An Arizona lawmaker has a strong warning about our nation’s debt and the ability to pay.
Representative David Schweikert says things are escalating and he warns it is getting serious.
“How does this committee produce policy that says we’re not going to raise taxes on working people? We need our small businesses to be hitting a new productivity curve because that’s how we survive. But at the same time, how do we thread the needle and communicate to the world debt markets that we’re serious? Please don’t keep raising our interest rates because at this moment, if where the interest rates are going, just that increase of going to a five handle is double the cost of extending all these tax provisions. Understand if we don’t get this right, the debt and bond markets are going to run this country not us.”
Schweikert says the nation’s debt is up almost a full point since December. Farm CPA’s also spoke this week before the powerful House Ways and Means Committee. They have urged lawmakers to not let the Trump tax cuts expire. House Speaker Mike Johnson also said recently that they are a top priority for his office.
Lewie Pugh, with the Owner-Operator Independent Drivers Association, joined us on Monday’s Market Day Report to share his perspective on what the bill could mean for truckers.
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Recognizing phosphorus and potash as critical minerals underscores their importance in crop production and food security, providing producers with an added layer of risk protection.
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