• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, February 7, 2023
The Iowa Torch
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
No Result
View All Result
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
The Iowa Torch
The Iowa Torch
No Result
View All Result
Home Federal Government

Feenstra to Biden: Back Off The Attacks on Rural Iowa

Feenstra: "On top of the Biden inflation tax, our farmers can’t afford additional taxes, more regulations, and other policies that will hinder our most important industries and stifle economic growth."

Iowa TorchbyIowa Torch
June 28, 2021
in Federal Government
Reading Time: 4 mins read

WASHINGTON – On Monday, U.S. Rep. Randy Feenstra, R-Iowa, during remarks on the House floor, urged President Biden and the administration to back off their attacks on rural Iowa.

RELATED POSTS

Ernst calls on White House to reinstate ban on ‘risky research’

Grassley says ‘Respect for Marriage Act’ threatens religious institutions

In O’Brien County, Ernst holds roundtable on fentanyl crisis

“Rural Iowans are already suffering from higher gas and grocery prices due to inflation, which is a direct result of Democrats’ massive and reckless spending. In May 2021, the Consumer Price Index increased at a rate not seen since right before the Great Recession in 2008. On top of the Biden inflation tax, our farmers can’t afford additional taxes, more regulations, and other policies that will hinder our most important industries and stifle economic growth — spelling disaster for our rural main streets. That is why President Biden must back off these attacks on rural Iowans and our main street businesses,” Feenstra said.

The administration has proposed changes to the stepped-up basis tax policy, which Feenstra says is effectively “the death tax with a new coat of paint.” The administration announced they will move back towards Waters of the United States (WOTUS) regulations, undoing the 2020 Navigable Waters Protection Rule; and Reuters reported that Biden is considering giving refiners relief which Feenstra says undermines the Renewable Fuel Standard (RFS) and weakens biofuels blending requirements.

Below are Feenstra’s full remarks, as prepared for delivery:

“I rise today to urge President Biden and his administration to back off their attacks on rural America.

“The administration has proposed changes to the stepped-up basis tax policy, which is effectively the death tax with a new coat of paint.

ADVERTISEMENT

“I have heard from farmers across the 4th District who are concerned this change would be financially devastating — especially when it comes to passing family farms from one generation to the next.

“This was confirmed by a recent study from Texas A&M’s Agriculture and Food Policy Center.

“The study found that stepped-up basis changes would impact 98% of family farms and impose an additional tax liability of over one million dollars on farms in the Midwest.

“It’s simple: The hard-working men and women who feed and fuel the world — like the folks in Iowa’s 4th District — should not have to foot the bill for the Democrats’ reckless spending agenda.

“But the Biden administration isn’t just looking at penalizing rural Americans with higher taxes — they’re also looking at implementing burdensome regulations that would crush rural main street businesses.

“Administrator Regan recently announced the EPA would look at undoing the 2020 Navigable Waters Protection Rule, which replaced Waters of the U.S. as a smarter and more straightforward approach to defining what waters warrant federal regulation.

“A return to WOTUS, which allowed the federal government to regulate 97% of land in Iowa, would force unnecessary and costly government regulations on the backs of Iowa farmers.

“There are many places federal government bureaucrats just don’t belong, and that includes on the family farm.

“When the executive branch’s power exploded under the Obama administration, we saw ridiculous rules implemented and enforced — leading to rising costs for the ag industry and snuffing out economic growth in our rural communities.

“This attempted power grab ultimately proved why water regulation is best left up to states and localities.

“Put simply: The Biden administration’s big-government agenda for rural America includes higher taxes and more regulation.

“But this administration isn’t stopping with a one-two gut punch. 

“President Biden is also looking at undermining the RFS and lowering biofuel blending requirements.

“This will hurt both crop growers and biofuels producers — two industries that are critical drivers of economic activity in my district.

“At the same time, the administration has proposed to spend at least $174 billion on expanding electric vehicles and charging stations.

“A study by Biden’s own Department of Energy found that four out of every five new vehicles will still require liquid fuel by 2050.

“So why is the president taking aim at this critical industry?

“It seems Democrats are shrugging their shoulders, comfortable with turning their backs on rural America.

“Well, enough is enough.

“Rural Iowans are already suffering from higher gas and grocery prices due to inflation, which is a direct result of Democrats’ massive and reckless spending.

“Gas prices are over 50% higher than they were a year ago. 

“Food and energy prices have increased nearly four percent, the fastest rate in three decades.

“In May 2021, the Consumer Price Index increased at a rate not seen since right before the Great Recession in 2008. 

“On top of the Biden inflation tax, our farmers can’t afford additional taxes, more regulations, and other policies that will hinder our most important industries and stifle economic growth — spelling disaster for our rural main streets. 

“Iowa is the breadbasket to the world.

“That is why President Biden must back off these attacks on rural Iowans and our main street businesses.”

 

Continue Reading
Tags: 117th Congressestate taxethanolJoe BidenRandy FeenstraRenewable Fuel StandardWOTUS
ShareTweetShare
ADVERTISEMENT
Previous Post

Conservative Group Targets Axne With Ad Opposing ‘Death Tax’

Next Post

Iowa Approves $100 Million in Provisional Funding for Sports and Entertainment Venues

Iowa Torch

Iowa Torch

The Iowa Torch​ is a for-profit, news organization that focuses on political news as it relates to Iowans.

Related Posts

Bird Says She Will Challenge Tom Miller for Attorney General
State Government

Bird joins lawsuit against Biden Administration’s Parole Action

January 25, 2023
Ernst: $600 now buys you a new tax form.
Opinion

Ernst: $600 now buys you a new tax form.

December 12, 2022
Iowa Democrats lose first in the nation status
Politics

Iowa Democrats lose first in the nation status

December 4, 2022
roasted turkey on white ceramic plate
Opinion

Ernst: Thanksgiving trimmings have a different meaning this year.

November 22, 2022
Iowa Senate Advances Proposed Amendment Lowering Voting Age in Iowa’s Constitution
Politics

Iowa Republicans head into Election Day with large voter registration edge

November 4, 2022
Iowa Retains First Place Status in Renewable Energy
Opinion

Miller-Meeks: Iowa is the future of clean energy

October 4, 2022
Next Post
Iowa Approves $100 Million in Provisional Funding for Sports and Entertainment Venues

Iowa Approves $100 Million in Provisional Funding for Sports and Entertainment Venues

Iowa’s New Unemployment Rate Holds Steady, Overall Rates Rise

Iowa Sees Slight Increase in Unemployment in May

Sign-Up For Our Daily Updates

Get The Iowa Torch right in your inbox!

Please wait...

Thank you for signing up!

Recommended Articles

Reynolds Launches New Teacher and Paraeducator Registered Apprenticeship

Reynolds announces grant program to reduce language barriers in workforce

October 6, 2022
Axne Says Gov. Reynolds’ Actions Are ‘A Step Toward Slowing Virus’

Axne Says Gov. Reynolds’ Actions Are ‘A Step Toward Slowing Virus’

November 17, 2020
Hinson Introduces Ban on Former Members of Congress Lobbying for Communist Countries

Ernst: The ultimate beneficiary of U.S. taxpayer-funded small business research is China.

October 3, 2022

Popular Stories

  • Hendrickson: Fiscal Conservatism Works

    Hendrickson: Placing Iowa’s income tax on the road to elimination

    0 shares
    Share 0 Tweet 0
  • Ingstad & Hendrickson: Iowa education reforms point to what’s next

    0 shares
    Share 0 Tweet 0
  • State of Iowa invites feedback about where to spend broadband funding

    0 shares
    Share 0 Tweet 0
  • Ernst: Investigation proves group that funneled tax dollars into Chinese labs can’t be trusted.

    0 shares
    Share 0 Tweet 0
  • Iowa Dept. of Revenue Releases 2022 Individual Tax Brackets, Interest Rates, and Deductions

    0 shares
    Share 0 Tweet 0

The Iowa Torch

The Iowa Torch​ is a for-profit, news organization that focuses on political news as it relates to Iowans

Categories

  • Education
  • Federal Government
  • Iowa History
  • Local Government
  • News
  • Opinion
  • Politics
  • State Government
  • Uncategorized
  • Uncategorized

Newsletter

Please wait...

Thank you for signing up!

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.

No Result
View All Result
  • Home
  • About Us
  • Advertise
  • Contact Us
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.