Ways & Means
With its broad jurisdiction, the Ways and Means Committee impacts our pocketbooks, and in turn, nearly every aspect of our daily lives. The countries where Nebraskans can buy and sell goods, the taxes we pay, and the Social Security benefits some may receive are just a handful of the topics which fall under the committee's influence.
Learn more about how the Committee on Ways and Means impacts you by visiting the links below.
More on Ways & Means
Trade agreements reduce trade barriers, which promotes economic growth and cooperative relationships between nations. Because 95 percent of consumers reside outside U.S. borders, we must constantly be looking for ways to increase access to foreign markets and ensure America’s competitiveness in an increasingly global marketplace. Negotiating trade agreements reduce tariffs between countries and open previously closed markets. Trade with foreign nations represents tremendous opportunities for the American economy.
Federal revenue continued at near-record highs in 2018, at $3.33 trillion. Unfortunately, this amount was not enough to cover the $4.2 trillion in spending last year, further exacerbating our $22 trillion in national debt. As President Ronald Reagan said, “The problem is not that the people are taxed too little. The problem is that government spends too much.”
Washington, D.C. – In today’s Ways and Means Committee hearing on “Medicare for All” Congressman Adrian Smith (R-NE) spoke out against the proposal, highlighting the massive tax increase it would put on middle class Americans, and the trend of tax-raising proposals recently put forth by House Democrats.
As Nebraskans recover from the historic storms, I have worked with my colleagues and the Administration to ensure our state has the proper federal resources available so hard-working, dedicated Nebraskans can fully recover and rebuild what was lost in these tragic events. Our entire Nebraska congressional delegation is united in this effort.
WASHINGTON, D.C. – U.S. Reps. Adrian Smith (NE-03) and Terri Sewell (AL-07) have introduced the Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act, bipartisan legislation which would help preserve jobs and encourage infrastructure development by ensuring tax-exempt electric cooperative organizations’ continued access to government grants and assistance, including rural broadband grants and FEMA disaster relief.
Prescription drugs are vitally important to all Americans – every one of us included. Advances in science and technology have opened the doors to treat or cure thousands of diseases which not too long ago would have been considered a death sentence.
WASHINGTON, D.C. – The Nebraska congressional delegation has introduced legislation to provide tax relief for Nebraskans impacted by the severe 2019 storms and flooding. The bill, known as the Disaster Tax Relief Act of 2019, would deliver tax relief to areas that received a federal disaster declaration between January 1, 2019 and April 15, 2019.
Washington, D.C. - Congressman Adrian Smith (R-NE) released the following statement after Democrats on the House Ways and Means Committee on Wednesday requested the president’s tax returns from the IRS.
Statement from Smith:
This week I was at the White House for a meeting with President Trump, members of his cabinet, and a group of my House colleagues about USMCA, the trade agreement recently negotiated with Canada and Mexico to build on NAFTA’s success. While there, I made it a point to thank President Trump for his swift response to recent harsh weather and flooding throughout Nebraska by approving an expedited federal disaster declaration.
It was another busy week in the House Ways and Means Committee with important hearings on tax policy and the state of our economy. We heard from Treasury Secretary Steven Mnuchin in his annual testimony before the committee that the American economy is strong and our efforts at reforming the tax code have been very successful.