Jason Smith says failure is ‘not an option’ in delivering tax relief – Washington Examiner
House Ways and Means Committee chairman Jason Smith, a Republican from Missouri, emphasized the urgency for House Republicans to deliver tax relief to voters, particularly following the challenges of the biden management. He expressed confidence that despite some internal hurdles within the House, the committee would be able to pass a tax relief bill. Smith highlighted the importance of acting swiftly, warning that failure to do so could result in meaningful tax increases for Americans, exacerbated by recent inflation trends. While initial timelines aimed for a bill by Memorial Day and a signature from former President Trump by July 4,these plans may face delays,with some senators hinting at a possible August timeline rather. Smith remains committed to achieving tax reform, viewing it as essential for alleviating the financial burden on Americans.
Jason Smith says failure is ‘not an option’ in delivering tax relief
House Ways and Means Committee Chairman Jason Smith (R-MO) underscored the importance of House Republicans providing tax relief to voters soon, stressing that they need it following former President Joe Biden’s four years of leadership.
Smith’s assessment comes as the timeline for a tax and domestic policy bill is now in question, as Republicans previously pushed to have a House bill by Memorial Day and a signature by President Donald Trump no later than July 4. The Missouri lawmaker acknowledged that there are “some bumps in the road” within the House due to its small majority, but he insisted House Republicans would accomplish their mission in providing tax relief.
“Will it be bumpy, Shannon? It absolutely is,” Smith stated on Fox News’s Fox News Sunday with Shannon Bream. “This is the House of Representatives, but will we get the job done? We absolutely will. Failure’s not an option. If we don’t, Shannon, every single American will face, on average, a 22% tax increase. This is the last thing that they need after the last four years of the Biden administration, where they have an inflation tax of almost 21% that resulted in the cost to put food on their table, clothes on their backs, and gasoline in their cars to only go up.”
Smith was pressed on whether the House can get the first portion of this bill passed by Memorial Day. In response, he stated that his goal is for Trump to sign his “one big, beautiful bill” by July 4.
CONGRESS MUST TAKE A STAND ON THE DEATH TAX
Earlier this week, Smith warned that not passing the proposed budget reconciliation by Republicans in the House could result in “the largest tax increase in the history of America.”
On Friday, Sen. Bill Cassidy (R-LA) hinted that this policy bill could reach Trump’s desk sometime in August, past the July 4 deadline many Republicans have been advocating. The senator suggested that policy ought to be prioritized over timelines, as he is focused on “making this economy a better economy for average and working Americans.”
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