New Iowa Rep. Randy Feenstra calls for giant tax cuts, 99% spending restrict, as GOP shifts to fiscal conservatism

Newly elected Rep. Randy Feenstra says that he’ll be among the many fiercest deficit hawks within the new Congress, aiming to institute a 99% spending restrict, amongst different measures, to power the federal government to steadiness its books. 

Feenstra, a Republican from Iowa, leans on his time within the Iowa state legislature, the place he touts success with related efforts for placing the state able to efficiently take care of crises. 

“In the last 12 years I’ve been a state senator, we’ve done so many great things. And the one thing that we did is figure out a way, how you balance your budget?” Feenstra mentioned in an interview with Fox News. “We had to make some very difficult decisions when it came to infrastructure, when it came to what gets funded. But collectively, we came to a balanced budget and we passed the 99% spending limit for our state so we can only spend 99% of what came in.”

Iowa’s fiscal prudence, Feenstra mentioned, helped it “get through things like the COVID virus and through a drought. And we had a big [wind storm] that came through.” 

Rep. Randy Feenstra, R-Iowa, told Fox News he wants to balance the federal budget, a goal that would be at odds with Republicans' approach to spending for much of the Trump administration.

Rep. Randy Feenstra, R-Iowa, informed Fox News he needs to steadiness the federal price range, a purpose that might be at odds with Republicans’ strategy to spending for a lot of the Trump administration.
(https://www.feenstraforcongress.com/)

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But spending cuts aren’t the one approach Feenstra believes the U.S. can take care of its debt and deficit.

“We also lowered taxes. I was the author and wrote the largest income tax reduction in state history, being chair of Ways and Means. And what that did is, we specifically looked at individual income tax, and when you cut income tax, it dramatically grew our state. Our economy just took off,” Feenstra mentioned. “And that put us in, right now we have over a billion dollars in cash reserves because the economy just took off in the state of Iowa… That is something I continue to look at, is how you can grow your economy. Because when it comes to debt, there’s two ways you can do it. You can either cut or you can grow the economy.”

Feenstra is not alone amongst Republicans involved concerning the deficit and debt, the latter of which is greater than $27.5 trillion. Following 4 years underneath President Trump by which the U.S. added more to the national debt than it did underneath former President Barack Obama — a pattern that was vastly accelerated by the coronavirus pandemic — there are indicators the GOP is perhaps transferring to show off the spending spigot. 

Republicans all summer season and fall blocked Democrats’ requests for a coronavirus stimulus package deal totaling trillions of {dollars}. And even after Trump requested $2,000 stimulus checks in late December — after complaining concerning the reality the stimulus checks Congress lastly handed had been solely $600 — high GOP senators blocked a invoice to just do that. Senate Majority Leader Mitch McConnell, R-Ky., known as the checks “socialism for rich people.”

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Meanwhile, Senate Republican Whip John Thune, R-S.D., informed The Hill in November that that reducing spending is “kind of getting back to our DNA… I would expect you’ll hear a lot more about that.” He additionally warned that he hopes the following president realizes “how serious the debt crisis is and how important it is that we put measures in place to address it.”

Sen. Mitt Romney, R-Utah, renewed a GOP push for entitlement reform within the second half of 2020. And a bevy of different Republicans, each veteran lawmakers and incoming freshmen, have emphasised their need to chop spending and the deficit. 

“We are in a very tumultuous situation in our in our nation with $26.8 trillion of debt,” Feenstra informed Fox News. “The federal government right now, we’re having big things that have occurred over the last 10 or 15 years. And you can’t continue to go in debt. So one of my top priorities is balancing the budget, trying to create a means to get down that path.

“When it involves spending, I feel the whole lot must be checked out and evaluated on the info and knowledge,” Feenstra continued. “What we’ve got to do is provide you with plans that we will begin determining a approach over the following three to 5 years to a balanced price range after which have a 99% spending restrict the place our nation spends 99% of what it takes in.”

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Feenstra added that reducing different applications would assist “get us to a sturdy footing for issues like Social Security and Medicare, as a result of if you happen to do not, we’re on a catastrophic plan over the following 5 years.”

The freshman representative, however, will be in the minority in the House for at least the next two years. And President-elect Joe Biden has broad and expensive spending plans that would increase the deficit. It will be hard to get any GOP-supported plans, especially those cutting spending, past Democrats. 

But Feenstra says he plans to work across party lines to get as much done as he can, especially on economic issues. 

“I’ve been within the Iowa Senate. I used to be within the minority and the bulk. And you must work collectively on points like agriculture, on points like enterprise,” he said. “If we actually imagine in our nation and our states, then we’ve got to determine methods to develop the economic system.”

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Feenstra, notably, is the Republican who beat former Rep. Steve King, R-Iowa, in a primary. King had a history of racist comments that led House leadership to strip him of his committee assignments. Feenstra told Fox News that he’s excited to give his district more of a voice in Congress, particularly on the House Agriculture Committee. 

“It comes again to delivering outcomes,” Feenstra said when asked why he ran against King. “It’s simply important for us to have a voice.

“We absolutely in Iowa need a voice on the Ag committee,” Feenstra mentioned. “It’s the driving factor of our state and we need to have a voice. And it comes from the voices for the producers that grow the corn or the soybeans, grow the grains or feed the cattle and hogs.”

Feenstra added: “My district is the No. 1 ethanol producer in the country. So being on the Ag committee, those things are twofold.”

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