Advocating for Iowa families and taxpayers in Congress
Our economy is in tough shape. Cumulative inflation has skyrocketed by nearly 20% since President Biden took office while real wages have fallen by roughly 4.4%. The Bureau of Economic Analysis estimated that the economy grew at a rate of only 1.3% in the first quarter of 2024 – three points lower than predicted – while interest rates have surpassed their highest levels in 23 years.