WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Bureau of Labor Statistics released its latest jobs report, showing the labor market created 115,000 new jobs in April:

“This month, we once again are seeing clear evidence that Republican policies are benefitting the working-class Americans and small businesses that we sought to help. Job creation defied expectations once again and wages continue to rise for working families all across this country. As more Americans find work, Uncle Sam is taking less out of their paychecks thanks to the Working Families Tax Cuts. Under that tax relief, higher wages are stacked on top of record refunds that in total returned over $310 billion to American workers with an average refund of nearly $3,300. The rise in real wages under President Trump comes after a decline in wages caused by the failed experiment that was the Democrats’ $10 trillion spending spree on handouts to the wealthy and well-connected. In America’s manufacturing sector alone, the rise in workers’ wages have already recouped the losses they endured under President Biden.

“Republican tax reform is also boosting the prospects for small businesses by making the 20 percent small business deduction permanent, with tax relief projected to deliver a million new jobs annually, while policies like 100 percent immediate expensing and the permanent deduction on interest expenses will free up capital to invest in growth and more hiring. Thanks to the Working Families Tax Cuts, Main Street workers and small business owners are able to celebrate this year’s National Small Business Week with lower taxes, greater certainty, and more opportunity to come.”