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2025 Tax Cliff

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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December 10, 2024 ICYMI – Chairman Smith on Kudlow: House Republicans Ready to Pass Trump’s Economic Agenda

WASHINGTON, D.C. – In an interview with Larry Kudlow, Ways and Means Committee Chairman Jason Smith (MO-08) stressed the importance…

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December 05, 2024 Pro-Growth Trump Tax Cuts Are Pro-Worker Tax Cuts

After the 2017 Trump tax cuts, working Americans saw their real wages rise at the fastest rate in 20 years. …

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December 04, 2024 VIDEO: Ways & Means Republicans Highlight Importance of Trump Tax Cuts for American Small Businesses

WASHINGTON, D.C. – In a new video, Ways and Means Republicans outline how the 2017 Trump tax cuts maximized growth and sparked…

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