WASHINGTON, May 12 -- 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 April 2026:
"While inflation has come down substantially since the 21 percent spike in prices seen when Democrats controlled all of Washington, American families are still looking for additional relief, and that is why Republicans acted to deliver the largest tax cuts in American history. The Working Families Tax Cuts provided record refunds this tax filing season with hardworking Americans pocketing an average refund of nearly $3,300. A sizeable ...