I think it is pretty clear that Treasury's version of these rules would allow Chinese billionaires to receive hundreds of millions of taxpayer dollars.
Jason Smith
The Public Record
Jason Thomas Smith is an American politician serving as the U.S. Representative for Missouri's 8th congressional district since January 3, 2013. A member of the Republican Party, Smith has focused on various issues including accountability for universities and tax code reforms. He has been an advocate for policies that align with conservative values and has actively participated in legislative discussions on economic and educational reforms.
We don't do that by paying people to not work. That has no return on investment there.
When you look at the 2017 Tax Cut and Jobs Act, you can't argue that the tax cuts created the best economy in my lifetime.
In the years that followed enactment of the Trump tax cuts we saw lower-income earners have a huge reduction in their taxes.
I expect my colleagues will use the same talking points about that bill being all about tax breaks for the wealthy.
I think it is interesting that people come in with their concerns about tax fairness, and what is going to happen, and how we are going to meet the deficit that is growing, and we are not focusing on collecting taxes that are already due…
President Biden's so-called Inflation Reduction Act forced taxpayers to subsidize big banks and corporations.
The truth is the Congressional Budget Office found that the 2017 tax law increased the share of taxes paid by the top one percent of households.
A family of four who makes $40,000 benefited greatly from the doubling of the Child Tax Credit.
As a result of the Tax Cut and Jobs Act, Americans earning under $100,000 received an average tax cut of 16 percent.
So in regards to that, when you talk about real wages, real wages increased by more than 5 percent after passage of this.
A rising tide lifts all boats unless you shoot holes in the bottom of the boat.
I love America. I think America is the place where there is more opportunity than anywhere else in the world.
If you eliminate the step up in basis, you are going to pay a 20 percent tax on the gain of anything you ever own in your life.
When I think about making America the best place in the world to do business and to work, that is what I want us to be.
I think that we are in a much stronger place today because of the priorities of productivity in 2017.
I think, clearly--I don't understand how you can debate the point that it made sense to cut the corporate tax rate from the highest level in the world to a level that is in the middle.
We have previously heard from two IRS whistleblowers that Joe Biden was the brand being sold by his family members.
I wish to commend Dr. Burgess for his steadfast leadership working in a bipartisan and bicameral manner to bring this important piece of legislation forward. This bill ensures that the Congressional Budget Office, the official scorekeepers…
We need an agreement which limits the ability of foreign governments to unfairly tax American companies.
It is clear that both Pillar 1 and Pillar 2 are bad for American jobs and American workers and revenue to our Treasury.
While I am grateful for your partnership in these efforts, it won't surprise you that I also have a number of concerns about the Biden Administration's approach to the IRS.
I continue to have concerns that the $80 billion in IRA funding is not giving us the results, perhaps, that were promised.
I am particularly troubled that the Administration continues to implement policies across numerous agencies, regardless of whether it is legislated authority or not.





