PARIS - In a meeting with the Organization for Economic Co-operation and Development (OECD), the international association coordinating the global tax deal, members of the House Ways and Means Committee, led by Chairman Jason Smith (MO-08), made clear that countries that try to use the OECD global tax deal to steal away American jobs and tax revenues can expect ...
WASHINGTON, D.C. – The Democrats’ so-called “Inflation Reduction Act” (IRA) was never anything other than a smoke screen for their extreme spending agenda and handouts to the wealthy and well-connected. On the one-year anniversary of President Biden signing the IRA, it is as clear today as it was then that the law was not intended to help ...
WASHINGTON, D.C. — House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Consumer Price Index showed topline inflation accelerating for the first time in 13 months and prices rising 16.9 percent since Joe Biden became President:
WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Bureau of Labor Statistics released the July 2023 jobs report:
“Since President Biden took office, our economy has struggled to return to the trend of employment levels that ...
SEOUL, KOREA – House Committee on Ways and Means Chairman Jason Smith (MO-08) led a bipartisan delegation of House members to Seoul, Korea where they participated in bilateral meetings held by South Korean President Yoon Suk Yeol and other prominent Korean government officials focused on U.S.-Korea economic relations.
WASHINGTON, DC – Congressman Lloyd Smucker (PA-11) introduced the Main Street Tax Certainty Act, H.R. 4721, legislation which would permanently extend Section 199A of the Internal Revenue Code, which is slated to expire in 2025. Smucker’s bipartisan legislation is cosponsored by 92 Members and is supported by all Republican Members of the Ways & Means ...
WASHINGTON, DC – The Federal Reserve continued its campaign to end the crisis of ever higher prices sparked by Washington Democrats’ $10 trillion spending agenda – announcing another increase in interest rates by 0.25 percent. The Fed has a 2 percent target for inflation. The last reading ...
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
