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Ways and Means Republicans Get Answers from Secretary Yellen About Biden’s Tax Hikes and IRS’s Repeated Abuse of Taxpayers

March 10, 2023 — 'Inflation Reduction Act'

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 ...

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 ...

Biden’s Inflation Crisis Continues to Hammer Working Families, Small Businesses

February 24, 2023 — Bidenflation

WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, showed prices rose 5.4 percent over a year ago:   “America is firmly stuck in an ongoing inflation crisis caused by Washington ...

Smith: Small Businesses Can’t Catch a Break in Biden’s Economy

February 16, 2023 — Bidenflation

WASHINGTON, DC — House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed wholesale prices rising by 6 percent, higher than expectations. America’s small businesses are being forced to pay more for goods, leading to higher prices for families: