Nancy Pelosi’s hand-picked chair of the tax-writing Ways & Means Committee is liberal Richard Neal of Massachusetts. He made headlines last week by telling Bloomberg News that he would seek to raise both corporate and individual income-tax rates should Democrats keep the House.
His lust for higher taxes has energized the three leading House Republicans who are seeking to become Ways & Means Chairman if the GOP takes the House:
“It’s incredibly maddening that they haven’t learned their lesson after they tanked the economy and ignited the worst inflation crisis in 40 years with their reckless spending. When Republicans retake control of Congress, we will get our economy back on track,” Rep. Jason Smith of Missouri told Fox Digital. . . .
“Of course Democrats are already planning their next tax hike before President Biden has even signed their Inflation Act into law,” Rep. Adrian Smith, R-Neb., told Fox News Digital in a statement.
Representative Vern Buchanan of Florida, the third Republican seeking the Ways & Means chairmanship, didn’t respond to Fox’s request for comment.
Nonetheless, all three are completely opposed to the just-passed $80 billion addition to the IRS’s budget. One of the most important jobs facing a GOP-led House will be to roll back the IRS’s hiring bonanza and block its implementation.