Latest News
Senate HELP Committee to Mark Up Landmark Labor Legislation
By DOL Newswire Report | Jun 20, 2023
On Wednesday, June 21, the Senate Health, Education, Labor, and Pensions (HELP) Committee will be marking up the most significant set of labor law reforms in modern American history. At a time when this country is experiencing more income and wealth inequality than ever before, the committee intends to pass legislation which represents the needs of the long-neglected working class of this country.
“Nomination of Jared Bernstein (Executive Calendar)” published by the Congressional Record in the Senate section on June 13
By DOL Newswire | Jun 19, 2023
The Senate section of the Congressional Record published “Nomination of Jared Bernstein (Executive Calendar)” on June 13.
With Inflation Continuing to Hammer Families and Small Businesses, Ways & Means Committee Is Taking Action to Provide Relief
By DOL Newswire Report | Jun 18, 2023
As the Ways and Means Committee takes up the American Families and Jobs Act today to provide families and small businesses relief from Democrats’ inflation crisis, new data from the Consumer Price Index (CPI) shows prices have increased 15.5 percent since President Biden took his Oath of Office and Democrats began their massive spending spree. The need for tax policy that keeps more money in the pockets of the American people to provide for their families or grow their small businesses could not be more clear.
Ways and Means Passes the Build It in America Act to Restore American Competitiveness, Counter China’s Growing Influence, Lower Gas Prices, Repeal Democrats’ Green Special Interest Tax Breaks
By DOL Newswire Report | Jun 18, 2023
The House Committee on Ways and Means today passed legislation that would counter China’s growing global economic influence by restoring American business competitiveness, securing global supply chains, and prohibiting U.S. foreign land sales to companies from countries of concern.
Chairman Smith Committee Remarks: Working Families Tax Cut Act
By DOL Newswire Report | Jun 18, 2023
“Working Americans and their families have been ignored by the Biden Administration and Washington Democrats. 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.
Chairman Smith Committee Remarks: Build It in America Act
By DOL Newswire Report | Jun 18, 2023
“This Committee has traveled over 5,000 miles. The families, farmers, workers, and job creators we’ve heard have spoken with one voice. They want Congress to invest in America, to give workers and businesses a fair shot at competing with the rest of the world, to stand up to China and restore our energy independence to lower gas prices.
Ways and Means Passes Small Business Jobs Act to Help Main Street America Suffering in the Biden Economy
By DOL Newswire Report | Jun 18, 2023
Relief for workers and small businesses was approved by the House Committee on Ways and Means, led by Chairman Jason Smith (MO-08), with new measures designed to help them navigate price spikes, worker shortages, and supply chain failures in President Biden’s economy. The legislation, called the “Small Business Jobs Act” (H.R. 3937) cuts IRS red tape for contractors and gig workers, helps small businesses raise capital, drives more investment and growth with new expensing provisions, and helps rural communities better compete.
Chairman Smith Committee Remarks: Small Business Jobs Act
By DOL Newswire Report | Jun 18, 2023
“Main Street has struggled in the Biden economy. We’ve heard directly from small businesses during our hearings around the country about the real challenges they face today. Their testimony exposed the painful reality that the economy under President Biden is harming small businesses.
Ways and Means Passes Bipartisan Legislation Affirming Support for U.S.-Taiwan Trade Relationship & Reasserting Congress’ Constitutional Role in Trade
By DOL Newswire Report | Jun 18, 2023
The House Committee on Ways and Means approved legislation today by a vote of 42-0 that formerly implements and confirms Congress’ support of a trade agreement – the “Initial Agreement” – negotiated by the Biden Administration and Taiwan. The United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act (H.R. 4004) also requires Congressional approval of any such future trade agreements with Taiwan, and ensures the Biden Administration works with Congress, including reporting and consultation requirements, to make sure the Administration does not ignore the constitutionally established role of Congress in international trade.
Chairman Smith Committee Remarks: Taiwan Trade Legislation
By DOL Newswire Report | Jun 18, 2023
“The people of the United States and the people of Taiwan share an invaluable economic partnership; we share democratic values; and we have strong individual ties between our two nations.
Chairman Smith Opening Statement: American Families & Jobs Act and Taiwan Trade Legislation Markup
By DOL Newswire Report | Jun 18, 2023
“The Ways and Means Committee kicked off this Congress by getting out of Washington and visiting communities across the country to hear firsthand hardworking Americans’ perspective on the state of the economy. I appreciate that so many of the members of this committee have taken the time to participate in these hearings.
Smith, Crapo, Neal, and Wyden Announce Bipartisan, Bicameral Legislation to Approve First Taiwan Trade Initiative Agreement
By DOL Newswire Report | Jun 18, 2023
U.S. House Ways and Means Committee Chairman Jason Smith (MO-08) and Ranking Member Richard Neal (MA-01), along with U.S. Senate Finance Committee Ranking Member Mike Crapo (R-ID) and Chairman Ron Wyden (D-OR), announced legislation to approve the first trade agreement signed under the U.S.-Taiwan Initiative on 21st-Century Trade, and set robust transparency and consultation requirements for any future agreements negotiated under the initiative.
Smith, Crapo, Neal, and Wyden Announce Bipartisan, Bicameral Legislation to Approve First Taiwan Trade Initiative Agreement
By DOL Newswire Report | Jun 18, 2023
U.S. House Ways and Means Committee Chairman Jason Smith (MO-08) and Ranking Member Richard Neal (MA-01), along with U.S. Senate Finance Committee Ranking Member Mike Crapo (R-ID) and Chairman Ron Wyden (D-OR), announced legislation to approve the first trade agreement signed under the U.S.-Taiwan Initiative on 21st-Century Trade, and set robust transparency and consultation requirements for any future agreements negotiated under the initiative.
Smith Introduces the American Families and Jobs Act to Cut Taxes for Working Families, Grow Main Street Businesses, and Protect American Innovation & Competitiveness
By DOL Newswire Report | Jun 18, 2023
In response to specific concerns raised by American workers, families, farmers, and small businesses during field hearings across the country, Ways and Means Committee members have introduced legislation to help struggling families, grow jobs, and support a stronger economy. Today, these solutions are being combined as part of a new legislative tax relief and jobs package by Ways and Means Committee Chairman Jason Smith (MO-08).
Rep. Van Duyne Leads Legislation to Prevent China, Other Adversarial Nations from Acquiring American Farmland
By DOL Newswire Report | Jun 18, 2023
Today, Congresswoman Beth Van Duyne (TX-24), a member of the House Committee on Ways and Means, introduced the Protecting American Farmland Act, which will prevent foreign adversaries from purchasing American farm and ranch land through a 60% excise tax paid by the buyer. Foreign ownership of U.S. farmland has risen steadily over the years, threatening the future of small family farms, and testing the strength of our agricultural supply chain.
Ways and Means Committee Passes Tax Cuts for Working Families Act
By DOL Newswire Report | Jun 18, 2023
The House Committee on Ways and Means, led by Chairman Jason Smith (MO-08), passed the Tax Cuts for Working Families Act today to provide American families with much-needed tax relief and alleviate the pain of the Biden inflation crisis. This legislation builds on successful provisions of the Tax Cuts and Jobs Act by increasing the doubled Guaranteed Deduction, which would put an additional $4,000 in the pockets of working Americans each year.
Neal Remarks On “united States – Taiwan Initiative On The 21st-century Trade First Agreement Implementation Act”
By DOL Newswire Report | Jun 18, 2023
Thank you, Mr. Chairman. Congressional Democrats are unwavering in their support for the people of Taiwan – a people who have built a robust and thriving democracy that serves as a beacon in the region. As Taiwan faces incredible pressure from their authoritarian neighbor, it is vital that this institution stand and support our democratic partner.
Neal Remarks On H.r. 3936 At Markup Of Gop Tax Scam 2.0
By DOL Newswire Report | Jun 18, 2023
Thank you, Mr. Chairman. The title of this legislation is laudable, and a priority Committee Democrats share unequivocally. It sadly doesn’t live up to its bill, and with the proven success of the Child Tax Credit, I cannot accept this as an alternative for working families.
Neal Remarks On H.r. 3938 At Markup Of Gop Tax Scam 2.0
By DOL Newswire Report | Jun 18, 2023
This bill is the real reason we are here today. Back in 2017, my colleagues needed to sunset some of their major giveaways in order to artificially lower the cost of the bill. Now, today, they must restore these provisions or risk corporations getting just a touch closer to paying their fair share.
Neal Opening Statement At Markup Of Gop Tax Scam 2.0
By DOL Newswire Report | Jun 18, 2023
Thank you, Mr. Chairman. We don't want to disappoint you this morning. We do intend to refer to the tax plan as a tax scam first. This is the most ill-considered piece of legislation that I've witnessed in years in front of this committee. Just 10 days after our Republican colleagues were prepared to bring the nation to the brink of default to the precipice, if not over the edge, they now come back with a tax cut.