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Oversight

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 ...

Chairman Smith Opening Statement: Markup of Oversight Plan for the 118th Congress

February 28, 2023 — Blog

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, ...

Chairman Smith Opening Statement: Markup of Views and Estimates, Oversight Plan for the 118th Congress, and the Protecting Taxpayers and Victims of Unemployment Fraud Act

February 28, 2023 — Blog

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 ...

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 ...