More on Taxes
Federal revenue continued at near-record highs in 2018, at $3.33 trillion. Unfortunately, this amount was not enough to cover the $4.2 trillion in spending last year, further exacerbating our $22 trillion in national debt. As President Ronald Reagan said, “The problem is not that the people are taxed too little. The problem is that government spends too much.”
As Nebraskans recover from the historic storms, I have worked with my colleagues and the Administration to ensure our state has the proper federal resources available so hard-working, dedicated Nebraskans can fully recover and rebuild what was lost in these tragic events. Our entire Nebraska congressional delegation is united in this effort.
WASHINGTON, D.C. – U.S. Reps. Adrian Smith (NE-03) and Terri Sewell (AL-07) have introduced the Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act, bipartisan legislation which would help preserve jobs and encourage infrastructure development by ensuring tax-exempt electric cooperative organizations’ continued access to government grants and assistance, including rural broadband grants and FEMA disaster relief.
WASHINGTON, D.C. – The Nebraska congressional delegation has introduced legislation to provide tax relief for Nebraskans impacted by the severe 2019 storms and flooding. The bill, known as the Disaster Tax Relief Act of 2019, would deliver tax relief to areas that received a federal disaster declaration between January 1, 2019 and April 15, 2019.
Washington, D.C. - Congressman Adrian Smith (R-NE) released the following statement after Democrats on the House Ways and Means Committee on Wednesday requested the president’s tax returns from the IRS.
Statement from Smith:
As you may know, I recently accepted the top Republican position on the Ways and Means Subcommittee on Select Revenue Measures, which writes tax policy for Congress. It’s quite an honor for me because my colleagues and I on this panel represent the first line of defense against higher taxes. According to the U.S. Constitution, any legislation concerning taxes must originate in the House of Representatives and by extension my committee.
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To watch a video of Rep. Smith’s remarks, click here.
Washington, D.C. – Congressman Adrian Smith (R-NE) made the following remarks on Wednesday during a hearing on Social Security reform and retirement policy before the House Ways and Means Committee.
I appreciate the opportunity to discuss ways we can help Americans plan and be ready for retirement.
Washington, D.C. – Congressman Adrian Smith (R-NE) released the following statement this evening in response to President Donald Trump’s State of the Union address.
“Tonight President Trump struck a tone of unity, positivity, and opportunity for Americans of all walks of life in his annual State of the Union address. With over 5 million jobs created and a rapidly expanding economy, President Trump has led the way on pro-growth initiatives such as tax reform and regulatory relief.