It’s no secret that fiscal responsibility is sorely needed in Congress. Our nation is $32 trillion in debt, American families hold a record $986 billion in credit card debt, interest rates are skyrocketing, inflation remains persistent, and small business optimism has plummeted to a 10-year low. Evidently, the American economy is in tough shape, largely due to President Biden’s wasteful spending policies and reckless regulatory agenda. For the sake of our children and grandchildren, we must do better.
Unfortunately, President Biden refuses to change course. Even after flooding our economy with roughly $6 trillion in new, unnecessary, government spending – which fueled the worst inflation crisis our nation has endured in over forty years – President Biden didn’t learn his lesson. In fact, he doubled down on his failed economic policies. His $7-trillion Fiscal Year 2024 budget proposes $5 trillion in tax hikes and $1.7 trillion in new federal spending every single year. His plan would increase taxes on our small businesses, eliminate vital tax provisions that help our farmers and producers succeed, and dip into Americans’ savings accounts. Even more concerning, his budget would grow the national debt to $50 trillion by 2033.
While President Biden continues his counterproductive tax-and-spend policies that only hurt our families, disincentivize business investment, and accelerate the bleak trajectory of our debt crisis, Republicans have offered solutions to get our fiscal house in order and restore fiscal sanity in Washington, D.C. On June 14th, alongside 171 of my colleagues in the Republican Study Committee (RSC) – the second largest caucus of House Republicans in Congress – I helped introduce our FY 2024 budget, which balances the federal budget in just seven years. In stark contrast to the Biden Administration’s bloated budget, our conservative alternative would slash $16.3 trillion in wasteful government spending from our federal budget over the next ten years, cut taxes for our families, farmers, and small businesses by over $5 trillion, and take real steps to reduce our national debt, which recently surpassed $32 trillion.
I am also proud that the RSC budget includes two pieces of legislation that I introduced this Congress, the COST Act and Sarah’s Law. The COST Act would pump the brakes on President Biden’s forced transition to electric vehicles by requiring the Government Accountability Office and the U.S. Secretary of Energy to compare the financial and environmental costs between replacing the entire federal gasoline-powered fleet with either electric vehicles or E-85 capable flex-fuel vehicles. Sarah’s Law – which honors the memory of 21-year-old Iowa native, Sarah Root, who was killed by an illegal immigrant who was driving while drunk – would detain, punish, and deport violent illegal immigrants who harm or kill American citizens. These are both commonsense legislative victories that would defend American families from the Biden Administration’s obsession with electric vehicles and protect our communities from President Biden’s refusal to secure our open southern border.
The American people elected a Republican majority in the House of Representatives to stop President Biden’s destructive policies, end wasteful government spending, promote American energy production, secure our open border, and restore fiscal responsibility in the halls of Congress. As a fiscal conservative, I strongly support this Republican policy blueprint that will achieve these conservative priorities, balance the federal budget, reduce our $32-trillion debt, and build a stronger economy for our families, farmers, and main street businesses.
We are government together, and your thoughts and opinions matter to me. Please contact my office at Feenstra.House.Gov or by phone at 202-225-4426 if I can ever be of assistance. I am proud to represent our families, farmers, main street businesses, and rural communities in Congress.