WASHINGTON, D.C. – In a new video, Ways and Means Republicans outline how the 2017 Trump tax cuts maximized growth and sparked a massive economic recovery that benefitted American workers and small businesses. With roughly $4.6 trillion of expiring provisions next year, a failure to extend the current tax relief would have disastrous consequences for working families and job creators, warned Committee members in the video. In an effort to build on the success of the Trump tax cuts, Ways and Means Chairman Jason Smith (MO-08) and Tax Subcommittee Chair Mike Kelly (PA-16) created 10 tax teams earlier this year to analyze the key tax policies Congress must address to maximize relief for American families, farmers, workers, and small businesses in the wake of the Biden-Harris Administration’s inflation crisis.
“We saw the incredible success the 2017 Trump tax cuts brought to our economy: higher wages, record-low unemployment, and immense growth that benefitted working families. For the last year, Ways and Means tax teams have held over 120 events across 20 states to hear directly from Americans who will be affected if these tax provisions go away. They want Congress to work with President Trump to deliver relief from the past four years of crushing inflation. Our members are laser-focused on identifying ways we can replicate the success of the 2017 Trump tax cuts and work with President Trump to deliver once again for farmers, families, workers, and small businesses,” said Ways and Means Chairman Jason Smith (MO-08).