U.S. Rep. Jason Smith (R-MO), chair of the House Ways and Means Committee, and Rep. Mike Kelly (R-PA), chair of the House Tax Subcommittee have led the formation of 10 Committee Tax Teams, comprised of Ways and Means Republicans.
The tax teams will each address key tax provisions from the 2017 Trump tax cuts that are set to expire in 2025 and identify legislative solutions that will continue to help families, workers, and small businesses. Each team is assigned a specific area of tax policy for review.
“If the 2017 Trump tax cuts expire an average family of four earning $75,000 would see their taxes increase by $1,500 a year. A family of five with two earners making around $100,000 would see a tax increase of nearly $7,500 a year – and that’s on top of President Biden’s inflation tax, which has raised prices by 19 percent since he took office,” Smith said. “At hearings we’ve held across the country, the Ways and Means Committee has heard directly from workers, families, farmers, and small businesses who emphasized the urgent need for tax relief. The mission of these Tax Teams will be to build on the success of the Trump tax cuts to provide a pro-America, pro-worker vision for the future and a much-needed alternative to President Biden’s $7 trillion tax hike.”
Kelly will serve as chair of the Community Development Tax Team and be a member of the Global Competitiveness Tax Team.
“While Democrats are getting ready to raise taxes on workers, families, and mom-and-pop businesses on Main Street, Ways and Means Republicans are defending the Trump tax cuts that resulted in the strongest economy in American history. These tax teams will ensure that our tax code works for Americans – not the other way around. It’s time to turn the page on the disastrous Biden economy and strengthen our workforce, help our families, and restore the American dream,” Kelly said.
The other nine tax teams include:
• American Manufacturing, chaired by Rep. Vern Buchanan (R-FL);
• Working Families, chaired by Rep. Brian Fitzpatrick (R-PA);
• American Workforce, chaired by Rep. Darin LaHood (R-IL);
• Main Street, chaired by Rep. Lloyd Smucker (R-PA);
• New Economy, chaired by Rep. David Schweikert (R-AZ);
• Rural America, chaired by Rep. Adrian Smith (R-NE);
• Supply Chains, chaired by Rep. Mary Miller (R-IL);
• U.S. Innovation, chaired by Rep. Bob Estes (R-KS); and
• Global Competitiveness, chaired by Rep. Kevin Hern (R-OK).