Hidden inside President Biden’s Fiscal Year (FY) 2025 Budget is the revelation that he will increase taxes by a whopping $7 trillion, thanks to a range of tax increases and the expiration of Republicans’ 2017 tax reform. Ways and Means ...
Washington, DC – Ways and Means Chairman Jason Smith (MO-08) issued the following statement on President Biden’s release of his Fiscal Year 2025 budget: “This President is more confused than normal if he thinks House Republicans will go along with adding $16 trillion to our public debt while ...
Washington, D.C. – With reports that President Biden will use Thursday’s State of the Union Address to propose new tax increases, Ways and Means Chairman Jason Smith (MO-08) issued the following statement: “President Biden tonight plans ...
WASHINGTON, D.C. – Conceding widespread confusion over Democrats’ law requiring payment platforms to report to the IRS on all transaction totaling more than just $600, the Biden Administration announced it would delay implementation for a second year in a row. The delay comes one week after the Government Accountability Office announced that the ...
WASHINGTON, D.C. - House Ways and Means Chairman Jason Smith (MO-08) released the following statement after the House of Representatives passed legislation on a bipartisan basis to support Israel’s defense in response to the October 7 terrorist attack by Hamas:
WASHINGTON, D.C. -- House Republicans are redirecting $14.3 billion of the $80 billion awarded to the IRS to instead support our ally, Israel. This is the same funding the IRS planned to use to hire 87,000 new agents to increase audits on the middle class. It is also the same funding that congressional Democrats and the White House agreed to cut by $21 ...
An Internal Revenue Service (IRS) consultant was finally charged today for leaking confidential tax material belonging to former President Donald Trump and thousands of other individuals beginning in 2018. The unauthorized disclosure raises concerns about targeted political leaks by the IRS geared towards supporting Democrats’ effort to supercharge the agency and weaponize tax information ...
BERLIN – Top German finance officials met with Ways and Means Chairman Jason Smith (MO-08) and Committee members to discuss Americans’ deep concerns with the global tax surrender negotiated by President Biden at the Organization for Economic Development and Cooperation on Monday.
The Biden Administration has announced the first 10 medications under its new Medicare price-setting plan for prescription drugs that was established by the Democrats’ so-called “Inflation Reduction Act.” This new regime to impose price-controls set by Washington bureaucrats is an unworkable, ...
WASHINGTON, D.C. – After the Internal Revenue Service (IRS) announced it was ending “most” unannounced visits by revenue officers to homes and businesses, House Committee on Ways and Means Chairman Jason Smith (MO-08) issued the following statement: “There’s little reason to cheer the IRS’s recent announcement that it ...