More on Economy
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. It was caused by a viral pandemic: a natural disaster. Though it may be painful, American resolve will bring us through this crisis.
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. It has a spending 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. Under APA, agencies are required to release a draft rulemaking, allow time for public comments, and respond to public concerns when releasing a final rule.
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. Negotiating trade agreements reduce tariffs between countries and open previously closed markets. Trade with foreign nations represents tremendous opportunities for the American economy.
Washington, D.C. - Congressman Adrian Smith (R-NE) visited the White House on Tuesday for a discussion on the USMCA trade agreement and personally thanked President Trump for approving Nebraska’s disaster declaration in response to harsh weather and historic flooding throughout much of the state.
Washington, D.C. - Congressman Adrian Smith (R-NE) released the below statement following President Trump’s announcement of a Major Disaster Declaration for the State of Nebraska.