While testifying before the Ways and Means Committee on Friday, Treasury Secretary Janet Yellen made a number of remarks that were newsworthy, ranging from how IRS audits will impact the middle class, to her refusal to share details about who will really pay President Biden’s proposed tax hikes. Here are six key moments.
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 ...
"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 ...
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.