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ICYMI: Chairman Smith on Fox News Sunday: Working Families, Small Businesses, and Farmers are the Priority in this Tax Bill

May 06, 2025

WASHINGTON, D.C. – In an interview with Shannon Bream on Fox News Sunday, Ways and Means Committee Chairman Jason Smith (MO-08) made it very clear: Republicans’ priority in the one, big, beautiful bill will be working families, small businesses, and farmers. Failure to deliver meaningful tax relief for those Americans is not an option.

Click here to watch the full interview.

Interview Excerpts

On the dynamics of the House…

“We have one of the smallest majorities in the history of America. But… we’ve been preparing for this moment to deliver tax cuts for working families, small business owners, and farmers, and failure is simply not an option. Will it be bumpy, Shannon? It absolutely is. This is the House of Representatives. But will we get the job done? We absolutely will. Failure is not an option. If we don’t, Shannon, every single American will face, on average, a 22% tax increase.”

On Republicans’ priorities…

“What I will tell you right now, if we do not deliver on this tax bill, Americans who make less than $400,000 will face $2 trillion worth of tax increases. That is devastating. The Child Tax Credit, which a lot of working families, in fact, 40 million working families depend on, will be slashed in half. It would go from $2,000 to $1,000. The Guaranteed Deduction, which 91% of Americans use to file their taxes, gets slashed in half. Every individual tax rate would go up. These are real taxes on real Americans. Unfortunately, the Democrat party just uses the same talking points. We’re going to deliver tax relief for working families, small business owners and farmers. That is our priority.

On the President’s tax priorities…

We can eliminate bad tax policy and replace it with tax relief for working families.For example, the green new tax scam that the Biden Administration moved forward,there’s hundreds of billions of dollars to eliminate there that could pay for no tax on tips, no tax on overtime, and tax relief for seniors. And we’re going to deliver on that.