Political Quotes

On the recordMarch 11, 2025
Mr. Speaker, I yield myself the balance of my time. Earlier this afternoon, the other Chamber was reminded that the Constitution says all revenue measures must originate in the House of Representatives. The Senate must have been just so excited about this bipartisan CRA that they couldn't wait another minute, but that is okay. Whether it is the CRA or the budget, I guess they will just have to vote again. Mr. Speaker, the repeal of the Biden IRS rule is a victory for common sense. The Federal Government shouldn't demand decentralized finance platforms, used by ordinary Americans to buy and sell cryptocurrency, to fill out forms when those platforms don't collect the information needed for the form. Neither the American people nor the IRS are equipped to handle the demands of this unworkable rule. These platforms are not like banks. They are not like security brokers, yet this rule treats them as if they are. In order to justify the burden placed on ordinary people, Mr. Speaker, the Biden IRS stretched and twisted congressional intent to enact regulations designed to cripple the digital asset industry. I urge all of my colleagues to vote for this bill and help dismantle the politically motivated regulations from the last administration. Mr. Speaker, I yield back the balance of my time.
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Jason Smith
Republican · Missouri

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