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House Ways and Means Committee Chairman Introduces Legislation to Cut Taxes for Working Families, Grow Main Street Businesses, and Protect American Innovation & Competitiveness

13 June 2023

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Proposed Changes

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United States

U.S. House Ways and Means Committee Chairman Jason Smith (R-MO) has introduced legislation meant to provide tax cuts for working families, grow main street businesses, and protect American innovation and competitiveness. The main measures are summarized as follows in a release on the legislation. --- Tax Cuts for Working Families Act (H.R. 3936): To help working families struggling under Biden's inflation crisis, the Ways and Means Committee is helping Americans keep more of their hard-earned money. Under President Biden inflation has gone up faster than wages for a record 25 straight months, leaving families farther and farther behind. This bill...