Economy
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More on Economy
Over the last several weeks, we’ve received negative reports and forecasts about the economy and our fiscal outlook. Inflation rose in September – opposite expectations – and was up 2.4% from just a year prior while the National Federation of Independent Business’s Small Business Optimism Index registered at 91.5 in September, which is the 33rd consecutive month under the 50-year average of 98.
WASHINGTON, D.C. – This week, U.S. Rep. Randy Feenstra (R-Hull) was named a “Guardian of Small Business” by the National Federation of Independent Business (NFIB) for his 100% voting record of supporting small businesses in Congress.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, the End Chinese Dominance of Electric Vehicles in America Act, which would prevent China from receiving generous tax credits for the production of electric vehicles.
In 2017, Congress passed, and President Trump signed into law, the Tax Cuts and Jobs Act (TCJA) – the single largest and most comprehensive reform of the tax code in decades. As promised, this legislation boosted our economy, strengthened our global competitiveness, and let American families, farmers, and small businesses keep more of their hard-earned money.
When I was first elected to Congress, I promised that I would focus my energy on finding solutions to the challenges facing our families, farmers, businesses, and rural communities. Nearly four years later, my mission hasn’t changed. I work every day to ensure that the voice of Iowans is heard loud and clear in the halls of Congress and that I do everything in my power to advance policies that strengthen our economy, support agriculture, lower costs for our families, and keep our nation secure.
At the end of 2025, pro-growth, pro-worker, pro-family tax policies authorized by the Tax Cuts and Jobs Act (TCJA) are set to expire. These provisions include the nearly doubled standard deduction for Iowa families, tax cuts for small businesses, investment incentives for our farmers, manufacturers, and job creators, and other tax items.
At the end of July, our national debt officially topped $35 trillion. This development comes just seven months after our country surpassed $34 trillion in debt and less than a year since our national debt eclipsed $33 trillion last September. As a father of four, I firmly believe that we have both a moral and financial obligation to our children and grandchildren to enact real reforms that begin to reduce our exploding national debt and restore fiscal sanity to Congress.
HULL, IOWA — Today, U.S. Rep. Randy Feenstra (R-Hull) issued the following statement after the national debt officially surpassed $35 trillion:
WASHINGTON, D.C. – Yesterday, U.S. Rep. Randy Feenstra was named a “Hero of Main Street” by the National Retail Federation for his work supporting Iowa small businesses and rural main streets.
The recent floods that devastated our communities have once again tested our resilience. As I've traveled through towns like Spencer, Rock Valley, Rock Rapids, Cherokee, Sioux Rapids, and Hawarden – witnessing firsthand the destruction of homes, businesses, and crops – I've been struck by the unwavering unity and determination among our neighbors.