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Economic Statements

April 25, 2024 Smith: Why Is Biden Pledging Tax Hikes on Families & Main Street as Economy Falters?

WASHINGTON, D.C. – Falling far short of expectations, America’s economy grew by just 1.6 percent in the first quarter of 2024,…

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April 10, 2024 Chairman Smith: Congress Must Listen to Working Families and Provide Immediate Tax Relief from Bidenflation

“Under the tax relief package that passed the House of Representatives with overwhelming support, job creators would have more resources…

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April 06, 2024 Chairman Smith: Bidenomics Is an Attack on Small Businesses and Blue-Collar Jobs

“Small businesses and workers who lose their job are paying the price for Democrats’ failed leadership.” WASHINGTON, D.C. – Ways and…

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March 29, 2024 Chairman Smith: Families Need Tax Relief To Fight Bidenflation and High Prices

“The best chance to deliver real assistance to families and American job creators as quickly as possible is the Tax…

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March 20, 2024 Chairman Smith: High Interest Rates More Evidence of President Biden’s Failed Leadership

“Interest rates are remaining at the highest levels in 23 years because Bidenflation is still out of control.” WASHINGTON, D.C. –…

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March 19, 2024 Tax Relief for American Families & Workers Act Gives America an Edge Against China

WASHINGTON, D.C. – American workers and businesses will finally receive the tools needed to directly respond to China’s growing global economic…

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March 14, 2024 The Biden Tax Hike Will Likely Exceed $7 Trillion 

Hidden inside President Biden’s Fiscal Year (FY) 2025 Budget is the revelation that he will increase taxes by a whopping…

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March 13, 2024 Smith, Crapo: Biden Administration Should Negotiate a Better Global Tax Deal for America

Washington, D.C. – The United States stands to lose billions of revenue under the Organization for Economic Cooperation and Development’s…

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March 12, 2024 Chairman Smith: Families Need Tax Relief, Not Another Round of President Biden’s Failed Economic Policies

“The last thing families need is more ‘Bidenomics’ that robs the pockets of working families while making America’s job creators…

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March 12, 2024 Biden Budget Message to Taxpayers: The Beatings Will Continue Until Morale Improves

Washington, DC – Ways and Means Chairman Jason Smith (MO-08) issued the following statement on President Biden’s release of his Fiscal…

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