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2025 Tax Cliff

December 30, 2024 VIDEO: How the Trump Tax Cuts Sharpened America’s Competitive Edge

In a new video released today, Ways and Means Republicans highlight how the 2017 Trump tax cuts brought in historic revenues and…

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December 30, 2024 American Taxpayers Targeted with 22 Percent Tax Hike if Trump Tax Cuts Expire

WASHINGTON, D.C. – For the past four years, working families have been paying an inflation tax of over 20 percent thanks…

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December 27, 2024 Trump Tax Cuts Kept American Companies and Jobs in America

Since the 2017 tax relief, no major American corporation has inverted overseas. WASHINGTON, DC – The Trump tax cuts made America…

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December 23, 2024 Family Farms Will Be Forced to Liquidate if Congress Fails to Extend Trump Tax Cuts

Two million family farmers would see their Death Tax exemption slashed in half. WASHINGTON, D.C. – America’s family farmers are going…

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December 22, 2024 Smith Statement on the Anniversary of the 2017 Trump Tax Cuts

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement to mark the seventh anniversary…

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December 19, 2024 Trump Tax Cuts Give America the Cutting Edge Against Communist China

With Cuts Expired, Chinese Companies Benefit From R&D Expensing 10 Times Larger. WASHINGTON, D.C. – The United States is mired in a…

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December 17, 2024 Top Federal Tax Rate Will Increase to 43.4% for 26 Million Small Businesses if Congress Fails to Act

WASHINGTON, D.C. – Small businesses drive America’s economy, generating jobs and economic growth in communities big and small all across the…

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December 16, 2024 Critical Protections Against Illegal Immigrant Abuse of Tax Code Disappear if Congress Fails to Act

Safeguards put in place to help prevent Child Tax Credit (CTC) benefits from flowing to illegal immigrants, that Republicans passed…

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December 13, 2024 91 Percent of Americans Could Lose Half of Their Guaranteed Deduction

WASHINGTON, D.C. – Any unnecessary delay in extending the 2017 Trump tax cuts heightens the risk that all Americans will see…

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December 11, 2024 40 Million Families at Risk of Seeing Child Tax Credit Slashed in Half

Protecting Families From Tax Hikes Must Be An Immediate Priority of Next Congress WASHINGTON, D.C. – The 2017 Trump tax cuts…

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