The nation’s debt has surpassed a staggering $17 trillion. This deficit is a result of irresponsible spending in Washington and tax increases are not the solution. We need to control our spending and create a budget that reflects our means just as taxpayers do in their own families. I pledge to vote against tax increases and I am proud to have signed the Americans for Tax Reform Pledge. I am dedicated to creating responsible spending an reducing taxpayer burdens.
More on Taxes
This week, President Trump returned to the place where he started his push for historic tax cuts three months ago, right here in Missouri. This time, the President spoke in detail about the proposal which I had recently helped advance through the U.S. House of Representatives known as the Tax Cuts and Jobs Act - our plan to allow American families, small business owners and farmers to keep more of what they earn and more of what they deserve.
“The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system…The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”
ROLLA, MO – Today, Congressman Jason Smith was in Phelps County to meet with the Rolla Regional Economic Commission at their monthly public meeting. During the hour-long conversation, Smith and attendees discussed tax reform, healthcare and the national debt.
On Wednesday, President Trump stood before a huge crowd of people in Indianapolis, Indiana and laid out the details on how he planned to reduce the tax burden on American businesses, families, farmers and workers - giving Americans one of the largest pay increases a president has ever proposed.
Our tax system is rigged, designed to help only the most powerful people who can afford the most expensive tax lawyers to find their way through tricky tax loop holes. This week, I joined President Donald Trump in Springfield to talk about our complicated and unfair tax code, the work we must do to fix it, and how we are going to give hardworking Americans a pay raise in the process.
Our tax code is a mess, and that’s putting it lightly. Multiple brackets. High rates. Special interest breaks everywhere. Rules and regulations that are too complicated to understand. It costs more and more each year just to do your taxes, let alone pay them.
All of this drags people down and leaves them buried in paperwork and compliance problems. Instead of bringing jobs to America, our tax code is pushing jobs overseas. Even worse, the agency charged with overseeing all of this—the IRS—has repeatedly violated the trust of the American taxpayer.
WASHINGTON, D.C. – Today Congressman Smith voted to keep a $622 billion tax increase from hitting American families. One of the most important provisions for farmers and small business owners in the Protecting Americans from Tax Hikes (PATH) Act is providing tax relief for equipment and property purchases through Section 179 of the tax code. The PATH Act would make permanent Section 179 expensing, allowing for an immediate deduction on equipment purchases for farmers and small business owners.
WASHINGTON, D.C. – Today Congressman Smith voted to keep a $622 billion tax increase from hitting American families. One of the provisions in the Protecting Americans from Tax Hikes Act is Congressman Smith’s initiative, H.R. 3409 the Tax Relief for Working Students Act, to make college more affordable for students.
Since you sent me to Washington, I have looked carefully at each piece of legislation that was brought for a vote. Each time, I look at how it would impact the hardworking folks of southeast and southern Missouri. Next, I look to see if the legislation was crafted fairly, and if it upholds the traditions and values of our area. Given the rushed non-transparent process around this week's budget bill, I wasn't surprised when I opened page one and found a bad deal for hardworking taxpayers and farmers. The only reasonable option was to vote no.