Economy

Homeownership forms the core of the American dream. A home allows families to build equity, plant their roots and, most importantly, make lasting memories.

However, due to the bleak state of our economy, that dream is out of reach for too many families in rural Iowa.

Well over two years in, the Biden administration clearly is failing to represent US economic interests on the global stage. And perhaps the best example is how it’s handling the international tax negotiations at the OECD.

Thanks, in large part, to President Joe Biden’s tax-and-spend policies, the state of the American economy is bleak.

Earlier this month, I led a letter joined by seven of my colleagues to Treasury Secretary Janet Yellen raising our concerns about an extraterritorial tax Germany is imposing on American companies.

President Biden’s economic agenda – which he has coined “Bidenomics” – has failed our families, farmers, small businesses, and rural communities by every measure possible. 61% of Americans reported living paycheck to paycheck, 71% of Americans have a negative view of the state of the economy, and gas prices continue their upward trajectory.

Economic hardship caused, in large part, by President Biden’s wasteful spending policies and misguided attacks on American energy production recently broke another record. For the first time in over two decades, mortgage rates rose to 7.12% as the Federal Reserve continues its rate hikes to combat the inflation crisis spurred by reckless government spending.

On metric after metric, President Biden’s economic agenda – which he has coined “Bidenomics” – has failed our families, farmers, small businesses, and rural communities.