"With the new Opportunity Zone legislation in TCJA, investors turned to Erie...Erie has welcomed 110 new residential spaces, created space for 25 new businesses, restored 8 historic properties, revitalized 100,000 square feet of new commercial space, and established a grocery store in what was previously ...
"Erie was once home to the poorest zip code in America. But that changed – in part thanks to the 2017 Trump tax cuts that...made critical investments in the strength and vitality of local communities through the Opportunity Zone program."
As prepared for ...
WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (R-MO) and House Budget Committee Chairman Jodey Arrington (R-TX) sent a letter to Congressional Budget Office (CBO) Director Phillip Swagel and Joint Committee on Taxation (JCT) ...
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) and Representative Michelle Steel (CA-45) called on Department of Labor (DOL) Acting Secretary Julie Su to detail any attempt to “forgive” or ...
Committee passed legislation closes loopholes in the tax code, protects Americans’ First Amendment rights, and raises penalties for the unauthorized disclosure of taxpayer information.
WASHINGTON, D.C. – Yesterday, the Ways and Means ...
"Today's report is more evidence that 'Bidenflation' and high prices will keep creating financial pressure and anxiety for working families."
WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (MO-08) released the ...
As prepared for delivery
"This committee has been concerned with the proliferation of tax-exempt organizations that receive generous benefits under section 501 of the U.S. tax code engaging in activities that may not be in line with the spirit or the letter of the law. Our investigation into this issue ranges ...
WASHINGTON, D.C. – After concluding a lengthy two-year review process, the Biden Administration’s Office of the U.S. Trade Representative (USTR) announced the decision to keep President Trump’s Section 301 tariffs in place to combat China’s unfair trade practices. Ways and Means Committee Chairman Jason Smith (MO-08) issued the following ...
Four Key Moments from Hearing on Empowering Native American and Rural Communities in Scottsdale, Arizona
SALT RIVER PIMA-MARICOPA INDIAN COMMUNITY, ARIZONA – On Friday, inside the council chambers of the Salt River Pima-Maricopa Indian Community, the Ways and Means Committee heard ...
Republican bills promote U.S. election integrity, close loopholes for tax-exempt entities, and protect Americans’ First Amendment rights
WASHINGTON, D.C. – Throughout the 118th Congress, the Committee on Ways and Means ...