Budget

WASHINGTON—The Improve and Enhance the Work Opportunity Tax Credit (IEWOTC) Act sponsored by Rep. Lloyd Smucker (PA-11), a senior member of the Committee on Ways and means, would lead to job creation and reduce reliance on safety net programs, according to a recent study. 

WASHINGTON—Thirty-one Members of the House Republican Conference, led by Rep. Lloyd Smucker (PA-11) Vice Chair of the Budget Committee, are calling for Congress to pass reconciliation legislation that is “genuinely fiscally responsible.” Failure to achieve the spending reduction targets outlined in the budget resolution will mean “the Ways and Means Committee’s instruction must be lowered dollar-for-dollar to keep the reconciliation bill within the agreed limits.”

WASHINGTON – Representatives Lloyd Smucker and Terri Sewell and U.S. Senators John Hickenlooper and Thom Tillis have reintroduced the Retirement Savings for Americans Act (RSAA), legislation to help low- and middle-income Americans build wealth and save for retirement. The bill would establish a new program that gives eligible workers access to portable, tax-advantaged retirement savings accounts.

WASHINGTON—Rep. Lloyd Smucker (PA-11), Vice Chair of the House Budget Committee and a senior member of the Committee on Ways and Means, released the following statement after voting in favor of the amended House Budget Resolution (H. Con. Res.14): 

Washington—Rep. Lloyd Smucker (PA-11), Vice Chair of the House Budget Committee and a senior member of the Committee on Ways and Means, released the following statement: 

“The Senate’s passage of the amended House resolution is a critical step forward. However, with $5.8 trillion in costs and only $4 billion required savings in their instructions, I cannot vote for it. We can and must do better. Let’s come together next week to craft a fiscally responsible solution.” 

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WASHINGTON—Rep. Lloyd Smucker (PA-11) and Sen. James Lankford (R-OK) are urging the Trump administration to take swift action to address the failures of the Biden administration that have undermined the nation’s unemployment insurance (UI) system. They are joined by House Budget Committee Chairman Rep. Jodey Arrington (TX-19) and Rep. Aaron Bean (FL-4) in a letter calling for comprehensive reforms to restore accountability, prevent fraud, and ensure timely support for job seekers. 

Washington—Rep. Lloyd Smucker (PA-11), the Vice Chair of the House Committee on the Budget, released the following statement after voting in favor of the Concurrent Resolution on the Budget for Fiscal Year 2025 during consideration in the House: