Hidden inside President Biden’s Fiscal Year (FY) 2025 Budget is the revelation that he will increase taxes by a whopping $7 trillion, thanks to a range of tax increases and the expiration of Republicans’ 2017 tax reform. Ways and Means ...
WASHINGTON, D.C. – Conceding widespread confusion over Democrats’ law requiring payment platforms to report to the IRS on all transaction totaling more than just $600, the Biden Administration announced it would delay implementation for a second year in a row. The delay comes one week after the Government Accountability Office announced that the ...
WASHINGTON, D.C. - House Ways and Means Chairman Jason Smith (MO-08) released the following statement after the House of Representatives passed legislation on a bipartisan basis to support Israel’s defense in response to the October 7 terrorist attack by Hamas:
WASHINGTON, D.C. -- House Republicans are redirecting $14.3 billion of the $80 billion awarded to the IRS to instead support our ally, Israel. This is the same funding the IRS planned to use to hire 87,000 new agents to increase audits on the middle class. It is also the same funding that congressional Democrats and the White House agreed to cut by $21 ...
An Internal Revenue Service (IRS) consultant was finally charged today for leaking confidential tax material belonging to former President Donald Trump and thousands of other individuals beginning in 2018. The unauthorized disclosure raises concerns about targeted political leaks by the IRS geared towards supporting Democrats’ effort to supercharge the agency and weaponize tax information ...
WASHINGTON, D.C. – After the Internal Revenue Service (IRS) announced it was ending “most” unannounced visits by revenue officers to homes and businesses, House Committee on Ways and Means Chairman Jason Smith (MO-08) issued the following statement: “There’s little reason to cheer the IRS’s recent announcement that it ...
The Ways and Means Committee recently voted to make public transcribed interviews of IRS employees assigned to the Hunter Biden investigations who are blowing the whistle on misconduct at the IRS and the Department of Justice surrounding that investigation. Click here ...
WASHINGTON, D.C. – After Hunter Biden’s attorneys sent a 10-page letter to the Ways and Means Committee attempting to discredit IRS employees blowing the whistle on misconduct and abuse in an investigation into their client, Chairman Jason Smith (MO-08) issued the following statement:
WASHINGTON, D.C.—House Committee on Ways and Means Chairman Jason Smith (R-Mo.), Committee on Oversight and Accountability Chairman James Comer (R-Ky.), and Committee on the Judiciary Chairman Jim Jordan (R-Ohio), today issued the following statement on their commitment to pursue a thorough inquiry into misconduct at ...
The Biden Administration’s study to examine whether the IRS should be the tax preparer, filer, and auditor for millions of Americans was nothing more than a box-checking exercise – as confirmed by the outcome of the $15 million feasibility study released by the IRS today and reports that the agency has already initiated a direct e-file pilot program. The so-called “Inflation Reduction ...