On Jan. 27, House Ways and Means Committee Chair Jason Smith (R-MO) announced the GOP rosters of the six subcommittees for the 118th Congress. Notably, the two other former contenders for committee chair, Reps. Vern Buchanan (R-FL) and Adrian Smith (R-NE), are reprising their roles as chairs of the Health and Trade subcommittees, respectively. Rep. Mike Kelly (R-PA) will also be returning to serve another term as chair of the Subcommittee on Tax – formerly referred to as the Subcommittee on Select Revenue Measures.
Of the remaining three subcommittees, Rep. David Schwikert (R-AZ) will lead the Subcommittee on Oversight, a position that will likely place him at the epicenter of ongoing GOP efforts to limit or rescind new IRS funding that was included in the Democrats’ Inflation Reduction Act (IRA). Rep. Drew Ferguson (R-GA) will take over Schwikert’s former position as chair of the Subcommittee on Social Security, and the Subcommittee on Work and Welfare will be chaired by Rep. Darin LaHood (R-IL).
With this announcement, the 10 new committee Republican members have also received their subcommittee assignments for the upcoming session. Of note, all seven members joining Schwikert on the Subcommittee on Oversight are new to the committee. The full rosters for all six Ways and Means subcommittees can be found upon clicking the link below.
Earlier this week, Republicans announced that Thom Tillis (R-NC), Ron Johnson (R-WI) and Marsha Blackburn (R-TN) will be joining the Senate Finance Committee, the corresponding tax-writing committee in the upper chamber.
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a supporter.
The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax