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Four Key Moments from Ways & Means Tax Subcommittee’s Hearing Detailing How Biden’s Global Tax Surrender Hurts Workers and the American Economy

July 21, 2023 — Blog

WASHINGTON – During a Ways and Means Tax Subcommittee hearing examining the Organization for Economic Co-operation and Development (OECD) global tax deal negotiated by the Biden Administration, Committee Members found the proposal would hurt American companies, kill American jobs, give Chinese Communist Party-sponsored businesses a global economic ...

Tax Subcommittee Chairman Kelly – Hearing on Biden’s Global Tax Surrender Harms American Workers and Our Economy

July 19, 2023 — Blog

As prepared for delivery.   "Welcome everyone, to this Tax Subcommittee Hearing, and thank you, Mr. Plowgian for joining us. We are here to discuss a matter critical to our nation’s economic success.   "Perhaps it began innocently enough.  The US had just enacted a historic reform of our tax laws, including the world’s first global minimum tax which only applied to US ...

Rep. Estes Introduces Legislation to Protect Americans from Unfair Taxes in Global Tax Pact

July 18, 2023 — Blog

WASHINGTON, D.C. – Rep. Ron Estes (R-KS), joined by Way and Means Committee Chairman Jason Smith (R-MO) and other colleagues, introduced the Unfair Tax Prevention Act to discourage foreign countries from attacking U.S. jobs and tax revenues through the Organization for Economic Co-operation and Development’s (OECD) Pillar 2 so-called Under Taxed Profit Rule (UTPR) surtax. ...

Chairman Smith: Democrats’ Inflation Mess Pickpocketed Families. Republicans Are Acting to Put Money Back Into Their Pockets.

July 12, 2023 — Bidenflation

House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the June Consumer Price Index report showed prices continuing to increase at a high rate with core inflation increasing 4.8 percent year over year and the broader measure still substantially above the Federal Reserve’s target rate of 2 percent:  

Smith, Crapo, Neal, and Wyden Release Discussion Draft of Bill Providing Relief for U.S. and Taiwanese Workers and Businesses from Double Taxation

July 12, 2023 — Blog

WASHINGTON, D.C. — House Ways & Means Committee Chairman Jason Smith (R-MO), Senate Finance Committee Ranking Member Mike Crapo (R-ID), House Ways & Means Committee Ranking Member Richard E. Neal (D-MA), and Senate Finance Committee Chairman Ron Wyden (D-OR) released a discussion draft of legislation to provide relief from double-taxation for workers and businesses ...