WASHINGTON, D.C. – The Child Tax Credit in the Tax Relief for American Families and Workers Act will put more money in the pockets of working parents to help them raise America’s next generation, writes Executive Vice ...
WASHINGTON, D.C. – Almost nine years after Congress enacted a law to protect seniors from improper Social Security payments, the Social Security Administration (SSA) is finally taking steps to implement it. Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the SSA proposed a rule to combat improper ...
“This legislation — which passed the U.S. House of Representatives by a vote of 357 to 70 — will help our business community, boost wages, and keep jobs rooted in rural Iowa.” The Tax Relief for American Families and Workers Act will ...
Washington, D.C. - The overwhelming vote of support for the Tax Relief for American Families and Workers Act in the House of Representatives demonstrates the popularity of conservative policies that strengthen work incentives and support American families,
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. – The Child Tax Credit provisions in the Tax Relief for American Families and Workers Act will help working parents struggling to provide for their families. By indexing the credit to inflation, maintaining work requirements, and ending the penalty against large families, the bill provides the breathing room to ...
Washington, D.C. - Adjustments to the child tax credit (CTC) and any additional refunds owed to working families under the Tax Relief for American Families and Workers Act will be processed and issued in a matter of weeks, Internal Revenue Service (IRS) Commissioner Daniel Werfel confirmed to Ways and Means Chairman Jason Smith (MO-08) today ...
As prepared for delivery. "Thank you Commissioner Werfel for appearing before the Ways and Means Committee a little earlier than usual this year. We have a lot to go over with you, so I appreciate you answering the request of our Members to come before the Committee early this year.
Economists agree: Child Tax Credit modernizations encourage more Americans to work. WASHINGTON, D.C. – Multiple studies, including analysis from the Joint Committee on Taxation (JCT), confirm that the work incentives in the Tax ...
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,