CHAIRMAN SMITH AT SEC. BESSENT HEARING: HISTORIC INVESTMENT BOOM MEANS MORE OPPORTUNITY FOR WORKING-CLASS AMERICANS

WASHINGTON, June 4 -- The House Ways & Means Committee Chairman issued the following news release:

WASHINGTON, D.C. - Ways and Means Committee Chairman Jason Smith (MO-08) delivered the following opening statement at a hearing with Treasury Secretary Scott Bessent:

As prepared for delivery.

"Welcome back Secretary Bessent to the Ways and Means Committee.

"Since you last came before this Committee, the average American has more money in their pocket from the Working Families Tax Cuts.

* This filing season, refunds were up more than 11 percent and tax refunds totaled nearly $325 billion;

* A family of four with two children making $73,000 owed no federal income tax;

* 62 million Americans claimed at least one of President Trump's tax...