CHAIRMAN SMITH ON ECONOMIC REPORTS: AMERICANS HAVE MORE MONEY IN THEIR POCKETS AND BOOMING ECONOMY THANKS TO GOP TAX CUTS

WASHINGTON, April 30 -- The House Ways & Means Committee Chairman issued the following news release:

Taxpayers have more money in their pockets thanks to record tax refunds up over 11 percent and core inflation remains stable.

WASHINGTON, D.C.- Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the release of thePersonal Consumption Expenditure (PCE) price index for March, showing core inflation was 0.3 percent as projected, and a preliminary estimate of 2026 first quarter (Gross Domestic Product) GDP growth of 2 percent, beating CBO's projection of 0.6 percent real GDP growth:

"After Joe Biden's $10 trillion spending spree led to a 21 percent cost-of-living increase, President Trump and Republican...