{"id":2429710,"date":"2025-05-01T11:32:59","date_gmt":"2025-05-01T15:32:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jason-smith-predicts-largest-tax-increase-if-budget-fails\/"},"modified":"2025-05-01T11:34:09","modified_gmt":"2025-05-01T15:34:09","slug":"jason-smith-predicts-largest-tax-increase-if-budget-fails","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jason-smith-predicts-largest-tax-increase-if-budget-fails\/","title":{"rendered":"Jason Smith predicts &#8216;largest tax increase&#8217; if budget fails"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjason-smith-predicts-largest-tax-increase-if-budget-fails%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2429710&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Rep.Jason Smith (R-MO) has warned that if the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/internal-defections-over-democrats-plan-to-lower-drug-prices-puts-long-sought-goal-in-major-peril\/\" title=\"Internal Defections Over Democrats\u2019 Plan To Lower Drug Prices Puts Long-Sought Goal In Major Peril\">proposed budget reconciliation<\/a> by House Republicans fails, it could lead to &#8220;the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fact-check-do-the-rich-really-pay-no-taxes\/\" title=\"Fact Check: Do The Rich Really Pay No ...es?\">largest tax increase<\/a> in the history of America.&#8221; He claims that this failure would result in significant cuts to the child tax credit and a reduction in the guaranteed deduction utilized by most Americans when filing thier taxes.Smith criticized Democrats, notably House Minority Leader Hakeem Jeffries (D-NY), claiming they are out of touch with reality and asserting their plans could enact severe Medicaid cuts. As the Chair of the House Ways and Means Committee, Smith expressed his commitment to uphold President Trump&#8217;s tax promises, emphasizing no taxes on tips, overtime, or Social Security for seniors. The <a href=\"https:\/\/amzn.to\/3YuVZYV\">current budget resolution maintains<\/a> a freeze on federal funding until September 30.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Jason Smith warns Americans face &lsquo;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/johnson-warns-of-largest-tax-increase-if-trump-tax-cuts-are-not-extended\/\" title=\"Johnson warns of &#039;...&#039; if Trump ... cuts are not extended\">largest tax increase&#038;rsquo<\/a>; if budget fails<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2106138\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Rep. <a href=\"http:\/\/washingtonexaminer.com\/tag\/jason-smith\" target=\"_blank\" rel=\"noopener\" title=\"\">Jason Smith<\/a> (R-MO) suggested the result of not passing the <a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3393409\/carlos-gimenez-medicaid-benefits-not-touched-budget-reconciliation\/\" target=\"_blank\" rel=\"noopener\" title=\"budget reconciliation\">budget reconciliation<\/a> proposed by Republicans in the House could be &ldquo;the largest tax increase in the history of America.&rdquo;<\/p>\n<p>Republicans are committed to trillions in federal spending cuts, and Medicaid is appearing as a large target. Smith dismissed House Minority Leader Hakeem Jeffries (D-NY), predicting that the majority leadership is trying to &ldquo;enact the largest Medicaid cut in American history.&rdquo;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3396919\/house-lawmakers-seeking-higher-office-muddle-2026-map\/\">House lawmakers abandoning ship for higher office muddle 2026 map<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3396982\/republicans-introduce-bill-tax-haven-savings\/\">Republicans to introduce bill creating Roth IRA-style savings account<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3397418\/hank-johnson-criticized-poem-linking-trump-deportations-latinos-home-depot\/\">Rep. Hank Johnson criticized for poem linking Trump deportations to Latinos at Home Depot<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>&ldquo;Well, all I have to say is the Democrat Party is completely out of touch with reality,&rdquo; Smith said on Fox News&rsquo;s <em>The Ingraham Angle<\/em> Wednesday. &ldquo;If we don&rsquo;t pass this bill, Americans will face the largest tax increase in the history of America. The child tax credit, which is something that he says he supports, gets slashed in half from 2,000 to 1,000. The guaranteed deduction, which 91% of all Americans used to file their taxes, that gets slashed in half.&rdquo;<\/p>\n<div style=\"width: 100%; max-width: 640px; max-height: 360px; min-width: 320px; min-height: 180px; overflow: hidden;\">\n<div style=\"position: relative; width: 100%; padding-top: 56.25%;\"><iframe src=\"https:\/\/share.grabien.com\/share.php?id=2915502&amp;userid=11311&amp;loginid=10455&amp;playercolor=%23000000&amp;playersize=auto&amp;code=d266498be67f1ce533c3d0251b09c74a\" style=\"position: absolute; top: 0px; left: 0px; width: 100%; height: 100%; border: 0px;\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/3393409\/carlos-gimenez-medicaid-benefits-not-touched-budget-reconciliation\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>CARLOS GIMENEZ SAYS MEDICAID BENEFITS WON&rsquo;T &lsquo;BE TOUCHED&rsquo; IN BUDGET RECONCILIATION<\/strong><\/a><\/p>\n<p>Smith expressed his commitment to follow through on President Donald Trump&rsquo;s campaign promises on no tax on tips, overtime, or Social Security for seniors. The Missouri Congressman is the Chair of the <a href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/2890244\/chairman-jason-smith-reelection-congress\/\" target=\"_blank\" rel=\"noopener\" title=\"House Ways and Means Committee\">House Ways and Means Committee<\/a>, and was one of three other committee chairmen who headed the impeachment inquiry into Joe Biden. <\/p>\n<p>The last continuing resolution on the budget froze federal funding until Sept. 30.<\/p>\n<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2106138\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2106138\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jason Smith warns of a potential historic tax hike if the budget fails<\/p>\n","protected":false},"author":2631,"featured_media":2429711,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/05\/Jason-Smith-September-2024.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[54413,38510,54412,51245],"class_list":["post-2429710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-budget-failure","tag-fiscal-policy","tag-jason-smith","tag-tax-increase"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/05\/Jason-Smith-September-2024.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2429710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2429710"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2429710\/revisions"}],"predecessor-version":[{"id":2429714,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2429710\/revisions\/2429714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2429711"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2429710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2429710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2429710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}