in the world. Our current system is a relic of the Post-War era, when the U.S. reigned as the unchallenged industrial leader, and government efficiently regulated the market.
America’s looming debt crisis is the most predictable – and avoidable – economic calamity in our nation’s history. Make no mistake: empty promises from both political parties have gotten us where we are today. This explosion of debt is threatening to cripple our nation and rob our children and grandchildren of their future.
Washington, DC – Congressman Adrian Smith (R-NE) today issued the following statement after voting for passage of H.Con.Res. 112, the Budget Resolution introduced by Budget Committee Chairman Paul Ryan (R-WI):
The American Recovery and Reinvestment Act, better known as the “stimulus,” turned three years old on Friday. When properly accounted, the price tag for this historic spending law is more than $1.1 trillion. To put this figure in perspective, the stimulus is more than twice the size of the New Deal and more than the entire value of Australia’s economy.
Washington, DC – Congressman Adrian Smith (R-NE) released the following statement after the White House released its budget blueprint for Fiscal Year 2013:
As a former chairman of the House Budget Committee once said, “If you can’t budget, you can’t govern.” Budgeting is one of the most basic things people do. Families and businesses in Nebraska budget every day, figuring out what their needs are and how they are to be met.