| U.S. Congressional Tipoffs Involving Missouri Newsletter for Wednesday November 27, 2024 ( 2 items ) |
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House Ways & Means Committee Chairman Smith: IRS Unlawfully Delays & Rewrites Democrats 1099-K Policy Again
WASHINGTON, Nov. 27 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following statement on Nov. 26, 2024:
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Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the IRS announced its plans to unlawfully re-write the reporting threshold of Washington Democrats' 1099-K policy and once again delay its full implementation for the third time in three years:
"Democrats' 1099-K policy would burden taxpayers by bur
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Rural America Faces Family Farm Crisis If Trump Tax Cuts Expire
WASHINGTON, Nov. 27 -- Rep. Jason Smith, R-Missouri, chairman of the House Ways and Means Committee, issued the following news release:
Family-owned farms are a critical part of America's food supply and form the fabric of rural communities. The 2017 Trump tax cuts gave family farms, ranches, and small business owners relief by doubling the Death Tax exemption and indexing it for inflation each year. If this provision is allowed to expire at the end of 2025, more grieving families will fall und
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