WASHINGTON, D.C. – President Biden’s Fiscal Year 2024 (FY24) budget would cut jobs, slash wages, and reduce economic growth for families already struggling to get by, according to a new non-partisan study. In a recent analysis, the Tax Foundation found that President Biden’s $4.7 trillion tax hike ...
Washington, D.C. — House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Producer Price Index showed wholesale prices rising by 4.6 percent from the previous year: “Main Street businesses are still being forced to pay 4.6 percent more for goods ...
WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Consumer Price Index showed inflation rising 6.0 percent from the previous year -- matching a pre-pandemic high of 30 years -- with prices having risen 14.8 percent since the President took the oath ...
While testifying before the Ways and Means Committee on Friday, Treasury Secretary Janet Yellen made a number of remarks that were newsworthy, ranging from how IRS audits will impact the middle class, to her refusal to share details about who will really pay President Biden’s proposed tax hikes. Here are six key moments.
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 ...
"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 ...
WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after President Biden released his Fiscal Year 2024 budget that raises taxes on small businesses, ignores imminent Medicare cuts, and hands even more money to the IRS:
Opening Tuesday's field hearing on the State of the American Economy: The Heartland, Chairman Jason ...
By Chairman Jason Smith (MO-08) Washington Times Inflation has robbed Americans’ wallets month after month since President Biden took office and launched his partisan spending spree. It has hit seniors particularly hard. Many are choosing to delay retirement and struggling to buy ...
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 ...