WASHINGTON, D.C. – Over 250 medications are currently in short supply, covering everything from asthma and blood clots to treatments for multiple kinds of cancers. At the same time, America is too dependent on foreign countries for ingredients and medical supplies, warned witnesses at a Tuesday Ways and Means Committee hearing on the drug shortage ...

"The purpose of today's hearing is to help us meet this moment and signal to the Biden Administration what strong U.S. leadership at the WTO looks like. These should not be partisan issues." As prepared for delivery.

"It's clear to me that we need to incentivize the development of higher quality drugs and improve purchasing dynamics without relying on mandates from Washington."  As prepared for delivery.

WASHINGTON, D.C. – Lawmakers are in need of an updated review and analysis of the global rice market to implement policies that will best ensure U.S. producers are able to compete on a level playing field, wrote Ways and Means Committee Chairman Jason Smith (MO-08) in a 

Chairman Smith: “Our tax relief package will help make the difference for millions of small businesses trying to make payroll, while they build things here in America.” WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith ...

Chairman Smith: “Interest rates remaining at a 23-year high is another sign that Congress should be providing relief for working families and small businesses hammered by high prices and the interest rates that come with fighting inflation.”

Chairman Smith: “Because of this bill, working parents crushed by high prices will have an easier time putting food on the table, more things will be made here in America, and the nation will be more competitive with China.” WASHINGTON, D.C. ...

"Parents and Main Street communities across this country will see lower taxes, more opportunity, and greater financial security after we pass this legislation." As prepared for delivery.

WASHINGTON, D.C. – Americans in all 50 states will lose jobs and wages if Congress doesn’t restore full research and development (R&D) expensing included in the bipartisan Tax Relief for American Families and Workers Act, according to a 

"The pro-growth, pro-worker provisions in the bill represent $600 billion in tax incentives that encourage Made-in-America investments, better jobs and higher wages." By Ways and Means Committee Chairman Jason Smith (MO-08)