WASHINGTON – Congressman Jason Smith (MO-08) released the following statement after being selected to serve as the Chairman of the House Committee on Ways and Means for the 118th Congress: “It is deeply humbling and an honor to be selected by my colleagues to serve as the next Chairman of the House Ways and Means Committee. With our new House ...
While claiming to close loopholes, Democrats are opening brand new ones for special interests to avoid the new Made-in-America tax (also known as the book minimum tax). This tax sticks nearly half of the new tax burden on American manufacturers, the very ...
Following the Penn-Wharton Budget Model debunking Democrats’ central claim that their Inflation and Recession Act would reduce the deficit, President Biden’s favorite economic forecaster, Mark Zandi of Moody’s Analytics, also
To view as a PDF, click here. Broad-based tax incentives will better address our global competitiveness The Chinese Communist Party’s “Made in China 2025” plan seeks global dominance in 10 separate industries, which reach far beyond ...
After failing to reach consensus on a $5 trillion tax-and-spend spree, Democrats are now looking to pass a supposedly "slimmed-down" version of Build Back Better, funded by a tax on small businesses that is little more than a "Mom & Pop Paycut." While Democrats claim they are merely "closing loopholes," this is an expansion of a small business tax that will cripple our economy and harm Main ...
As inflation accelerates and robs workers of their paychecks, a national survey reveals how American families are adjusting their spending habits to make ends ...
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Accelerating inflation has wiped away 26 million low-income households’ savings, according to a new report, with these Americans losing nearly $16,000 ...
With American businesses at risk of double taxation, Ways and Means Republicans, led by Republican Leader Rep. Kevin Brady (R-TX), raised their concerns with the rollout of the Biden Administration’s foreign tax credit (FTC) regulations. Highlighting the “undue burdens” the Treasury Department has levied against Americans with the unclear and disruptive FTC regulations, the members urged ...