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August 20, 2022
Dear John:
Last week, the Democrats called us out of the August district work period to vote for the so-called "Inflation Reduction Act". The notion this bill could claim to do anything about inflation is absurd and they should have never been allowed to give it that title. In reality, this is a Green New Deal spending package, funding things like electric garbage trucks. And how are they going to pay for it?
- Natural gas tax, making it even more expensive to heat homes, cook, and manufacture products
- 15% corporate minimum tax that will lead to significant price hikes for American consumers who are already facing record inflation
- Add a staggering $132 billion in new debt for America
- Increase prices of new, innovative prescription drugs, leading to even higher insurance premiums and costs at the pharmacy counter
- $80 billion to hire 87,000 new IRS agents, effectively creating an IRS army to shake loose change from Americans to pay for this spending spree. This new IRS army will increase audits on individuals by more than 1.2 million, nearly half of which will be on Americans making $75,000 or less per year.
It's because of the Left's reckless spending that we're facing record-breaking inflation. And now, they want to tax the American people to do it again. With families everywhere struggling to make ends meet in Biden’s America, it is unacceptable that this is where they choose to focus their efforts.
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In the News
This week, I had the pleasure of joining "What's on your mind?" with Scott Hennen. If you missed it, you can listen here.
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Farmfest 2022
I had a great time catching up with people at this year's Farmfest. Special shoutout to my friends at the Minnesota Farm Bureau, AURI, Minnesota Corn Growers Association (and their delicious sweet corn ice cream), the Minnesota Pork Association, Minnesota Soybean Growers Association, Minnesota Cattlemen's Association, and the FFA for making it out and braving the heat!
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SBA PNP Disaster Loan Application Deadline: September 6
The U.S. Small Business Administration (SBA) is reminding eligible Private Nonprofit organizations (PNPs) in Minnesota of the Sept. 6 deadline to submit disaster loan applications for physical damages caused by severe storms, straight-line winds, tornadoes and flooding on May 8-13.
PNPs located in the counties of Big Stone, Chippewa, Cottonwood, Douglas, Grant, Kandiyohi, Lac Qui Parle, Lincoln, Pope, Redwood, Renville, Stearns, Stevens, Swift, Todd, Traverse, Wadena, Wilkin and Yellow Medicine in Minnesota are eligible to apply. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
PNP organizations may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The interest rate is 1.875 percent, with terms up to 30 years. Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA, for mitigation purposes.
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Now Accepting Fall Internship Applications
If you are a college student interested in learning about the legislative process, you should apply for a paid internship in my office! This is a great opportunity to gain valuable experience working in Congress on things that matter to the 7th District and to America.
For more information and to apply, please visit my website.
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Coming Up...
I'm excited to be making lots of site visits around Minnesota's 7th District and talking to our great farms and industries. Learning from you is the best way for me to work for you!
As always, my office is open and ready to serve constituents of Minnesota's Seventh Congressional District! Please do not hesitate to get in touch if there is anything I can do to help. Have a great weekend!
Sincerely,
Michelle Fischbach
Member of Congress
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