Cape News

The Ways and Means Committee Tax Teams have conducted over 120 events across 20 states to address the impending expiration of the Trump tax cuts in 2025. These events included roundtables and site visits where committee members engaged with workers, business owners, and community leaders about the potential impact of Vice President Harris's proposed repeal of these tax cuts.

In Illinois, Rep. Darin LaHood visited Low-Income-Housing Tax Credit projects to discuss how the tax code can support housing development for low to middle-income families. In Tennessee, Rep. David Kustoff held a roundtable with small businesses in Shelby County, focusing on the need for a pro-growth tax package in light of the expiring Trump tax provisions.

Rep. Beth Van Duyne participated in discussions at Republic National Distributing Company’s warehouse in Texas, highlighting how Section 199A has facilitated business growth and community contributions. The dialogue emphasized the importance of continuing policies that empower local businesses.

Committee Chairman Jason Smith hosted events in Missouri alongside Reps. Ron Estes and Mark Alford, where they heard from business leaders about preventing a proposed $7 trillion tax increase by the Biden-Harris Administration. Concerns were raised regarding the expiration of small business provisions like Section 199A and its implications on tax rates compared to international competitors.

In St. Louis, Chairman Smith was joined by Reps. Darin LaHood and Ann Wagner for further discussions with local stakeholders who urged Congress to act against both the expiration of current tax cuts and potential new hikes that could affect small businesses' competitiveness globally.