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2025 Tax Cliff

April 21, 2025 STUDY: Extending Trump Tax Cuts Would Boost Jobs, Wages, and Economic Growth

A new study from the Council of Economic Advisers (CEA) confirms what working families and small business owners have long…

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April 15, 2025 Chairman Smith on Tax Day: Republicans Are Ready to Deliver on an America First Tax Policy

WASHINGTON, D.C. – Days after Congress took a major step in unlocking the reconciliation process to provide tax relief for working…

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March 27, 2025 ICYMI: Chairman Smith on Squawk Box: “We’re going to deliver for the American People.”

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) joined CNBC’s Squawk Box Wednesday to discuss the latest…

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March 18, 2025 Small Businesses Will Boost GDP By $150 Billion Annually From Extension of Trump Tax Cuts

WASHINGTON, D.C. – Over the next 10 years, small businesses will increase GDP by $75 billion each year because of the…

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February 25, 2025 House Passes Budget Resolution to Advance One, Big Beautiful Bill That Will Deliver Tax Relief to Working Families

WASHINGTON, D.C. – House Republicans took the first step to advance President Trump’s pro-worker, pro-America economic and national security agenda by…

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February 25, 2025 Chairman Smith: A Vote Against This Budget Is A Vote to Raise Taxes on Low-Income Americans

Ways and Means Committee Chairman Jason Smith (MO-08) gave the following remarks on the House floor during debate on the…

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February 25, 2025 Correcting the Record: Trump’s Tax Cuts Were a Boon for the Working Class

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement along with a fact sheet showing President…

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February 25, 2025 Chairman Smith and All Instructed Committee Chairmen United on Advancing GOP Budget Resolution

WASHINGTON, D.C. – Today, Ways and Means Committee Chairman Jason Smith (MO-08), Budget Committee Chairman Jodey Arrington (TX-19), Agriculture Committee Chairman…

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January 27, 2025 Small Businesses Will Create At Least 1 Million New Jobs Annually If Trump Tax Cuts Are Made Permanent

WASHINGTON, DC – Permanently extending the 20 percent deduction for 26 million American small businesses from the 2017 Trump tax cuts…

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