Four Key Moments on the Tax Subcommittee Hearing on Tax Policies That Help Working Families and Small Businesses WASHINGTON, D.C. – At a Ways and Means Tax Subcommittee hearing, members examined various tax policy proposals to consider how ...
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 ...
As prepared for delivery. "Good afternoon. Welcome to today’s hearing on how Social Security’s Windfall Elimination Provision, WEP, and Government Pension Offset, GPO, affect the benefits of public servants. "Social Security is a vitally important ...
WASHINGTON, D.C. — After Congressman David Kustoff (TN-08) and Congressman Brad Schneider (IL-10) introduced bipartisan legislation to revoke the tax-exempt status for any organization that provides financial support or resources to designated terrorist groups, Ways and Means Chairman Jason Smith ...
House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Bureau of Labor Statistics released the October jobs report: “A quick check under the hood of the economy will show that the problem is ‘Bidenomics.’ The Federal Reserve is so concerned about the economy they are ...
By Ways and Means Committee Chairman Jason Smith (MO-08)
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) blasted the Internal Revenue Service on Wednesday following a series of reports released by the Treasury Inspector General for Tax Administration (TIGTA) this summer showing the IRS is failing to treat all taxpayers the same, to protect their private information, or to provide a basic level of ...
As prepared for delivery. Thank you, Ranking Member Blumenauer, and to our witnesses and subcommittee members for being here today. Today’s subcommittee hearing is an important step as the House Ways and Means Committee considers updates to custom laws to ensure Customs and Border Protection has the right policies in place to enforce our laws effectively, facilitate legitimate ...
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Internal Revenue Service (IRS) announced they would be implementing additional “safeguards” to shield taxpayers making less than $400,000 from increased audits funded by President Biden’s so-called “Inflation Reduction Act,” which was signed into law ...
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 ...