The Biden-Harris Administration’s plan to allow the Trump tax cuts to expire and raise taxes by $7 trillion would have devastating consequences for all Americans, warned Ways and Means Republicans in a new video released today. Earlier this year, Ways and Means Chairman Jason Smith (MO-08) and Tax Subcommittee Chair Mike Kelly (PA-16) created 10 tax teams to analyze the key provisions of the Trump tax cuts that would maximize relief for families, farmers, workers, and small businesses in the wake of the Biden-Harris administration’s inflation crisis.
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“To date, Ways and Means tax teams have held over 120 events across 20 states to hear directly from Americans who will be affected by the Biden-Harris tax hike, as well as identify solutions for how Congress can prevent the expiration of key provisions, and protect the average American taxpayer from a 22 percent tax hike,” said Ways and Means Committee Chairman Jason Smith (MO-08) on the release of today’s video. “The economic growth, job creation, and record low poverty that resulted from the Trump tax cuts made a positive impact on the lives of the American people, which has been echoed by workers and business owners at tax team roundtables and events we have held across the country. Working together, Republicans are fighting to keep the voices and the concerns of America’s workers, families, farmers, and small businesses front and center as we work to build on the success of the Trump tax cuts.”