WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after President Biden released his Fiscal Year 2024 budget that raises taxes on small businesses, ignores imminent Medicare cuts, and hands even more money to the IRS:
President Biden's Fiscal Year (FY) 2024 budget request calls for an additional 43.2 billion for the IRS and bizarre woke and climate priorities for Treasury over improving the dysfunctional IRS. Click here for a printable PDF.
WASHINGTON, D.C. – Taxpayers whose privacy has been repeatedly abused and their financial information leaked by the government deserve answers from the Internal Revenue Service (IRS), wrote House Ways and Means Committee Chairman Jason Smith (MO-08) and House Ways and Means Subcommittee on Oversight Chairman David Schweikert (AZ-01) in a
As prepared for delivery "During two years of one-party Democrat rule in Washington, this Committee should have done robust oversight of the Biden Administration – instead, it overlooked the Administration’s worst behaviors. Whether it was rampant spending driving up inflation or tax increases that will only further shrink the wallets of families, farmers, and small businesses, ...
As prepared for delivery. "Last year, Americans told Congress that our country needed a new direction. Small businesses, farmers, and working families are fed up with the crises that have come to define life in Biden’s America. "These crises did not happen by accident – they are the result of choices made by Washington ...
WASHINGTON, DC – After the IRS failed to fulfill a request by Congress’s top tax panel to inform the agency’s more than 80,000 employees about a new whistleblower portal for reporting ...
Washington, D.C. – Restoring public trust and accountability to the Internal Revenue Service (IRS) must be a top priority for its next commissioner, said House Ways and Means Committee Chairman Jason Smith (MO-08) ahead of today’s Senate confirmation hearing with Biden nominee Daniel Werfel.
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 ...
WASHINGTON, D.C. - The Organization for Economic Co-operation and Development (OECD) must stop colluding with the Biden Administration to enact a global tax deal that will surrender American sovereignty, destroy American jobs, and hand China a global economic competitive advantage, House Ways and Means Committee Chairman Jason Smith (MO-08)
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 ...