Ways & Means History
The Committee on Ways and Means, the oldest tax-writing body in the U.S. House of Representatives since 1789, shapes fiscal legislation including taxes, tariffs, and social service programs. Its notable influence is underscored by numerous members who have risen to prominent national offices, including Presidents and Supreme Court Justices.
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Fed’s Persistently High Interest Rates Are Unjustified and Harming America’s Economy
Washington, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the release of the…
August 27, 2025Big, Beautiful Success Story: Rural America Rebound on the Horizon with New Opportunity Zone Incentives
WASHINGTON, D.C. – Newly created Qualified Rural Opportunity Funds (RQOFs) will target rural communities – along with various other pro-growth…
August 25, 2025Big, Beautiful Success Story: Taxpayers in Every State Get an Immediate Tax Cut
WASHINGTON, D.C. – Taxpayers in all 50 states will get a tax cut from The One, Big, Beautiful Bill, according to…
August 23, 2025Chairman Smith: EU Trade Deal Is Another Massive Win for American Manufacturing
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after President Trump announced a…
August 21, 2025Big, Beautiful Success Story: Full R&D Expensing Brings Tech Jobs Home to America from Foreign Countries
WASHINGTON, D.C. – Young companies, including technology startups, along with other innovative businesses are “dusting off U.S. hiring plans” after full…
August 19, 2025Chair Smith Op-Ed: Restoring U.S. Agricultural Leadership Through Tax Reform
By: Ways and Means Committee Chairman Jason Smith (MO-08)Agri-Pulse The One Big Beautiful Bill modernizes the tax code to strengthen…
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Pro-growth tax cuts are pro-worker: new factories, facilities and equipment purchases and gains in productivity create jobs and boost paychecks.
American manufacturers and businesses are responding to the permanence of the pro-growth tax policy in The One, Big, Beautiful Bill…
The One Big Beautiful Bill will help countless small businesses and families across our nation thrive.
It was great to sit down with the CEO of Field Fastener, Jim Derry, and his team in Machesney Park to hear about the positive impact the bill will have on their operation and…
As I've been saying, American tech companies need to be protected from unfair foreign Digital Services Taxes (DSTs). I'm heartened by the @WhiteHouse's renewed focus on this issue.
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The Ways and Means Committee traveled to Las Vegas, Nevada where we heard directly from Americans about how The One, Big, Beautiful Bill delivers historic pro-worker tax relief. ...
American manufacturers and small businesses had to spend time preparing for the possibility that the 2017 Trump tax cuts might expire and were waiting to see what would happen in order to plan for the future.
Thanks to the decision by President Trump and Republicans to act quickly on extending and making permanent that tax relief, The One, Big, Beautiful Bill ensures American job creators don’t have to worry about a looming tax hike and they can plan for the future today. ...
The One, Big, Beautiful Bill delivers historic pro-growth tax policy for American manufacturers.
This bill cements R&D expensing, which will allow American manufacturers to better compete in global markets against nations like China. ...
When small businesses get to keep more of their hard-earned profits, they’re able to invest in their business, employees, and equipment.
The One, Big, Beautiful Bill cuts taxes for small businesses and cements deductions, like the 199A deduction, which will allow small businesses to grow, invest, and hire. ...
Our economy is better off when our tax policies embolden businesses to grow, invest in their employees, and manufacture here in America.
The One, Big, Beautiful Bill does this and will unlock American economic greatness. ...
The One, Big, Beautiful Bill provides family farms across the country with a PERMANENT Death Tax exemption.
This will give farmers and ranchers the certainty they need to invest in today’s equipment to secure tomorrow’s harvest and keep those family farms in the family. ...