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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)

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

March 04, 2023 — Blog

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 ...

Smith to Yellen: Do Not Delay Testifying About Biden’s Spending and Tax Plans

February 10, 2023 — 'Inflation Reduction Act'

Washington, D.C. – Rather than keep Congress waiting for the Biden Administration’s plans for how it will use $80 billion in new funding for audits and tax enforcement or details on the myriad of other ways in which the Administration will saddle middle class families with higher taxes and more debt to pay for its welfare for the wealthy agenda, House Ways and Means Committee ...

Smith: Biden’s War on Working Class Intensifies with Supercharged IRS Stepping Up Enforcement Against Tipped Service Workers

February 09, 2023 — 'Inflation Reduction Act'

Washington, DC – In another instance of President Biden violating his pledge not to use the newly supercharged IRS against workers earning less than $400,000 a year, the tax collection agency announced a new dragnet to ensure workers properly report their tips. The program, according to an IRS announcement, is “to improve tip reporting compliance” but is just the latest effort to scrutinize ...