Ways and Means

With Identity Theft Costing Americans Billions, Help for Victims Signed into Law

The bill passed the Ways and Means Committee by a vote of 39 to 1, cleared the U.S. House of Representatives by voice vote, and passed the Senate by unanimous consent. Improving Social Security’s ...
Opinion
Ways and MeansOpinion

Chairman Smith on President Trump’s Diesel Executive Order: Republicans are Standing with the Farmers and Truckers Who Power Our Economy

Farmers and truckers across America will see immediate tax relief when filling their tanks after President Trump ...
Ways and Means

What They Are Saying: Ways & Means Legislation Delivers Certainty for the Digital Asset Economy

America will remain the crypto capital of the world and home to a vibrant digital asset economy under legislation recently approved by the Ways and Means Committee. The Digital Asset Tax Certainty Act ...
Opinion
Ways and MeansOpinion

Chairman Smith on PCE, GDP Reports: Democrats Oppose Historic Tax Cuts Powering Economic Growth as Republicans Continue Working to Lower Prices

Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the release of the August reading of the Personal Consumption Expenditures (PCE) price index, showing core ...
Ways and Means

Ways & Means Republicans Move to Strip Tax-Exempt Status from Nonprofit with Suspected Terrorism Ties

The letter comes amid an ongoing Ways and Means Committee investigation into widespread foreign-linked funding flowing throughout the U.S. tax-exempt sector. This investigation includes a network of ...
waysandmeans

Chairman Smith: Transformational Trump Accounts Will Now Reach Millions More Children

WASHINGTON, D.C. – 73 million children will be enrolled in Trump Accounts by the end of this year under new automatic enrollment procedures established by the U.S. Department of the Treasury and the ...
waysandmeans

Chairman Smith Statement on House Passage of Legislation to Impose Sanctions on Russia, Use Tariff Policies to Curtail Support for Russia’s War on Ukraine

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the U.S. House of Representatives passed the Lindsey O. Graham Sanctioning Russia and ...
waysandmeans

Historic Digital Asset Tax Legislation Advances to Keep America the Crypto Capital of the World

WASHINGTON, D.C. – Americans who own, trade, and use cryptocurrencies and other digital assets will have greater tax certainty and fewer tax compliance burdens under bipartisan legislation approved by ...
waysandmeans

President Trump Signs Ways and Means Bill Extending Tax Relief for Disaster Victims

WASHINGTON, D.C. – Americans rebuilding after wildfires, hurricanes, floods, and other disasters will keep getting fairer tax treatment, thanks to the Doug LaMalfa Federal Disaster Tax Relief ...
waysandmeans

Ways & Means Committee Advances Policies Benefitting American Patients, Parents, Taxpayers, & Critical Supply Chains

WASHINGTON, D.C. – Better early detection screening for Alzheimer’s disease, greater transparency surrounding spending on Medicare, innovative efforts to improve health outcomes and reduce hospital ...
waysandmeans

Chairman Smith Opening Statement: Markup of Legislation Delivering Historic Tax Certainty for Digital Assets, Improving Tax Administration, Expanding Access to Health & Welfare ...

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) delivered the following opening statement at a Committee markup of legislation to modernize the taxation of digital assets, ...