Jobs & Economy

As small businesses make up over 99% of businesses in the Volunteer State, Senator Blackburn has prioritized legislation that gives back to local communities and keeps government regulation out of the way of small businesses. She has worked to lower Internal Revenue Service (IRS) fees and proposed slashing federal spending by 1%, 2%, and 5%. These cuts are targeted at non-defense, non-homeland security, and non-veterans affairs discretionary spending.

Additionally, after the IRS received $80 billion in funding from the Biden administration’s “Inflation Reduction Act” (IRA) to hire 87,000 IRS agents, legislation Senator Blackburn vehemently opposed, she introduced the IRS User Fee Reduction Act to stop the IRS from charging small businesses exorbitant user fees. Senator Blackburn has also introduced legislation to prevent the IRS from using its $80 billion infusion of taxpayer dollars included in the IRA to squeeze more revenue out of hardworking taxpayers.

Furthermore, Senator Blackburn has introduced and fought for legislation that alleviates strains on the supply chain, which have had major consequences on our economy since the global supply chain crisis began in 2021. In early 2023, she introduced the bipartisan Securing Semiconductor Supply Chains Act, which would strengthen federal efforts to expand domestic manufacturing of semiconductor chips by collaborating with federal agencies and state organizations.