WASHINGTON, July 14 -- The House Ways & Means Committee Chairman issued the following news release:
WASHINGTON, D.C. - Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for June 2026:
"Republicans recognized that while inflation has slowed considerably from the 9 percent rate Democrats created during the Biden Administration, working families still faced affordability challenges. Which is why Republicans enacted the largest tax cuts in history that have kept more money in the pockets of working families - including the 7.5 million workers who benefited from No Tax on Tips, the 29 million workers who benefited from N...