This week, the American people chose to return Donald Trump to theWhite House while also electing a Republican majority to the Senate, and likely the House as well. Investors also received good news this week as the stock market had its best one-week rally in a year. Corn and soybean prices ended the week higher than they began, and multiple indexes surpassed record highs. This positive trend is not coincidental. The last Trump administration brought tax relief, regulatory relief, and an overall positive environment for job creation and investment. I look forward to working with President Trump and my colleagues in the House to do it again.
While the inflation which was the hallmark of much of the Biden-Harris administration may have slowed, prices haven’t gone down, and families are still plagued by high prices. A major driver of that inflation was tax and spending policies which disconnect government benefits from work, especially expanding the child tax credit into a mandatory spending program which sent families monthly checks regardless of whether then needed them or wanted them.To drive prices down and affordability up, we must start with reining in overspending and getting discouraged workers off the sidelines and into good-paying jobs.
Economic policy is just the beginning of fulfilling the mandate the American people have given Washington to correct course. During both the lame duck period and in the next Congress, we can and will stand up for American innovation, unleash prosperity, and advance policies which empower our hardworking farmers and ranchers.
