‘Inflation Reduction Act’
Hidden inside President Biden’s Fiscal Year (FY) 2025 Budget is the revelation that he will increase taxes by a whopping…
Read More (The Biden Tax Hike Will Likely Exceed $7 Trillion )Washington, DC – Ways and Means Chairman Jason Smith (MO-08) issued the following statement on President Biden’s release of his Fiscal…
Read More (Biden Budget Message to Taxpayers: The Beatings Will Continue Until Morale Improves)Washington, D.C. – With reports that President Biden will use Thursday’s State of the Union Address to propose new tax increases,…
Read More (Chairman Smith: Americans Can’t Afford the Tax Hikes Planned for Tonight’s State of the Union Speech)WASHINGTON, D.C. – Conceding widespread confusion over Democrats’ law requiring payment platforms to report to the IRS on all transaction totaling…
Read More (Chairman Smith: IRS Concedes Democrat Signature Law Unworkable, Illegally Rewrites Key Provision)WASHINGTON, D.C. – House Ways and Means Chairman Jason Smith (MO-08) released the following statement after the House of Representatives passed legislation on…
Read More (Chairman Smith Applauds Passage of Funding to Support Israel’s Defense)WASHINGTON, D.C. — House Republicans are redirecting $14.3 billion of the $80 billion awarded to the IRS to instead support…
Read More (Support Israel. Protect the Middle Class. Redirect IRS Funding.)An Internal Revenue Service (IRS) consultant was finally charged today for leaking confidential tax material belonging to former President Donald…
Read More (Smith: Prosecution of IRS Leaker Comes After Years of Republican Calls for Investigation, Will IRS Explain What Happened and How They Will Fix It?)BERLIN – Top German finance officials met with Ways and Means Chairman Jason Smith (MO-08) and Committee members to discuss…
Read More (In Germany, Ways & Means Members Highlight How OECD Global Tax Deal Harms Jobs, Emboldens China, and Would Spark Global Tax Instability)The Biden Administration has announced the first 10 medications under its new Medicare price-setting plan for prescription drugs that was…
Read More (Fact Sheet: Democrats’ Drug Price-Setting Scheme Dismantles Medicare’s Promise, Undermines Seniors’ Health)WASHINGTON, D.C. – After the Internal Revenue Service (IRS) announced it was ending “most” unannounced visits by revenue officers to homes and…
Read More (Smith: Ending Unannounced Visits by IRS Agents Hardly Addresses Problems with IRS Political Targeting and Favoritism)