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Rep. Jason Smith @RepJasonSmith
The Biden Budget would undo these gains by letting TCJA expire. Middle-class families would be hit by a $2,000/year tax increase. Meanwhile, Democrats want to give millionaires a $700 billion tax cut with the return of the full SALT deduction. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Contrary to Democrats' doom and gloom narrative, the Trump tax cuts worked. It’s clear that Washington has a massive spending problem, not a revenue problem. With historic tax relief, revenues are rocketing to historic highs. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Individual tax revenues are also soaring, higher than CBO's projection for 2021 and 2022 both before and after TJCA was passed. Tax revenue grew and is still growing beyond expectations. https://t.co/8Wq2y12EZu — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Corporate tax revenues for 2022 are on pace to be higher than the Congressional Budget Office's projection even before TCJA passed. This year, revenues are projected to be nearly $100 billion over what was projected after TCJA passed. https://t.co/C683LsNqss — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Facts continue to destroy Washington Democrats' narrative about the 2017 Tax Cuts & Jobs Act. The tax burden on families and job creators is down, while corporate and individual tax revenues are at historic highs. Total revenues are on pace to be the largest share of GDP ever. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
If you want to learn more about what rising interest rates mean for our national debt, read my full report here: https://t.co/a1J3Uo0tJ8 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Last time inflation was as high as it is today, interest rates were over 10%. In this scenario, interest payments would rocket to $7 trillion per year, and our national debt would hit $75 trillion in the next ten years. It's clear that the national debt is headed for disaster. https://t.co/hu3n1g4XD6 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Economic growth would slow down as companies can't afford to make the investments needed to create good-paying jobs for Americans. In a scenario where interest rates are at their 1990s average, the federal debt will grow to an astonishing $54 trillion in the next 10 years. https://t.co/LzWeU4o0W9 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Families would feel the pain of higher rates: taxes will be raised, incomes will fall, and retirees may not be able to count on full Social Security. With interest rates at their 50-year average of 5.7%, America would be spending $3 trillion per year on interest alone by 2031. https://t.co/4mYGDLH2u5 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
A higher interest rate of 3.9% will further crowd out vital government functions and private investment in the economy. According to CBO, if interest rates are even ONE percentage point higher than currently projected, the deficit would increase by $2+ trillion over 10 years. https://t.co/f334YIU8jw — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Even under the modest scenario of a 3% average rate, interest payments on the debt will become the largest expenditure in the federal budget by 2051. More than Social Security. More than Medicare. More than defense spending to protect America and provide for our troops. https://t.co/1sr5j4qui6 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
To combat Biden's inflation crisis, interest rates are rising – making it more expensive to buy a house, small businesses to expand, farmers to buy equipment, and the federal government to function. Here are 5 scenarios that show how rising interest rates impact America’s debt: — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Today, we take the time to celebrate the hard work of moms all over the country. The foundation of many families, including my own, is the mothers who make it all possible. Happy Mother’s Day! https://t.co/KL7MmlwOgV — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Today, we take the time to celebrate the hard work of moms all over the country. The foundation of many families, including my own, is the mothers who make it all possible. Happy Mother’s Day! https://t.co/soBifTTotC — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Biden’s budget mentions “climate crisis” 33 times but never once mentions “inflation crisis.” Washington Democrats only care about their far-left agenda, not the crises facing the American people. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Biden’s inflation crisis is leading some economists to predict that we have a 70% chance of a recession in the coming months. Meanwhile, Biden continues to push out-of-control spending policies that will have serious near-term and long-term consequences. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Small businesses are the backbone of our economy and communities. After COVID lockdowns that closed so many and hurt more, it's critical that we fully support small businesses. Proud to represent so many small businesses in southeast and south-central Missouri in Congress! https://t.co/f3dOhLFOob — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
An environmental justice group named Speak for the Trees received a grant from the Biden Bailout Bill for "storytelling" and "tree walks." The Lorax already speaks for the trees. Who in the Biden Administration will speak up for taxpayers? More: https://t.co/Hz7DrzSefu https://t.co/qfCjLebxJ1 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Biden's budget would add $45 billion in new taxes on domestic energy producers. The Democrats' ongoing war on domestic energy is raising gas prices for working families while making America and our allies more dependent on foreign sources of oil. — PolitiTweet.org
Ways and Means GOP @WaysandMeansGOP
Asked by @RepJasonSmith how Biden's proposed energy tax increases would impact gas prices for American families,… https://t.co/o9CLZ4gRhZ
Rep. Jason Smith @RepJasonSmith
As our economy shrinks due to Biden’s inflation crisis, consumers are being forced to spend an additional $5,200 per year to keep up with skyrocketing costs. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Real leadership is owning up to your mistakes, but after his policies caused gas prices to spike, Biden decided to point the finger at Putin instead. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
End the meatpacking monopoly! — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
With everything going on in America, it's critical that people of faith pray for our country. Today, on National Day of Prayer, join me in praying for God's blessing for America. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Yom Ha'Atzmaut. Happy 74th Independence Day to our friends in Israel and those celebrating around the world. We will always stand by our partner and ally who provides leadership, peace, and opportunity for so many in the Middle East. Happy Independence Day Israel! https://t.co/FX7qCaUu48 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Yom HaAtzma’ut. Happy 74th Independence Day to our friends in Israel and those celebrating around the world. We will always stand by our partner and ally who provides leadership, peace, and opportunity for so many in the Middle East. Happy Independence Day Israel! https://t.co/EvvodCFAF3 — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Today, I released a report showing the danger rising interest rates pose to the national debt. Interest rates rising to fight Biden's inflation crisis means more Americans’ tax dollars will go to paying interest on the debt. Read the report: https://t.co/a1J3UnISRA https://t.co/BgUfiygWxl — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Amid his out-of-control spending agenda, it is no surprise that Biden’s economic job approval rating has now hit the lowest point for any president on record. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Biden’s inflation crisis is threatening small businesses: the latest @NFIB report shows 86% of small businesses have been forced to raise their prices to cover increasing costs. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
Liberals are upset about Twitter being sold to Elon Musk because it might undermine their command and control over the media narrative being sold to the American people. — PolitiTweet.org
Rep. Jason Smith @RepJasonSmith
80% of the fentanyl killing Americans comes in through our southern border. Just another example that border security IS national security. — PolitiTweet.org
