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
Washington, D.C. – Rep. Adrian Smith (R-NE), a senior member of the House Committee on Ways and Means, released the following statement after Representative Jason Smith (R-MO) was elected by the Steering Committee to serve as Chairman of the House Committee on Ways and Means:
This week, we officially gaveled in the 118th Congress. With Kevin McCarthy as Speaker of the House, I know House Republicans will deliver on our Commitment to America to restore a government that’s accountable, a nation that’s safe, an economy that’s strong, and a future that’s free.
Washington, D.C. – Rep. Adrian Smith (R-NE), a senior member of the House Ways and Means Committee, released the following statement after the Biden administration announced it was delaying enforcement of its new 1099-K income reporting threshold for one year:
Christmas is going to look different for many Americans because of ongoing supply chain challenges and soaring inflation. We have seen shortages of items such as appliances, jewelry, electronics, holiday food items such as turkey, and even Christmas lights and trees. Faced with a serious hike in input costs, more than 70 percent of wholesale Christmas tree growers have been forced to increase their prices by up to 15 percent over last year.
Washington, D.C. – Today, Reps. Adrian Smith (R-NE) and Dan Kildee (D-MI) led members of the powerful House Ways and Means Committee in a letter to United States Trade Representative Katherine Tai. In the letter, the members raise concerns about the Mexican government’s failure to adhere to their biotechnology commitments under the United States-Mexico-Canada Agreement (USMCA) and the need for immediate enforcement action.
Washington, D.C. – Today, Rep. Adrian Smith (R-NE), Lead Republican of the Ways and Means Trade Subcommittee, released the following statement on the Biden administration’s support of extending the deadline for the World Trade Organization (WTO) to decide whether the TRIPS waiver should extend to diagnostics and therapeutics:
A month from now, we will welcome a new year and a new Congress with a new majority. For the 118th Congress House Republicans have put forward our Commitment to America agenda. In the new Republican Majority, we will work to rein in reckless government spending, strengthen and make permanent the tax relief included in the Tax Cuts and Jobs Act (TCJA), maximize take-home pay for all Americans, and build an economy that’s strong.
As American families continue to battle historic inflation at 8.2 percent, Nebraskans are feeling the pain every time they reach for their wallets. According to the Joint Economic Committee, households in Nebraska are spending an extra $759 each month, or more than $9,000 annually, because of inflation.
Washington, D.C. – Republican Leader of the Ways and Means Subcommittee on Trade, Rep. Adrian Smith (R-NE), along with Rep. Michelle Steel (R-CA), introduced a bill to prevent the Internal Revenue Service (IRS) from using its massive, $80 billion infusion of taxpayer dollars to squeeze more revenue out of American taxpayers, by repealing all enforcement funding from Democrats’ inflation act. The bill leaves in place funding enhancing IRS’s customer service and information technology systems.
August’s Consumer Price Index shows inflation continues to rise. Prices for consumer goods have risen across the board – especially necessities like food and shelter. Unfortunately, inflation shows no sign of easing, and the National Energy Assistance Directors Association anticipates a 17 percent increase in the average household cost for Americans to heat their homes this winter.