WASHINGTON, D.C. - After the Biden Treasury Department released guidance echoing a policy included in the recent Committee passed American Families & Jobs Act to provide a delay on their own misguided foreign tax credit regulations, House Committee on Ways and Means Chairman Jason Smith (MO-08) and Committee Member ...
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 ...
WASHINGTON, DC – In February, Ford announced a partnership with Chinese Communist Party-aligned battery company, Contemporary Amperex Technology, Co. Limited (CATL), raising serious concerns. In a
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 ...
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. ...
Washington, D.C. – After the Organization for Economic Cooperation and Development released new guidance showing major changes on the global tax regime that would surrender American tax dollars to foreign governments, House Committee on Ways and Means Chairman Jason Smith (MO-08) ...
House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Bureau of Labor Statistics released the Producer Price Index report for June 2023: “Prices paid by small businesses continue to rise, making Main Street’s future ...
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:
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 ...
WASHINGTON, D.C. – House Ways and Means Chairman Jason Smith (MO-08) released the following statement following the release of the Personal Consumption Expenditure (PCE) index, the Federal Reserve’s preferred measure of inflation: “We would not be in this inflation crisis if ...