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'Inflation Reduction Act'

Democrats’ Manchin Biden Build Back Better bill means higher taxes, harassing IRS audits on lower- and middle-income earners, and no relief from inflation, all as America battles a recession.

“Democrats promise that no American will “see a penny” of tax hikes. Yet Congress’ own Budget Office debunks that claim, confirming the largest burden of higher taxes will come from middle-class families starting next year.” -Ways and Means Republican Leader Rep. Kevin Brady (R-TX)

Ways and Means Republicans Get Answers from Secretary Yellen About Biden’s Tax Hikes and IRS’s Repeated Abuse of Taxpayers

March 10, 2023 — 'Inflation Reduction Act'

WASHINGTON, DC – House Ways and Means Committee Republicans questioned Secretary Yellen about the Biden Administration’s plans to spend $80 billion to hire 87,000 agents to audit working-class families, raise taxes by $4.7 trillion, and its failure to reassure the public about the IRS’s politically motivated leaks of confidential tax information.

Biden’s Budget on Health Care: Medicare Cuts, Fewer Cures, Higher Drug Prices, and More Government Control.

March 10, 2023 — 'Inflation Reduction Act'

WASHINGTON, DC – President Biden’s budget puts patients and cures last while expanding Washington command and control over America’s health care economy. This budget ignores looming cuts to Medicare, doubles down on Democrats’ harmful cures-limiting plans, expands government-controlled health care, imposes hundreds of billions in new taxes on small businesses, and ...

Chairman Smith: After giving the IRS an $80 billion raise, the Biden Admin now wants taxpayers to give the IRS another $43.2 billion.

March 10, 2023 — 'Inflation Reduction Act'

"Thank you, Madame Secretary, for appearing before the Ways & Means Committee today. I will note, last year we waited 71 days between the release of the President’s Budget and your testimony before this Committee.  So we commend you for promptly appearing today, on the day after the Budget was released, to defend President Biden’s $5 trillion tax hike. "After two years of economic ...

Smith: Biden Administration Must Come Clean About Its Tax Hike Plan

March 09, 2023 — Press Releases

WASHINGTON, DC – American taxpayers struggling in the Biden economy deserve answers about how President Biden’s $4.7 trillion tax hike, proposed in his fiscal year (FY) 2024 budget, will impact them, wrote Ways and Means Chairman Jason Smith (MO-08) in a letter to ...

Smith, Schweikert Call Out Biden Administration for Cooking the Books on IRS E-File Study

March 04, 2023 — Press Releases

WASHINGTON, DC – A think tank with ties to the liberal wing of the Democrat party is drawing scrutiny from Ways and Means Republicans after it was selected by the Biden Administration to receive $15 million in taxpayer funds to “review” an e-file program designed to make the Internal Revenue Service (IRS) both tax collector and tax preparer – a program for which the ...

Congressional Republicans Push for Transparency, Accountability of Drug Price-Setting Fund

February 23, 2023 — 'Inflation Reduction Act'

WASHINGTON, D.C. - House Ways and Means Chairman Jason Smith (MO-08), U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Finance Committee, and House Energy and Commerce Chair Cathy McMorris Rodgers (WA-05) are requesting detailed information from top government health officials regarding the $3 billion drug price-setting implementation fund included in the ...