Economy
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WASHINGTON, D.C. – Last Friday, U.S. Rep. Randy Feenstra (R-Hull) voted to advance the Tax Relief for American Families and Workers Act out of the House Ways and Means Committee for consideration on the floor of the U.S. House of Representatives.
It takes a tremendous amount of hard work to start a small business and run a farm. From balancing the books and maintaining inventory to paying employees and complying with burdensome rules and regulations, these enterprises require long hours and real commitment to be successful and profitable. In Iowa, many of our farms and small businesses are family-owned-and-operated, which is not only a testament to the grit and dedication of our families, but also a source of pride for our great state.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) led 162 of his colleagues in introducing the Death Tax Repeal Act. This legislation would permanently repeal the death tax, which imposes an unfair and costly tax on the transfer of property, land, and other assets from a deceased family member to heirs of family farms and small businesses.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, the China Exchange Rate Transparency Act.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, the Ensuring Accountability in Agency Rulemaking Act. This legislation would simply require the heads of federal agencies to personally sign off on every rule and regulation that they plan to impose on American families, farmers, and businesses.
For the last three years, the Biden administration has been defined by reckless government spending, rising prices, and crushing red tape and regulations. These misguided policies have fueled inflation and harmed our economy – making life unaffordable for our families, increasing operating costs for our main street businesses, and stifling investment in American jobs and manufacturing.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted to stop President Biden’s latest student-loan forgiveness scheme.
WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, a resolution nullifying the Consumer Financial Protection Bureau’s expanded enforcement of Section 1071 of the Dodd-Frank Act, which would increase the cost of loans, restrict capital for businesses, and stall economic development in rural communities.
Washington, D.C. – Today, U.S. Reps. Randy Feenstra (R-IA) and Danny K. Davis (D-IL) introduced the Upskilling and Retraining Assistance Act and the Upward Mobility Enhancement Act to modernize the tax code to help lower the cost of education for workers and help employers recruit and train a skilled workforce.
President Biden’s track record on the economy is abysmal. Spending trillions of taxpayer dollars on liberal nonsense plunged our economy into chaos, fueled 40-year-high inflation, and decimated American household wealth. His failed economic policies – which he has coined “Bidenomics” – have created uncertainty and headaches for our small businesses, forced families to dip into their savings to keep up with rising prices, and raised operating costs for our farmers.