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House Ways and Means Committee Chairman Jason Smith discussed the next Trump tax cut bill and eliminating taxes on tips in an interview with Breitbart News on Wednesday.
The Missouri conservative said that the committee is already working on how to members craft the next big tax bill, as many of the provision in the Trump Tax Cuts and Jobs Act will expire next year, which Smith said amounts to over $4.3 trillion. Asked about implementing Trump’s vision to eliminate taxes on tips, Smith said, “We are the party of the working class, we want to make sure that policies, whether it’s tax, or trade, or health care that is passed will represent who we are.”
Smith said Trump’s policies will help the “economy back on track,” noting that many Americans are suffering from historic levels of inflation and Americans collectively have over $1 trillion in credit card debt.
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