In retaliation for Hungary’s opposition to the global minimum tax agreement sought by the Biden Administration, Treasury terminated a longstanding U.S.-Hungary tax treaty – part of a larger trend of the agency’s failure to appropriately consult Congress regarding global tax negotiations and related issues.
Tax matters fall under the jurisdiction of the House Committee on Ways and ...
After the October jobs report from the Bureau of Labor Statistics showed an increase to 3.7 percent unemployment and a decline in labor force participation,Ways and Means Republican Leader Rep. Kevin Brady (R-TX) released the following statement:
“The workforce is shrinking, job growth is slowing, and unemployment is rising – these are all signs ...
“Republicans have a strong record of bringing relief to American families and businesses. In 2017, we passed the most comprehensive overhaul of our tax code in more than three decades,” writes Ways and Means Member Rep. Vern Buchanan (R-FL) in
Amid unresolved questions surrounding certain states’ decisions to require nursing homes to admit or re-admit COVID-19 infected residents – regardless of whether the facilities were capable of complying with CDC guidelines – Ways and Means Republicans are renewing their calls for transparency from the Department of Health and Human Services (HHS).
Specifically, Ways and Means Republican ...
Democrats dangerously expanded the GOP-created Child Tax Credit (CTC) and turned it into a wasteful stimulus program that fueled inflation and discouraged work. What’s more, the Democrats’ CTC was plagued with problems, with preliminary reports finding that more than $1 billion has been lost in improper payments and at least 4 million families are still waiting to receive ...
“In President Trump’s economy after the tax cuts, we saw wages not only growing but they were growing twice as fast as inflation,” Ways and Means Republican Leader Rep. Kevin Brady (R-TX) said on “Your World” with Neil Cavuto on Fox News, five years after the Tax Cuts and Jobs Act was introduced in the House of Representatives. In President Biden’s cruel ...
In a now deleted tweet, the White House took credit for an automatic cost-of-living increase in seniors’ Social Security checks. The problem: The only thing the White House can take credit for is the historic inflation that led to the need to increase Social Security payments.
While President Biden falsely claims credit for an automatic increase in Social Security payments, even reporters from the New York Times and the Washington Post are debunking the claim. “There's so much disinformation and fear mongering coming out of the White House. I think everyone understands why Social Security payments went up: Because inflation is crushing so many seniors,” ...
A permanent extension of the Democrats’ 2021 Child Tax Credit policy would cost taxpayers $1.4 trillion over the next decade, reduce economic growth, business investment, and labor force participation while resulting in higher inflation, according to a recent analysis by the Joint Committee on Taxation (JCT)
“If Congress does not take action, working and middle-class families will face tax increases, which stifle domestic innovation and investment and make America less competitive abroad,” writes Ways and Means Member Rep. David Kustoff (R-TN) in a ...
