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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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June 30, 2025

President Trump’s Tax and Trade Negotiations Notch Another Win for America

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after Canada agreed to drop…

June 30, 2025

Four Key Moments from the Social Security and Work & Welfare Joint Subcommittee Hearing with Commissioner Frank J. Bisignano

The Social Security Administration (SSA) has already seen significant improvements in efficiency, customer service, and implementation of key legislation following…

June 27, 2025

ICYMI: Chairman Smith on Mornings with Maria: The One, Big, Beautiful Bill Is Going to be a “Mega Boost to the Economy”

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) joined Maria Bartiromo on Fox Business today to tout…

June 27, 2025

Chairman Smith: The One, Big, Beautiful Bill Is the Tax Relief American Families Need

WASHINGTON, D.C. – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the May reading…

June 27, 2025

Chairman Smith: G7 Agreement Is an America First Victory

Washington, D.C. – Following the Department of Treasury’s announcement of a G7 agreed framework on international taxes that respects existing U.S….

June 26, 2025

Chairman Smith and Chairman Crapo Applaud Trump Admin for G7 International Tax Agreement Protecting American Workers and Businesses

Washington, D.C. – After Secretary of the Treasury Scott Bessent announced an international tax agreement, House Ways and Means Committee Chairman Jason Smith…

Americans are counting on Congress to deliver much-needed economic relief. The One Big Beautiful Bill will:

✅Increase the child tax credit
✅Prevent the largest tax increase in history
✅Eliminate tax on tips and overtime

The One Big Beautiful Bill helps businesses like Complexus Medical keep investing, innovating, and competing globally!

Watch my full interview about The One, Big, Beautiful Bill and why we MUST pass it with @TGowdySC below! ⬇️ ⬇️ ⬇️

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President Trump promised to deliver pro-worker tax policy that delivers tax relief to hard working Americans.

The House passed One, Big, Beautiful Bill does that by delivering an average wage increase of $11,600.
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The House passed One, Big, Beautiful Bill delivers the LARGEST tax cut to taxpayers making under $50,000 annually.

President Trump promised to deliver for working families and passing this bill will deliver the relief they need after 4 years of Bidenflation.
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For 4 years, working families struggled with rising costs under Biden’s inflation crisis.

The House passed One, Big, Beautiful Bill would bring relief to these families by raising average family take home pay $13,300.
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“I would fire the staffer who did that chart”

After Democrats repeatedly tried to interrupt his testimony, Secretary Bessent delivers a master class on the false claims about price increases under President Trump.
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Passing The One, Big, Beautiful would increase and make permanent the Child Tax Credit.

This is what pro-family tax policy looks like and will ease the burden of Bidenflation for working families.
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When the Democrats were in power, they imposed more regulatory burdens by lowering the 1099-K reporting threshold to require Americans who send as little as $600 on apps like Venmo or PayPal, for items like furniture or concert tickets, to report it to the IRS.

Thankfully, The One, Big, Beautiful Bill REPEALS this burdensome requirement and keeps the IRS from imposing undue barriers to America’s gig economy.
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