WASHINGTON, DC – Green welfare for the wealthy and well-connected is exploding under Democrats’ Inflation Reduction Act (IRA), as hundreds of billions of tax dollars are flowing to big banks, corporations, and the Chinese Communist Party, witnesses revealed during a hearing of the House Ways and Means Committee on Wednesday.
“A Low Emission Fire Sale Only ...
WASHINGTON, D.C. - House Committee on Ways and Means Chairman Jason Smith (MO-08) announced that the Committee will hold a field hearing on the State of the American Economy: The South. The hearing will take place Friday, April 21, 2023, in Peachtree City, Georgia.
As prepared for delivery.
"We are here today to examine what has happened with the mountain of “green” special interest tax breaks in the President’s so-called “Inflation Reduction Act.” In the eight months since that law’s passage, three things are clear.
"Number 1: Taxpayers are footing a bill for these tax breaks that are hundreds of billions above what they were ...
WASHINGTON, DC - Billion-dollar corporations and big banks will be the primary beneficiary of corporate tax breaks stuffed inside the so-called Inflation Reduction Act, according to the nonpartisan Joint Committee on Taxation. These tax breaks are a massive ...
WASHINGTON, D.C. – Ways and Means Chairman Jason Smith (MO-08) issued the following statement in observance of Tax Day, warning of the increased threat to taxpayers posed by Democrat efforts to supercharge the IRS and hike taxes on workers and small businesses.
“For working-class Americans, ...
WASHINGTON, DC – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed wholesale prices rising by 2.7 percent from the previous year, which get passed down to consumers in the form of higher prices at the checkout counter:
WASHINGTON, DC – Americans will continue to suffer under President Biden’s inflation crisis, after the latest Consumer Price Index report showed inflation at 5.0 percent, an over 30 year high, and inflation rising 14.9 percentage points since Joe Biden became President.
Ways and Means Committee Chairman Jason Smith (MO-08) released the following ...
WASHINGTON, DC – Democrats’ “green” energy subsidies in the so-called “Inflation Reduction Act” (IRA) will cost three times what was originally projected, according to new analysis featured in the Wall Street Journal. ...
WASHINGTON, DC – As part of its “welfare for the wealthy” agenda that will shower high earners and corporations with taxpayer handouts, the Biden Administration unveiled a regulatory proposal Friday on critical mineral and battery component requirements for the $7,500 electric vehicle tax credit in the so-called Inflation Reduction Act. The proposal fails to counter China’s ...
WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement on February’s personal consumption expenditures (PCE) report from the Bureau of Economic Analysis (BEA)--the Federal Reserve’s preferred measure of inflation–that shows prices remain 5 percent higher than one year ago:
