Tax Reform
Rep. Lloyd Smucker serves as a member of the tax-writing Ways and Means Committee.
As a member of the Ways and Means Committee, Rep. Smucker is committed to advancing pro-growth tax policies that will strengthen the American economy and provide additional opportunities for hardworking Americans. Read the below news releases and articles for additional information on Rep. Smucker's efforts to advance pro-growth tax policies.
More on Tax Reform
The average credit card debt held by households in the United States surged by 13 percent in the second quarter, the largest increase in such debt since 1999, according to an Aug. 30 report from the Federal Reserve Bank of New York.
More consumers are increasingly relying on credit amid sky-high inflation in order to pay their bills.
Washington, DC -- Congressman Lloyd Smucker (PA-11) released the following statement regarding the Biden administration's announcement regarding forgiveness of federal student debt:
York, PA —Rep. Lloyd Smucker (PA-11) visited Saubel's Market in York County to hear how the third-generation family-owned business has been impacted by workforce shortages, supply chain issues, and inflation.
Washington, D.C. —Rep. Lloyd Smucker (PA-11) voted against congressional Democrats' so-called "Inflation Reduction Act" and opposed the legislation's passage by participating in debate on the floor of the House of Representatives. Smucker spoke twice against the legislation during time controlled by the House Budget Committee and House Ways & Means Committee.
"Democrats' Legislation Abandons Free Enterprise in favor of Socialism"
As prepared for delivery:
Washington, D.C. —Rep. Lloyd Smucker (PA-11), a senior member of the House Budget Committee, took to the floor of the House of Representatives to speak out about rising inflation and the growing national debt, which recently eclipsed $30 trillion. Smucker's comments came as the Federal Reserve Board raised the federal funds rate to combat the 40-year high inflation Americans are experiencing; a direct result of the policies of the Biden administration.
Washington, DC – Over the past two weeks, Rep. Lloyd Smucker (PA-11) participated in the Ways & Means Committee mark-up of the $3.5 trillion socialist spending spree, including trillions of dollars of tax hikes on the middle-class and small businesses.
Day One: "The American Dream is at Stake"
Washington- Today, Rep. Lloyd Smucker is introducing legislation to provide small businesses with a commonsense extension of the first quarter estimated tax payment deadline to May 17, 2021, to align it with the new individual tax filing date.
WASHINGTON, DC — Rep. Lloyd Smucker has been officially appointed to subcommittees of the House Committee on Ways and Means, following today's organizational meeting of the committee.
Smucker joins the Worker & Family Support Subcommittee and the Oversight Subcommittee. In addition to those assignments, Smucker re-joins the House Committee on the Budget.
WASHINGTON – Congressman Lloyd Smucker, Ranking Member of the Higher Education and Workforce Investment Subcommittee, Rep. Susan Davis (D-CA), Chairwoman of the subcommittee, and Rep. Sharice Davids (D-KS) introduced legislation to eliminate all administrative fees on federal student loans, which would save students over $1.7 billion per year.
Washington, D.C. – U.S. Rep. Lloyd Smucker (PA-16) today issued the following statement on the Unified Framework for Fixing Our Broken Tax Code:
"Today Republicans released a vision to improve people's lives and put more money back in the pockets of hardworking American families. Our current federal tax code is broken, but we have the fix: give American families the opportunity to improve their lives through a simplified tax code.