While testifying before the Ways and Means Committee on Friday, Treasury Secretary Janet Yellen made a number of remarks that were newsworthy, ranging from how IRS audits will impact the middle class, to her refusal to share details about who will really pay President Biden’s proposed tax hikes. Here are six key moments.
Secretary Yellen committed to make public the ...
WASHINGTON, DC – House Ways and Means Committee Republicans questioned Secretary Yellen about the Biden Administration’s plans to spend $80 billion to hire 87,000 agents to audit working-class families, raise taxes by $4.7 trillion, and its failure to reassure the public about the IRS’s politically motivated leaks of confidential tax information.
WASHINGTON, DC – President Biden’s budget puts patients and cures last while expanding Washington command and control over America’s health care economy. This budget ignores looming cuts to Medicare, doubles down on Democrats’ harmful cures-limiting plans, expands government-controlled health care, imposes hundreds of billions in new taxes on small businesses, and ...
"Thank you, Madame Secretary, for appearing before the Ways & Means Committee today. I will note, last year we waited 71 days between the release of the President’s Budget and your testimony before this Committee. So we commend you for promptly appearing today, on the day after the Budget was released, to defend President Biden’s $5 trillion tax hike.
"After two years of economic ...
WASHINGTON, D.C. — Today, the House Ways and Means Committee, led by Chairman Jason Smith (MO-08), favorably reported out the Default Prevention Act, which would prevent defaulting on our debt, along with an important amendment by Chairman Smith that protects seniors and requires the Biden Administration to put America’s veterans, military families, and national defense ...
WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after President Biden released his Fiscal Year 2024 budget that raises taxes on small businesses, ignores imminent Medicare cuts, and hands even more money to the IRS:
“Does President Biden even know his policies ...
Opening Tuesday's field hearing on the State of the American Economy: The Heartland, Chairman Jason Smith (MO-08) delivered the following opening statement:
"Welcome to the second field hearing of the Ways and Means ...
Small businesses continue to be weighed down by historic inflation, chronic labor shortages, and pessimistic expectations of economic conditions for the future, according to the NFIB Small Business Optimism Index. Small businesses are still facing ...
WASHINGTON, DC – House Ways and Means Chairman Jason Smith (MO-08) released the following statement in response to the first reading of 2022 Q4 GDP showing 2.9 percent annualized growth:
“After two straight quarters of decline in 2022, any economic growth is welcomed. Yet underlying demand and investment remains weak and half of the growth ...
WASHINGTON, D.C. – The House Ways and Means Committee, under a new Republican majority, has established an online form to assist Internal Revenue Service (IRS) personnel who wish to submit information confidentially to the Committee regarding any inappropriate behavior or mishandling of taxpayer ...
