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Thursday, November 14, 2024

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House Democrats block bill targeting nonprofit support for terrorism

The House Democrats have blocked the passage of the Stop Terror-Financing and Tax Penalties on American Hostages Act (H.R. 9495), despite its strong bipartisan support.

By Cape News | Nov 13, 2024

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Chairman Smith highlights economic concerns amid rising inflation figures

House Ways and Means Committee Chairman Jason Smith has voiced concerns over the recent Consumer Price Index (CPI) report from the Bureau of Labor Statistics, indicating a year-over-year inflation rate of 2.6 percent for October 2024.

By Cape News | Nov 13, 2024

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House considers bill targeting terror financing and protecting returning hostages from tax penalties

By Cape News | Nov 12, 2024

Chairman Smith addressed the House floor to advocate for H.R. 9495, a bill introduced by Representatives Tenney, Kustoff, Schneider, and Titus.

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Trump's return heralds shifts in U.S. economic and trade policies

By Cape News | Nov 8, 2024

A new political era is set to begin in the United States with significant changes anticipated in Washington.

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Chairman Smith criticizes Biden-Harris economic policies amid rate cut announcement

By Cape News | Nov 7, 2024

Ways and Means Committee Chairman Jason Smith issued a statement following the Federal Open Market Committee's decision to reduce the benchmark interest rate by 25 basis points.

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Tax hike concerns rise as expiration of Trump cuts looms

By Cape News | Nov 4, 2024

As Vice President Kamala Harris continues to advocate for tax increases, concerns are growing among American families, workers, farmers, and small businesses about the potential expiration of the Trump Tax Cuts.

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House committee chairs demand action over alleged IRS retaliation against whistleblowers

By Cape News | Nov 2, 2024

House Committee on Ways and Means Chairman Jason Smith, Committee on Oversight and Accountability Chairman James Comer, and Committee on the Judiciary Chairman Jim Jordan are seeking clarification from the Internal Revenue Service (IRS) regarding...

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Republicans outline achievements after regaining House control

By Cape News | Nov 1, 2024

When Republicans took control of the House of Representatives in January 2023, they committed to advancing policies aimed at stabilizing the country.

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Republicans warn against expiration of Trump-era tax cuts

By Cape News | Nov 1, 2024

The Ways and Means Republicans have expressed concerns over the Biden-Harris Administration's decision to let the Trump tax cuts expire.

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Chairman Smith criticizes Biden-Harris administration after latest job report

By Cape News | Nov 1, 2024

Ways and Means Committee Chairman Jason Smith expressed criticism towards the Biden-Harris Administration following the release of the October 2024 jobs report.

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Chairman Jason Smith criticizes economic impact of Biden-Harris policies

By Cape News | Oct 31, 2024

House Ways and Means Committee Chairman Jason Smith expressed concern over the rising core inflation rate, as indicated by the Federal Reserve's Personal Consumption Expenditure (PCE) index.

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Smith, Crapo respond to Biden's Taiwan tax relief plan

By Cape News | Oct 30, 2024

House Committee on Ways and Means Chairman Jason Smith and Senate Committee on Finance Ranking Member Mike Crapo have issued a statement regarding the Biden Administration's recent announcement on Taiwan double-tax relief.

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Ways and Means Chairman urges state investigations into nonprofits' alleged antisemitic activities

By Cape News | Oct 29, 2024

Tax-exempt organizations accused of promoting antisemitism and having possible connections to foreign terrorist groups have been referred for investigation.

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Concerns rise over economy and security under Biden-Harris administration

By Cape News | Oct 25, 2024

Like many Americans, concerns about the nation's direction have been raised in light of recent events.

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Congressional leaders criticize new SSA rules for significant taxpayer cost

By Cape News | Oct 24, 2024

Four rules recently finalized by the Social Security Administration (SSA) have sparked criticism from key members of Congress. The rules, which are projected to cost taxpayers nearly $40 billion over the next decade, are seen as part of what some lawmakers describe as an expansion of federal power under the Biden-Harris Administration.

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U.S. Innovation Tax Team highlights impact of 2017 Trump tax cuts across America

By Cape News | Oct 23, 2024

The Ways and Means U.S. Innovation Tax Team, under the leadership of Representative Ron Estes (KS-04), has conducted a series of events nationwide to emphasize the effects of the 2017 Trump tax cuts. These events aimed to showcase their role in promoting business growth, job creation, and research investment within the United States.

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Biden-Harris administration faces criticism over IRS audit plans for middle-class

By Cape News | Oct 22, 2024

Two years after the Biden-Harris Administration allocated $80 billion to the IRS, concerns are mounting over increased audits on middle- and low-income taxpayers. A recent watchdog report highlights a lack of planning to protect these groups from additional scrutiny.

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Speaker vows continued fight against abortion

By Cape News | Oct 18, 2024

As a person of faith, the speaker emphasizes their commitment to protecting unborn lives, expressing pride in receiving an A+ rating from Susan B. Anthony and a 100% rating from the National Right to Life scorecard. They highlight the significance of the Supreme Court's decision in Dobbs v. Jackson Women’s Health Organization as a major pro-life victory but stress that efforts to protect unborn lives continue.

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Ways and Means Committee hosts events nationwide discussing future of Trump tax cuts

By Cape News | Oct 18, 2024

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.

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Treasury sanctions charity linked to terrorism following congressional investigation

By Cape News | Oct 16, 2024

The U.S. Department of the Treasury has imposed sanctions on Samidoun, labeling it as a "sham charity" that acts as an international fundraiser for the Popular Front for the Liberation of Palestine (PFLP), a designated terrorist organization. This action follows recommendations from Ways and Means Republicans to revoke tax-exempt status for organizations linked to foreign terrorist entities.