Jason Smith

Mr. SMITH of Missouri

Mr. SMITH of Missouri. Mr. Speaker, I yield 30 seconds to the gentleman from New York (Mr. Lawler).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Georgia (Mr. Collins).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Louisiana (Mr. Scalise).

Mr. SMITH of Missouri. Mr. Speaker, the Democrat leader is mistaken. We aren't currently in the dead of night. We are voting for the one big, beautiful bill first thing in the morning. The relief for working families simply can't wait. We will work until the job is done, and we are going to do that. Mr. Speaker, I yield 1 minute to the gentleman from Louisiana (Mr. Johnson), the Speaker of the House.

Mr. SMITH of Missouri. Mr. Speaker, I yield back the balance of my time.

Mr. SMITH of Missouri. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, today, we embark on a golden age for working families and small businesses with the One Big Beautiful Bill Act. We make permanent the 2017 Trump tax cuts. We add a $1,300 tax cut for families, compared to what they are paying this year, and halt a $1,700 tax increase. Working families, farmers, and small businesses win with this bill. We expand and make permanent the small business deduction and increase the child tax credit, the standard deduction, and the death tax exemption. President Trump promised no tax on tips, overtime pay, and car loan interest. Hardworking Americans working overtime get up to $1,750 more in their pockets under this bill. Those working for tips get $1,700 more. Families buying U.S.-made cars can deduct their auto loan interest. President Trump promised no taxes on Social Security, and in this bill, we deliver. Low- and middle-income seniors on Social Security will now have their tax liability erased with an increase in their standard deduction. Under this bill, if you build businesses here in America, you win. Not only do we renew incentives for domestic research and development, but we do 100 percent immediate expensing and the deduction for interest expenses. We also deliver on President Trump's promise to revitalize American manufacturing, with 100 percent expensing for new factories and improvements of existing facilities. Small- and medium-sized manufacturers also win with greater tax benefits. We replace bad tax policy with good tax policy, ending Biden-era tax breaks and special interest giveaways to the wealthy, the well- connected, and China. We hold accountable woke elite universities and tax-exempt organizations that abuse their generous tax benefits. President Trump stopped the flow of illegal immigrants over our borders. This bill will stop the flow of taxpayer benefits to their pockets. After the October 7 attacks on Israel, rampant anti-Semitism stormed college campuses. The Ways and Means Committee investigated, given the schools' massive tax benefits. Jewish students testified about living in fear as administrators failed to condemn the behavior. No longer. Some of the worst offenders, colleges with endowments reaching into the tens of billions, will now face the same taxation rate as corporations. The One Big Beautiful Bill Act gives America a big, beautiful raise, with the average American household seeing real take-home pay go up by as much as $13,300. We will save or create 7.4 million jobs, add 1 million new small business jobs annually, and unlock $1.5 trillion in additional small business economic growth, including $284 billion in growth just from manufacturing alone. We can boost short-run real GDP by as much as 5.2 percent and long-run real GDP by over 3 percent. Renewing the successful Opportunity Zone program will help distressed communities, especially rural ones, by spurring over $100 billion in new investments. Parents win with expanded education savings accounts to choose the education that best fits their kids' needs. Americans get greater control over their healthcare with expanded health savings accounts. Working families get better access to childcare and a permanent paid leave tax credit. Supporting the working class is deeply personal for me. I was raised in a single-wide trailer in a town of less than 5,000 people. My grandparents never had running water. The average income in my hometown of Salem, Missouri, is just over $24,000. My priority is the working class because the working class raised me. Mr. Speaker, I urge my colleagues to support the One Big Beautiful Bill Act. Make American families and workers thrive again. Make rural America and Main Street grow again. Help America win again. Mr. Speaker, I reserve the balance of my time.

Mr. SMITH of Missouri. Mr. Speaker, I would like to remind the gentleman from California that a family of four making $96,334, the median income in California's Fourth District, would see a $2,167 tax increase if the Trump tax cuts expire. Mr. Speaker, I yield 1 minute to the gentleman from Kansas (Mr. Estes).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Illinois (Mr. LaHood).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Iowa (Mr. Feenstra).

Mr. SMITH of Missouri. Mr. Speaker, if the Trump tax cuts expire, in the Congresswoman's district, 95,070 of California-38 families would see their household child tax credit slashed in half. That is helping your constituents. Mr. Speaker, I yield 1 minute to the gentleman from Oklahoma (Mr. Hern).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentlewoman from West Virginia (Mrs. Miller).

Mr. SMITH of Missouri. Mr. Speaker, this is what this one big, beautiful bill is all about. This is what 77 million Americans voted for: make the 2017 Trump tax cuts permanent, no tax on tips, no tax on overtime, no tax on car loan interest, and tax relief for seniors. The one big, beautiful bill puts money back in the pockets of the people who make this country run. President Trump promised a new golden age, and House Republicans are delivering on that promise. The American people are counting on Congress to get the job done. Let's pass this bill. Let's deliver for American workers, farmers, families, and small businesses. Mr. Speaker, I yield 1\1/4\ minutes to the gentlewoman from New York (Ms. Malliotakis).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Tennessee (Mr. Kustoff).

Mr. SMITH of Missouri. Mr. Speaker, I yield 2 minutes to the gentleman from Arkansas (Mr. Westerman), the chairman of the Natural Resources Committee.

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Texas (Mr. Moran).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentleman from Indiana (Mr. Yakym).

Mr. SMITH of Missouri. Mr. Speaker, I yield 1 minute to the gentlewoman from Texas (Ms. Van Duyne).

Mr. SMITH of Missouri. Mr. Speaker, if the Trump tax cuts were to expire in Mr. Gomez's district, a family of four making $62,008, the median income in California's 34th District, would see a $1,139 tax increase. Mr. Speaker, I yield 1 minute to the gentleman from Florida (Mr. Bean).

Mr. SMITH of Missouri. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, let's talk about who benefits from this bill. A single mom, a waitress in Nevada is working long hours. She is raising one child. She is living paycheck to paycheck. She gets a bigger standard deduction underneath our legislation. She won't pay taxes on tips in our legislation. She gets a boosted child tax credit. That is a tax cut of $4,891. That is not pennies. That is real money for working Americans. This is what it means to stand with the working class and millions of tipped workers. Mr. Speaker, I yield 1 minute to the gentleman from Ohio (Mr. Miller).

Mr. SMITH of Missouri

Mr. SMITH of Missouri. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 517) to amend the Internal Revenue Code of 1986 to modify the rules for postponing certain deadlines by reason of disaster, as amended.

Mr. SMITH of Missouri. Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and submit extraneous material on the bill under consideration.

Mr. SMITH of Missouri. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of the Filing Relief for Natural Disasters Act, introduced by Ways and Means Committee members Representatives Kustoff and Chu. For too many Americans, help from the Federal Government after a natural disaster can take too much time to arrive. This bipartisan bill authorizes the Treasury Department, in consultation with FEMA, to postpone tax filing deadlines for Americans living in State-declared disaster areas just as they do for federally declared disasters. If a State moves faster in declaring an emergency, the Treasury Department can more quickly respond when it comes to an individual's tax obligations. This legislation will help disaster victims receive desperately needed tax relief sooner rather than later. Additionally, this legislation doubles the current mandatory tax filing extension following a federally declared disaster declaration from 60 to 120 days. For most people recovering from a disaster, taxes fall lower on their to-do list than more immediate needs like finding shelter, food, and caring for loved ones. By extending this deadline, we are providing families the breathing room and additional time to get their lives back together. President Trump was elected on the promise of finally making the government work better for working people. All Americans, but especially Americans recovering from a natural disaster, deserve easier tax filing. With tax day in just a few days, we must look for commonsense, bipartisan ways to make filing and paying taxes less of a hassle. I thank both sponsors of this legislation for leading on this issue on behalf of the people they represent and all Americans. Mr. Speaker, I reserve the balance of my time.

Mr. SMITH of Missouri

Mr. SMITH of Missouri. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of H.R. 1155, the Recovery of Stolen Checks Act. With the April 15 tax filing deadline right around the corner, we are reminded of the need to make the IRS more responsive to the American people. Unfortunately, the manner in which the IRS currently responds to stolen tax refund checks is truly insane. Right now, if someone has their refund check stolen out of the mail, the IRS will replace that stolen check by sending another one through the mail. It should surprise no one to learn that quite often that replacement check is also stolen out of the mail. There is no law keeping the IRS from sending a replacement check through a direct deposit to a bank. However, the IRS currently does not have procedures in place for a taxpayer to make such a request. This bill fixes that flaw. I wish to commend my Ways and Means Committee colleagues, Representatives Malliotakis, Kustoff, and Sewell, for their bipartisan leadership on this issue. In Representative Malliotakis' district alone, they have seen $3.8 million in IRS tax refund checks stolen. Taxpayers that are victims of this crime need to be made whole. They do not need to jump through more hoops or deal with the hassle of seeing their replacement refund checks stolen as well. This legislation received unanimous approval in the Ways and Means Committee, and I encourage my colleagues to give it an equally strong bipartisan vote here in the House. Mr. Speaker, I reserve the balance of my time.

Mr. SMITH of Missouri. Mr. Speaker, I yield such time as she may consume to the gentlewoman from New York (Ms. Malliotakis), the sponsor of this legislation.

Mr. SMITH of Missouri. Mr. Speaker, I yield such time as he may consume to the gentleman from Tennessee (Mr. Kustoff).