Tax Reform

WASHINGTON – Today, the House of Representatives passed H.R. 2347, the Survivor Justice Tax Prevention Act, bipartisan legislation introduced by Rep. Lloyd Smucker (PA-11) and Rep. Gwen Moore (WI-04). 

WASHINGTON – Today, the Ways and Means Committee advanced Rep. Lloyd Smucker’s bipartisan legislation, H.R. 2347, the Survivor Justice Tax Prevention Act, during a committee markup. 

The Survivor Justice Tax Prevention Act would amend the nation’s tax code to ensure survivors of sexual abuse and unwanted and illegal sexual contact do not have to pay taxes on settlement income when they prevail legally against their abuser.

WASHINGTON--The Congressional Budget Office (CBO) published its updated baseline, the annual Budget and Economic Outlook. Vice Chair of the House Budget Committee Rep. Lloyd Smucker (PA-11) released the following statement: 

"When it comes to economic growth, the Congressional Budget Office (CBO) has one thing right—the Working Families Tax Cuts (WFTC) are accelerating the growth of the American economy.

Legislation to help seniors maximize retirement benefits, protect children from identity fraud passed the House with near unanimous support.

WASHINGTON – Rep. Lloyd Smucker (PA-11) introduced an updated version of the Improve and Enhance the Work Opportunity Tax Credit (WOTC) Act to build the U.S. workforce and help connect individuals to good jobs. The bill will strengthen and extend WOTC, which has a proven track record of helping disadvantaged individuals secure employment, but is set to expire at the end of this year without congressional action.

Washington—Reps. Lloyd Smucker (PA-11) and Don Beyer (VA-08), members of the House Ways and Means Committee, have introduced the Claiming Age Clarity Act to help seniors better understand how the timing of their decision to claim Social Security affects their monthly benefit. 

The legislation would modernize the Social Security Administration’s terminology, so it more clearly explains how retirement age affects monthly benefits. 

Wrightsville, PA—Representative Lloyd Smucker (PA-11), a senior member of the tax-writing Committee on Ways and Means, joined small businesses in Wrightsville for a roundtable discussion on federal tax policy and how the newly enacted One Big Beautiful Bill will drive investment and growth in the local economy. 

WASHINGTON — Reps. Lloyd Smucker (PA-11), Mike Kelly (PA-16), and 18 other members of the tax-writing Ways and Means Committee sent a letter to Internal Revenue Services (IRS) Commissioner Billy Long urging its reconsideration of Revenue Ruling 2024-14, unsupported Biden-era guidance that has created unnecessary confusion for taxpayers and threatens enforcement actions by drawing into question routine business transactions.