Economy
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During the first two years of his administration, President Biden’s reckless policies epitomized his tax-and-spend proclivities and complete disregard for fiscal responsibility. Despite repeated calls from Republicans to abandon his wasteful spending agenda, he approved roughly $6 trillion in new government spending that fueled inflation, forced the Federal Reserve to expedite its aggressive rate hikes, and accelerated the insolvency of Social Security and Medicare.
This week, on the heels of expanding the invasive and costly jurisdiction of WOTUS, the Environmental Protection Agency (EPA) unveiled crushing, new regulations on American vehicle manufacturers. At President Biden’s direction, new cars, trucks, and tractors sold in the United States would be required to comply with his administration’s foolish plans to manipulate our free-market economy to impose electric vehicles on rural America, increase our reliance on China for critical minerals, and advance his Green New Deal agenda.
Quantum computing is an intangible phenomenon that often elicits images of supercomputers and spaceships. However, the world of quantum is vast, and its potential is unlimited, particularly for our rural communities and main street businesses.
WASHINGTON, D.C. – Yesterday, U.S. Rep. Randy Feenstra (R-Hull) voted to override President Biden’s veto of legislation to nullify ESG mandates in retirement funds.
WASHINGTON, D.C. – Today, U.S. Reps. Randy Feenstra (R-IA) and Haley Stevens (D-MI) introduced the Quantum in Practice Act, which would amend the National Quantum Initiative Act to include quantum molecular simulations and modeling in federal scientific research.
WASHINGTON, D.C. – Yesterday, U.S. Rep. Randy Feenstra (R-Hull) helped lead a resolution to protect step-up in basis for Iowa family farmers and main street businesses. More specifically, this resolution recognizes “the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.”
WASHINGTON, D.C. – Today, during a House Ways and Means Committee hearing, U.S. Rep. Randy Feenstra (R-Hull) demanded answers from U.S. Treasury Secretary Janet Yellen over the Biden Administration’s failure to negotiate competitive tax agreements and protect pro-growth tax credits that benefit American businesses, workers, and main streets.
As the second largest exporter of agricultural goods in the nation, trade is vital to our economy in Iowa. 415,000 jobs are supported by trade in our state, and in 2018, Iowa exported roughly $14.4 billion in goods and services. As such, our farmers, producers, manufacturers, and agricultural community rely on strong trade agreements that open foreign markets and maintain our global competitiveness.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, the Reduce Exacerbated Inflation Negatively Impacting the Nation (REIN IN) Inflation Act to curb record inflation sparked by President Biden’s wasteful economic agenda and costly executive orders. Feenstra is an original cosponsor.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, a resolution overturning the Biden Administration’s Environmental, Social, and Governance (ESG) requirements for retirement investment funds without the explicit approval of investors.