Economy
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More on Economy
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. From the builders constructing our homes and bridges to the tech engineers opening new digital frontiers, the strength of our industries relies on a tax code which sets up American businesses to excel in a competitive global market.
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.
Washington, D.C. – Congressman Adrian Smith (R-NE) released the following statement on the Constitutional Reform of Strategic State Industries and Enterprises which passed the Mexican Senate. The legislation which had previously passed in the lower house, gives increased market preference to state-owned electric utilities.
Washington, D.C. – Today, Congressman Adrian Smith (R-NE) released the following statement after President Biden made comments on the latest jobs report.
This week, prior to the September 30 deadline to authorize funding for federal government operations for the next fiscal year, Congress passed legislation to temporarily extend current federal funding to December 20, 2024. While measures in the bill to address the effectiveness of the Secret Service were clearly needed, this result was far from ideal.
In 2024, American households are spending more on all categories of energy compared to prices at the start of 2021. As virtually every industry requires energy, this affects nearly every aspect of our lives and businesses. In places like Nebraska’s Third District, the agriculture industry depends on energy sources to power machinery, facilitate irrigation, manufacture and transport inputs, and deliver products to market. Other energy intensive industries have been severely impacted by rising energy costs. Transportation services costs are up 38.5 percent.
Washington, D.C. – Today, Congressman Adrian Smith (R-NE) and Chair of the House Committee on Natural Resources Bruce Westerman (R-AR) released the following statements after the committee’s unanimous passage of Rep. Adrian Smith’s bill (H.R. 8413) to transfer Swanson Reservoir and Red Willow Reservoir land from the Bureau of Reclamation to Hitchcock County, Nebraska, and Frontier County, Nebraska, respectively.
The remarkable character of the people of the Third District was unmistakable as I traveled around Nebraska during August. From a 102-year-old in McCook, to whom I presented a Congressional Gold Medal as one of World War II’s “Rosie the Riveters,” to the sharp and eager high school student members of my Youth Advisory Council, we are blessed with passionate citizens dedicated to service.
According to a recent report by the Committee to Unleash Prosperity, regulations issued by the Biden-Harris Administration have cost the average American household a total of nearly $50,000. From its electric vehicle mandate—expected to increase the price of a new vehicle by more than $6,000—to restrictions on household appliances and energy production, this kind of burden on families is unsustainable.
Severe inflation, stock market turbulence, and troubling workforce data have driven recent economic concerns for American families already struggling to make ends meet. Moreover, our national debt has swelled to surpass $35 trillion—$12.74 trillion higher than the total national debt before the pandemic. Over the past year alone, the debt has grown by $6.73 billion per day.