Dear Friend,.
This week, Kansans across our district are making preparations for the coming Independence Day holiday. July 4 BBQs with family and friends, however, will be the most expensive in history thanks to Bidenomics.
I recently published an op-ed in National Review, Bidenomics Means Inflation and Higher Taxes. We Can Do Better, unpacking the detrimental effects of Bidenomics, which will be made worse by the president's plan to raise taxes by letting key provisions of the Tax Cuts and Jobs Act (TCJA) expire. In it I write, "The Tax Foundation estimates that if TCJA is allowed to expire, constituents in my district would pay, on average, $1,930 more in taxes in 2026. It is unthinkable that Biden would add a tax increase such as this on top of the historic inflation that is already wearing away people’s paychecks."
These numbers caught the attention of Todd Starnes, whom I joined last week to discuss Bidenomics. We discussed how the historically high prices are impacting Kansans and how to unwind Biden's bad programs and regulations that have fueled this crisis. You can listen to our full interview here.
To help pave the way for price relief and a more dynamic economy, Ways and Means Committee Chairman Jason Smith (R-Missouri) created ten tax teams to address the pending expiration of several TCJA provisions. As I explain in my op-ed, these teams will cover issue areas from manufacturing and supply chains to global competitiveness, and I am thrilled to be leading the U.S. Innovation Tax Team.
Through our efforts we will combat Bidenflation and bring back a dynamic economy that benefits and uplifts Kansans.