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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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During last week's @waysandmeansgop hearing, I asked Treasury Secretary Scott Bessent about what happens if Congress doesn't pass the #OneBigBeautifulBill.

His answer was crystal clear.

"It would be the largest tax hike in history. It would be a disaster for businesses, for…

The global tax deal isn't just a friendly suggestion. It's a loaded gun aimed at countries that don't join in. It's taxation without representation on steroids, a direct threat to our economic sovereignty.

More from me in @NewsweekOpinion on the OECD's global tax deal ➡️➡️…

“Whether it’s a small business trying to expand, a parent raising kids, or a worker putting in extra hours, this bill says Washington has taken enough. It’s time to give some back.”

Read more in the @ElkhartTruth ⬇️

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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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When the Democrats were in power, they rammed through a massive tax and spending bill that robbed working class Americans with skyrocketing prices in order to give subsidies to the wealthy and well-connected.

Republicans are delivering tax cuts that BENEFIT working class Americans and provide them with the economic certainty they need after 4 years of Bidenflation.
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As @repmikekelly points out, the Trump tax cuts are set to expire this year.

Not renewing these would usher in the largest tax hike in American history, throw our economy into a tailspin, and spike the unemployment rate.

The One, Big, Beautiful Bill cements the Trump tax cuts and delivers historic tax cuts to ALL Americans.
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In 2017, Democrats peddled the same lies about the Trump Tax Cuts that they are recycling for The One, Big, Beautiful Bill. They claim this bill will stunt growth, cause inflation, and give tax cuts to the wealthy.

As we saw following the passage of the 2017 Trump tax cuts, wages grew, our economy grew, and working class Americans saw the largest tax cut of any income group.

The One, Big, Beautiful Bill will do the same.
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