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Tax

Chairman Smith Floor Remarks – H.Con.Res 86, Opposing a Carbon Tax

March 21, 2024 — Floor Statements

As prepared for delivery. "Working families are struggling to make ends meet – to afford to put food on their table, clothes on their back, and gas in their cars. All because of the inflation crisis that has been fueled by Washington Democrats’ runaway spending and President Biden’s failed economic ...

Tax Relief for American Families & Workers Act Gives America an Edge Against China

March 19, 2024 — Economic Statements

WASHINGTON, D.C. – American workers and businesses will finally receive the tools needed to directly respond to China’s growing global economic influence thanks to the Tax Relief for American Families and Workers Act (TRAFWA). The bill, passed by an overwhelming majority of the U.S. House of Representatives, builds on the ...

The Biden Tax Hike Will Likely Exceed $7 Trillion 

March 14, 2024 — Blog

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 ...

Smith: Direct E-File Program No One Asked for Is Simply a Way to Expand IRS

March 12, 2024 — Oversight

Washington, D.C. – As the Internal Revenue Service (IRS) launched pilot programs throughout the U.S. for an unauthorized direct e-file program, Ways and Means Chairman Jason Smith (MO-08) released the following statement: “This pilot program is simply a way to expand the power of the IRS that no one ...