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The Tax Tracker

J. Smith Statement on Selection as Next Chairman of the House Ways and Means Committee

January 09, 2023 — Blog

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 ...

One-Pager: Democrats’ “Mom & Pop Paycut” is a Small Business Surtax on America’s Small Business Owners  

July 15, 2022 — Blog

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 ...

Letter: Biden Admin’s Botched Rollout of Foreign Tax Credit Regulations Threatens Double Taxation

June 16, 2022 — Blog

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 ...