Smith Introduces the American Families and Jobs Act to Cut Taxes for Working Families, Grow Main Street Businesses, and Protect American Innovation & Competitiveness – House Committee on Ways and Means

WASHINGTON, D.C. – In response to specific concerns raised by American workers, families, farmers, and small businesses during field hearings across the country, Ways and Means Committee members have introduced legislation to help struggling families, grow jobs, and support a stronger economy. Today, these solutions are being combined as part of a new legislative tax relief and jobs package by Ways and Means Committee Chairman Jason Smith (MO-08).

Chairman Smith issued the following statement after introducing the American Families and Jobs Act, comprised of three bills: the Tax Cuts for Working Families Act (H.R. 3936), the Small Business Jobs Act (H.R. 3937), and the Build It in America Act (H.R. 3938):

“As we traveled to communities across this country, Americans from all walks of life – workers, parents, farmers, and small business owners – have shared their concerns with today’s chronically high prices, climbing interest rates, labor shortages and supply chain failures, as well as the challenge of competing with China.

“In field hearings held in West Virginia, Oklahoma, and Georgia, we listened to their stories and their solutions. Now we are taking action to deliver relief and create a better, stronger future for American workers and families. The legislation introduced today pulls together critical ideas introduced by Ways and Means Committee members in response to needs and concerns voiced by the American people. It builds on successful tax policies enacted by Republicans that spurred higher economic growth – far more than projected – and sparked the fastest growth in real wages in 20 years. These policies will provide relief for working families, strengthen small businesses, grow jobs, and protect American innovation and competitiveness.”

The Tax Cuts for Working Families Act, the Small Business Jobs Act, and the Build It in America Act will be considered by the Ways and Means Committee in the coming days.

Tax Cuts for Working Families Act (H.R. 3936):

Small Business Jobs Act (H.R. 3937):

Build It in America Act (H.R. 3938):