WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) joined Fox Business host Stuart Varney on Tuesday to highlight the Tax Relief for American Families and Workers Act. The legislation, which passed the House Ways and Means Committee last week by a vote of 40-3, makes a ...
WASHINGTON, D.C. – Under legislation pending before the House, Americans harmed by recent hurricanes, wildfires, and floods, as well as the February 2023 train derailment in Ohio, will receive long-awaited relief. The Tax Relief for American Families and Workers Act offers important relief to victims of disasters across hundreds ...
WASHINGTON, D.C. – All Republican Members of the Ways and Means Committee sent a letter on Tuesday to the U.S. District Court for District of Columbia, respectfully asking the court to sentence the IRS leaker, Charles Edward ...
Bipartisan tax package includes key provision to eliminate double taxation on cross border investment between U.S. and Taiwan Washington, D.C. - China will soon face greater competition from American workers and businesses thanks to new tax ...
WASHINGTON, D.C. – The Tax Relief for American Families and Workers Act locks in $600 billion in pro-growth, pro-worker tax policies from the 2017 GOP tax reform, including key research and development incentives, 100 percent immediate expensing for equipment and machinery, and more flexible interest deductibility. These ...
WASHINGTON, D.C. – Evidence shows the reforms to the child tax credit included in the Ways and Means Committee-passed Tax Relief for American Families and Workers Act are sound, pro-growth economic policies that will encourage more Americans to work, not the other way around. Ways and ...
WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Centers for Medicare & Medicaid Services (CMS) took action last week to streamline prior authorization processes. The agency’s decision follows action taken by Ways and Means Committee members in advancing legislation last summer to ...
WASHINGTON, D.C. – At the Ways and Means Work and Welfare Subcommittee hearing on supporting youth aging out of foster care, members heard testimony about the challenges foster youth in America face as they transition into adulthood and ways to improve federal child welfare programs. Every year, around 19,000 foster youth age out of the foster care ...
WASHINGTON, D.C. - The Tax Relief for American Families and Workers Act saves taxpayers over $70 billion by ending the Employee Retention Tax Credit (ERTC), according to official analysis released this week by the Joint Committee on Taxation (JCT). Originally designed to help small businesses impacted by COVID lockdowns, the ...
WASHINGTON, D.C. – In a bipartisan vote, the Ways and Means Committee approved legislation to help American job creators stay competitive, allow Main Street businesses to survive and grow, and give tax relief to working families struggling under the weight of elevated prices and interest rates. The Tax Relief for American Families and Workers Act ...