They are eager to cite the S&P downgrade of U.S. credit that occurred at the time of the 2011 debt limit debate, claiming that downgrade was a consequence of the debate and discussions that occurred.
Critiques Democrats' claims linking debt limit debate to credit downgrade.
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More from Jason Smith
Tax-exempt status is a privilege, not a right. When organizations that receive generous taxpayer-funded benefits refuse to comply with lawful congressional oversight about potential foreign influence, the American people have every right…
After months of delay, I am disappointed but not surprised to see yet another attempt by tax-exempt organizations connected to Shanghai Singham to evade scrutiny.
Make no mistake: Compliance with a congressional subpoena isn't optional, and the Committee will use all tools it has available to investigate whether foreign actors are exploiting our tax code to sow chaos and create division.
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