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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)

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 ...

Smith: Congress Must Confront Joe Biden’s Inflation Mess 

January 12, 2023 — 'Inflation Reduction Act'

WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed prices remaining at a 40-year high of 6.5 percent, with overall prices having risen 13.9 percent since Joe Biden became President: “President Biden and Washington Democrats created a vicious cycle of deficit spending leading to ...