WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after President Biden released his Fiscal Year 2024 budget that raises taxes on small businesses, ignores imminent Medicare cuts, and hands even more money to the IRS:
“Does President Biden even know his policies created the worst inflation crisis in 41 years? His budget doubles down on the same economic plan that both led to the current debt crisis and helped spike prices to record highs. Even now, he is asking American families, job creators, farmers and workers to hand over an additional $4.7 trillion in taxes – over $1.6 trillion of which is specifically on small businesses. All the while he hands the IRS an additional $43 billion after supercharging them with 87,000 new agents to go after working families. The President’s new budget will worsen all the crises facing the American people. Working Americans have already told the Ways and Means Committee during our field hearings outside of Washington about life in Biden’s economy – the new taxes in this Budget will make it harder for them to put food on the table, clothes on their backs, and gasoline in their cars. An expanded death tax continues the pattern of Democrats treating family farms like piggy banks for their Green New Deal welfare for the wealthy. Already struggling mom-and-pop businesses will be hit by the new small business surtax.
“Despite the fact the IRS is weeks late in telling Congress how it will spend its $80 billion pay raise to increase audits on working-class families, Biden goes even further to supercharge the agency with another $43 billion. President Biden even calls to install the Left’s woke agenda and radical environmental activism into the Treasury Department, instead of fixing the IRS’s atrocious customer service. The President’s socialist drug pricing scheme will leave patients with fewer new cures in order to pay for more reckless spending. And as a consequence of Democrats’ spending, Medicare faces more than $500 billion in cuts over the next decade, which President Biden sweeps under the rug in favor of taxes on small businesses, bonafide budget gimmicks, and endangering seniors’ access to care with zero accountability.
“American families and small businesses are struggling in this economy, and President Biden wants them to send Washington a bigger check.”
Reprinted with Permission from - US House Committee on Ways & Means by - J.P. Freire, Tim Foster, & Tate O'Connor
I may get an FBI visit for this but here goes. I look for Biden to start wearing dark glasses and staying away from reporters and the public. Biden May have a double yes a double to take his place. Hillary had a double that was shocking in appearance to exact image.Biden is done and if you watch he is led around by taking someone’s arm. As for Obama and the games he plays, haven’t we had enough.1962 Krouchev said “we will take over your country from within”. Looks like he was right.Lock and load one round HE. Let us fight to keep. Men free!!!!
Biden is being told what is happening and believes every problem is Trump’s four years. Jupiter is smaller than our moonYou bet !! Trump did it and many people are ignorant enough to believe it. They like the free money and “gifts” but don’t realize the cost which is their freedom..Trump forever!!!
It is important that everyone that agrees with the statement Jason Smith put out that you become involved. Do much more than show up to vote. That is just table stakes. Find out when
I read through the comments and have to say that all of our intentions r for good, true Americans. Our problem comes down to one thing, we never get across to the other side. The only hope I see happening, that will make a change, is inflation. When ppl keep losing savings, etc they will open their eyes and I hope NEVER vote for a democrat or RINO again
Left leaning voters don’t come to logical conclusions, they feel their way through life, so they will feel that it’s the Republicans fault, especially that mean DJT, and will continue to vote for the party of slavery. They never learn, so they keep repeating the same bad behaviors and ultimate outcomes.
The guy is a lunatic!
This is a communist government move! Woke Joe and his son are getting millions from China !
Democrats use the tactic of asking for and spending extreme amounts of money because it makes it impossible to trace and audit.
So when are our law enforcement or military who swore an oath to defend our Constitution and our nation against all enemies both foreign and domestic i.e the illegitimate biden fraudministration, going to actually protect us?
Even if he does know it’s failing he doesn’t carr!
Billions for IRS???? Come on people!!! That bread is going somewhere !!! China,Iran or even Russia. Trace our wars and the dems are in office then as now We are paying our enemy to fight us then rebuild what is destroyed here and there. Then a nice slice goes to the Cayman Islands for Joe and Hunter. Just one point!!! Joe can’t get to the bathroom without help which hurts many people his age. Joe like us is a victim being used by the traitors to America. He is lead around by his nose and we are lead around by our empty wallets.Joe is a no body for over 50 years in office. Two years and suffering!!! America first foremost and always!!!!’Donald are you ready?????
Thank you so much, Rep. Smith for drawing attention to the outlandish effects this administration has brought on this country.
Stolen elections have consequences
Forrest Gump’s mom gave good counsel: “Stupid is as Stupid Does.”
If the 43 billion for the irs makes it thru Congress and does not get shut down then there the problem
I never voted for jerk off Biden. He didn’t win. They cheated.
All of this is due to the simple fact that we voted for Biden in 2020 and now we are shocked ?
We got and are getting what we deserve. We got the govt we voted for. We, the voters, are the
problem. Joe Biden isn’t.
So while we go through the next 2 years pretending that there is a democrat vs republican
presidential race, we know now, today, what, we can expect. Vote dem and we will get
more of the same or make a change. Its so simple yet the media makes it seem complex.
We’re stuck until we vote differently. We really don’t need to read this bs every day. A’int
nothing changing until Nov 2024.
I didn’t vote for old Joe nor did 80 million other Americans. The democrats cheated .
Excuse me ??? He was NOT voted in.
If you expect anything to be any different in 2024 …you are insane. The same thing will happen … blatant cheating …except …they will switch out Biden and replace with Michelle! Then Obama will be in his 4th term and the hammer will come down with the final nail in the coffin! America and freedom will be dead !
We will all be under the rule of communism ! Prepare now because they have moved their agenda to be completed by 2030. It was previously by 2050 but they gained so much momentum due to the pandemic that they could knock off 20 year.
P.S. no doubt this previous ‘president’ is himself bought and paid for and doing his present master’s bidding.
Biden knows his economic agenda is failing. He just DOESN’T CARE!
Joe is not doing this alone. Don’t forget who he was vice president to for 8 wretched years, the “president” who claimed “I’m going to fundamentally change America” and the sheep cheered. The president who opined “There comes a time in a man’s life when he’s made enough money.” Now the owner of 3 multi-million dollar mansions one on Martha’s Vineyard. Also seen “visiting” the White House on several occasions…don’t think he was there to inquire about Joe’s health. There is nothing happening by accident; Biden is a puppet doing what he’s told. This previous “president” has been seen on several occasions visiting the Oval Office…and one can be sure they weren’t social visits! Biden is probably incapable at this point of even brushing his teeth without being told.
More importantly, does Joe have a clue about anything?? He has his wife and many others who whispers in his ear about what he is supposed to say, think, do and be but they are all wrong!!! They are ignoring the American middle class and poor!! They are on an agenda to socialism!!
Everyday, when I have to buy groceries or gas or just about anything else, I am reminded what a failure this administration is!!! I am frustrated that we still have another two years of Biden signing executive orders to get his agenda through and I am tired of President’s who rule by executive orders!! Congress is supposed to pass laws and give out the money but anymore it seems that Congress is constantly bypassed by Presidents who think they can continue to sign executive orders to get their way!!
And I know that Joe thinks he is some kind of genius but all he needs to do is look around to see that his administration is full of failures!!! Those close to him are keeping him unaware of our reality!!