Feenstra Responds to President Biden’s Proposed Budget

WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) issued the following statement after President Joe Biden released his FY 2024 budget:

“President Biden’s budget spells disaster for Main Street America. It proposes $5 trillion in tax hikes on families and small businesses, eliminates like-kind exchange and step-up in basis for our farmers, and threatens the long-term solvency of Social Security and Medicare. His plan even includes repealing the successful Tax Cuts and Jobs Act that lowered taxes for middle-class families, doubled the child tax credit, and implemented a 20% business-income deduction for small businesses.

When I was elected to Congress, I made a promise to Iowa taxpayers that I would end wasteful spending, reduce our $31 trillion debt, and get our fiscal house in order. In our new Republican House majority, I intend to keep that promise and deliver results for Iowa.”

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