Economy
For more information concerning work and views related to Economy, please contact our office.
More on Economy
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) introduced the Paid Family and Medical Leave Tax Credit Extension and Enhancement Act to help small businesses offer paid family and medical leave (PFML) to their employees. This legislation specifically extends and reforms the 45S tax credit – which was a two-year tax credit authorized by the Tax Cuts and Jobs Act of 2017 and later extended by Congress through 2025 – for employers that voluntarily offer up to 12 weeks of PFML.
On Saturday August 10th, the Iowa State Fair set an all-time single-day attendance record — more than 128,000 people walked through the gates to spend quality time with family, friends, and neighbors and participate in this time-honored Iowa tradition. In total, over 1.1 million people made the trip to Des Moines to eat an assortment of fried foods, play games, win prizes, and check out the hundreds of booths littered throughout the fairgrounds. Just like the attendance record, this year’s State Fair included another unique feature. For the first time in recent memory, the U.S.
WASHINGTON, D.C. – Today, during a U.S. House Ways and Means Committee hearing on reauthorizing the Tax Cuts and Jobs Act, U.S. Rep. Randy Feenstra (R-Hull) emphasized the importance of passing his Death Tax Repeal Act, which would permanently repeal the federal death tax.
At the end of this year, significant portions of the Tax Cuts and Jobs Act (TCJA), which was signed into law in December of 2017, officially expires. That means that – absent congressional action – taxes for Iowa families, farmers, and businesses will increase. As a member of the House Ways and Means Committee, I will be working closely with President Trump, Chairman Jason Smith, and my colleagues to reauthorize the Tax Cuts and Jobs Act, build upon the major successes of this law, and prevent massive tax hikes on Iowans and Americans everywhere.
HULL, IOWA — Today, U.S. Rep. Randy Feenstra (R-Hull) issued the following statement recognizing the 7-year anniversary of the Tax Cuts and Jobs Act being signed into law:
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.