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 ...
"Today, taxpayers face high prices sparked by reckless government spending and $34 trillion of debt and counting. This Committee will continue our record of fighting waste, fraud, and abuse to save taxpayer money." As prepared for delivery.
WASHINGTON, D.C. – The Internal Revenue Service (IRS) is currently failing to follow the law and protect taxpayers in several key areas, Ways and Means Committee members warned IRS Commissioner Daniel Werfel during an oversight hearing of the agency. A recent report from the Treasury Inspector General for Tax Administration (TIGTA) showed ...
WASHINGTON, D.C. – American families and small businesses struggling with high costs will soon receive help thanks to the Tax Relief for American Families and Workers Act passed in the House of Representatives,
WASHINGTON, D.C. – Over 250 medications are currently in short supply, covering everything from asthma and blood clots to treatments for multiple kinds of cancers. At the same time, America is too dependent on foreign countries for ingredients and medical supplies, warned witnesses at a Tuesday Ways and Means Committee hearing on the drug shortage ...
WASHINGTON, D.C. – The Tax Relief for American Families and Workers Act maintains all of the safeguards made to the Child Tax Credit (CTC) in its 25-year lifespan, including a social security number (SSN) requirement established by Republicans in the 2017 GOP tax law.
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) and Ranking Member Richard E. Neal (MA-01) released the following statement after hosting a bipartisan roundtable with Committee members and ambassadors from several African Growth and Opportunity Act (AGOA) countries. AGOA is a U.S. trade program focused on strengthening ...
WASHINGTON, D.C. – The Ways and Means Committee focused on listening to the American people, strengthening working and middle-class families, and holding government and the Biden Administration accountable throughout 2023. As promised, the Committee’s policy and oversight work centered on protecting and advancing the interests of working families and ...
A discussion draft containing technical corrections and other clarifications with respect to the SECURE 2.0 Act of 2022, has been released by House Committee on Ways and Means Chairman Jason Smith (R-Missouri) and Ranking Member Richard E. Neal (D-Massachusetts), along with House Committee on Education and the Workforce Chairwoman Virginia Foxx (R-North Carolina) and ...
As prepared for delivery. "The Ways and Means Committee is in Baton Rouge, Louisiana for our sixth hearing outside Washington to hear directly from working families. I would note this is the first subcommittee hearing that this Committee has held outside of the halls of Congress in almost a decade. We are here ...