In his opening remarks during consideration of the bill, Chairman Smith highlighted how the Tax Cuts for Working Families Act will bring much needed relief to working families who have been harmed by the Biden cost-of-living crisis and economy:

 “Two years of out-of-control inflation, rising interest rates, and economic downturn caused by the Democrats’ radical spending spree has left American families in a worse spot than they can remember. This bill, the Tax Cuts for Working Families Act, is a necessary response to the economic nightmare that President Biden and Washington Democrats’ reckless tax and spend agenda has created. With this bill, we make a historic investment in the working Americans and families that are the backbone of our great nation, in direct response to the concerns they have shared with this Committee about the spike in cost of living in our hearings across the country.”

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